John Andrew Heller - Jun 7, 2023 Form 4 Insider Report for Goodness Growth Holdings, Inc. (GDNSF)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ J. Michael Schroeder, Attorney-in-Fact
Stock symbol
GDNSF
Transactions as of
Jun 7, 2023
Transactions value $
$0
Form type
4
Date filed
6/14/2023, 07:59 AM
Previous filing
Dec 20, 2022

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 GDNSF Stock Option Award $0 +1.6M +432.37% $0.00 1.97M Jun 7, 2023 Subordinate voting shares 1.6M $0.18 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock options vest as follows: 893,810 are vested immediately upon grant; 100,177 vest on each of June 30, 2023, September 30, 2023, December 31, 2023, March 31, 2024, June 30, 2024 and September 30, 2024; and 17,993 vest on each of December 31, 2024, March 31, 2025, June 30, 2025, September 30, 2025, December 31, 2025, and March 31, 2026.
F2 Total owned following transactions reflects voluntary cancellation by reporting person of 1,602,829 subordinate voting share options on for no consideration on March 15, 2023.