J. Michael Schroeder - Jun 7, 2023 Form 4 Insider Report for Goodness Growth Holdings, Inc. (GDNSF)

Role
GENERAL COUNSEL & CCO
Signature
/s/ J. Michael Schroeder
Stock symbol
GDNSF
Transactions as of
Jun 7, 2023
Transactions value $
$0
Form type
4
Date filed
6/14/2023, 08:30 AM
Previous filing
Dec 21, 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 Options Award $0 +620K +57.93% $0.00 1.69M Jun 7, 2023 Subordinate Voting Shares 620K $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: 284,977 are vested immediately upon grant; 39,994 vest on each of June 30, 2023, September 30, 2023, December 31, 2023, March 31, 2024, June 30, 2024, September 30, 2024, and December 31, 2024; and 14,994 vest on each of 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 639,907 subordinate voting share options on for no consideration on March 15, 2023.