Matthew S. Cohen - 01 Jan 2023 Form 3 Insider Report for Flora Growth Corp. (FLGC)

Role: General Counsel
Signature: /s/ Matthew Cohen
Issuer symbol: FLGC
Transactions as of: 01 Jan 2023
Net transactions value: $0
Form type: 3
Filing time: 03 Jan 2023, 15:14:10 UTC
Next filing: 19 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	FLGC	Common Shares						419,756	01 Jan 2023	Direct	F1, F2

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	FLGC	Options (Right to Buy)							01 Jan 2023	Common Shares	50,000	$6.90	Direct	F3
holding	FLGC	Options (Right to Buy)							01 Jan 2023	Common Shares	105,000	$2.04	Direct	F3
holding	FLGC	Options (Right to Buy)							01 Jan 2023	Common Shares	50,000	$1.48	Direct	F3
holding	FLGC	Options (Right to Buy)							01 Jan 2023	Common Shares	183,673	$0.6700	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These Common Shares contain restricted share grants to the Reporting Person by the issuer as further described in footnote (2) below.
F2	The Common Shares reported include the following Restricted Common Shares (i) 102,040 shares which vest on July 5, 2023, (ii) 126,865 shares which vest on July 5, 2024 and (iii) 180,851 shares which vest on July 5, 2025.
F3	These options are immediately exercisable.
F4	These options shall vest if (i) the total shareholder return of the Issuer's Common Shares on the Nasdaq Capital Market exceeds the total shareholder return on the ETFMG Alternative Harvest ETF for the 12 months ended December 31, 2023, which shall be measured on December 31, 2023 or (ii) the total shareholder return of the Issuer's Common Shares on the Nasdaq Capital Market exceeds the total shareholder return on the ETFMG Alternative Harvest ETF for the 12 months ended December 31, 2024, which shall be measured on December 31, 2024.