Eric Baum - Jul 1, 2021 Form 3 Insider Report for Unrivaled Brands, Inc. (UNRV)

Role
Director
Signature
/s/ Eric Baum
Stock symbol
UNRV
Transactions as of
Jul 1, 2021
Transactions value $
$0
Form type
3
Date filed
7/12/2021, 07:38 PM
Next filing
Aug 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding UNRV Common Stock 1.06M Jul 1, 2021 Held by Spouse F1, F2
holding UNRV Common Stock 393K Jul 1, 2021 Held by LLC F1, F2, F4

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 UNRV Warrants (Right to Buy) Jul 1, 2021 Common Stock 481K $0.19 Held by Spouse F3
holding UNRV Warrants (Right to Buy) Jul 1, 2021 Common Stock 481K $0.01 Held by Spouse F3
holding UNRV Warrants (Right to Buy) Jul 1, 2021 Common Stock 96.2K $0.19 Held by LLC F3, F4
holding UNRV Warrants (Right to Buy) Jul 1, 2021 Common Stock 96.2K $0.01 Held by LLC F3, F4
holding UNRV Warrants (Right to Buy) Jul 1, 2021 Common Stock 76.2K $0.01 Held by LLC F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was appointed to the Issuer's Board of Directors, effective July 1, 2021, in connection with the Issuer's acquisition of UMBRLA Inc., a Nevada corporation ("UMBRLA"), pursuant to an Agreement and Plan of Merger, dated as of March 2, 2021, pursuant to which a wholly owned subsidiary of the Issuer merged with and into UMBRLA (the "Merger"), with UMBRLA surviving the Merger as a wholly owned subsidiary of the Issuer. At the effective time of the Merger, each share of UMBRLA common stock outstanding and directly or indirectly held by the Reporting Person was converted into the right to receive 1.5386 shares of the Issuer's common stock (the "Exchange Ratio").
F2 Represents shares of the Issuer's common stock received in the Merger.
F3 Represents UMBRLA warrants assumed by the Issuer in the Merger that were converted into warrants exercisable for shares of the Issuer's common stock, as calculated based on the Exchange Ratio. The exercise price was adjusted to reflect the Exchange Ratio.
F4 Represents securities held by Acquis Fund 2018 LLC, of which the Reporting Person is a member. The Reporting Person disclaims beneficial ownership of these securities except to the extent of the Reporting Person's pecuniary interest therein.

Remarks:

Power of Attorney is attached hereto as Exhibit 24.