Michael Karst - Nov 17, 2021 Form 4 Insider Report for Global Clean Energy Holdings, Inc. (GCEH)

Role: Vice President
Signature: /s/ Michael Karst
Stock symbol: GCEH
Transactions as of: Nov 17, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/19/2021, 05:10 PM
Next filing: Aug 26, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GCEH	Common Stock	Award		+102K	+70.28%		247K	Nov 17, 2021	Direct	F1
transaction	GCEH	Common Stock	Award		+102K	+70.28%		247K	Nov 17, 2021	By spouse	F2
transaction	GCEH	Common Stock	Award	$0	+30K	+13.85%	$0.00	247K	Nov 17, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GCEH	Stock Option (right to buy)	Award	$0	+30K		$0.00	30K	Nov 17, 2021	Common Stock	30K	$6.05	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Received in exchange for 200,000 shares of Entira, Incorporated common stock in connection with the merger of Entira, Incorporated into Sustainable Oils, Inc., a wholly owned subsidiary of issuer (the "Merger"). On the effective date of the Merger, the closing price of the common stock of issuer was $6.05 per share.
F2	Received in exchange for 200,000 shares of Entira, Incorporated common stock in connection with the Merger.
F3	The incentive stock options were granted under the 2020 Equity Incentive Plan of issuer and vest in twelve equal quarterly installments commencing with the fiscal quarter ending December 31, 2021.