Nicholas Kovacevich - Jul 1, 2021 Form 4 Insider Report for Unrivaled Brands, Inc. (UNRV)

Role
Director
Signature
/s/ Nicholas Kovacevich
Stock symbol
UNRV
Transactions as of
Jul 1, 2021
Transactions value $
$0
Form type
4
Date filed
7/13/2021, 08:05 PM
Next filing
Sep 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNRV Common Stock Award +955K 955K Jul 1, 2021 By Trust F1
transaction UNRV Common Stock Award +19.3M 19.3M Jul 1, 2021 By Alpha West Holdings, Inc. F1, F3

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 UNRV Warrant (Right to Buy) Award +481K 481K Jul 1, 2021 Common Stock 481K $0.01 By Trust F2
transaction UNRV Warrant (Right to Buy) Award +2.56M 2.56M Jul 1, 2021 Common Stock 2.56M $0.01 By Trust F2
transaction UNRV Warrant (Right to Buy) Award +481K 481K Jul 1, 2021 Common Stock 481K $0.19 By Trust F2
transaction UNRV Warrant (Right to Buy) Award +577K 577K Jul 1, 2021 Common Stock 577K $0.01 By Trust F2
transaction UNRV Warrant (Right to Buy) Award +577K 577K Jul 1, 2021 Common Stock 577K $0.19 By Trust F2
transaction UNRV Warrant (Right to Buy) Award +981K 981K Jul 1, 2021 Common Stock 981K $0.01 By Alpha West Holdings, Inc. F2, F3
transaction UNRV Warrant (Right to Buy) Award +808K 808K Jul 1, 2021 Common Stock 808K $0.01 By Alpha West Holdings, Inc. F2, F3
transaction UNRV Warrant (Right to Buy) Award +981K 981K Jul 1, 2021 Common Stock 981K $0.19 By Alpha West Holdings, Inc. F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's common stock acquired by the Reporting Person 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 was converted into the right to receive 1.5386 shares of the Issuer's common stock (the "Exchange Ratio").
F2 Represents UMBRLA warrants held by the Reporting Person that were assumed by the Issuer in the Merger and 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.
F3 Represents securities held by Alpha West Holdings, Inc., of which the Reporting Person is a stockholder. The Reporting Person disclaims beneficial ownership of these securities except to the extent of the Reporting Person's pecuniary interest therein.