James Miller - Jan 12, 2024 Form 3 Insider Report for BLUM HOLDINGS, INC. (BLMH)

Role
Chief Operating Officer, Director
Signature
/s/ James Miller
Stock symbol
BLMH
Transactions as of
Jan 12, 2024
Transactions value $
$0
Form type
3
Date filed
2/1/2024, 03:40 PM

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
holding BLMH Series V Preferred Stock Jan 12, 2024 Common Stock 35.7K $0.00 Direct F1
holding BLMH Warrants Jan 12, 2024 Common Stock 17.9K $2.80 Direct
holding BLMH Options Jan 12, 2024 Common Stock 14K $0.01 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series V Preferred Stock is convertible at the option of the holder into ten (10) shares of Common Stock at any time from and after the first anniversary of the issuance date. Each share of Series V Preferred Stock automatically converts into ten (10) fully paid and non-assessable shares of Common Stock on the second anniversary of the issuance date.
F2 Employee Stock Options (right to buy) ("Options") granted pursuant to the UMBRLA, Inc. 2019 Equity Incentive Plan, as amended.
F3 Options are fully vested.