Bernard Thomas Moyle - 31 Dec 2020 Form 5 Insider Report for MJ Holdings, Inc.

Role: Chief Financial Officer
Signature: /s/ Bernard Thomas Moyle
Issuer symbol: MJNE on OTC
Transactions as of: 31 Dec 2020
Net transactions value: +$375,000
Form type: 5
Filing time: 01 Jun 2021, 17:15:23 UTC
Next filing: 11 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MJNE	Common stock						528,000	31 Dec 2020	Direct	F1

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	MJNE	Stock option	Award	$375,000	+500,000		$0.7500^*	500,000	15 Sep 2020	Common stock	500,000	$0.7500	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Includes 28,000 shares of common stock purchased by Mr. Moyle in open market transactions from May 28, 2019 to November 17, 2020 at an average price of $0.3415 and 500,000 shares of common stock granted to Mr. Moyle under the terms of his Employment Agreement (the "Agreement") dated September 15, 2020 The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased at each price.
F2	On September 15, 2020, Mr. Moyle was granted an option to purchase 500,000 shares of the Company's common stock as per the terms of the Agreement. The option has an exercise price of $0.75 and expires on the three-year anniversary date of the Agreement. 250,000 shares vested upon execution of the Agreement and 250,000 shares vest at the one-year anniversary of the Agreement.

Content

Includes 28,000 shares of common stock purchased by Mr. Moyle in open market transactions from May 28, 2019 to November 17, 2020 at an average price of $0.3415 and 500,000 shares of common stock granted to Mr. Moyle under the terms of his Employment Agreement (the "Agreement") dated September 15, 2020 The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased at each price.

On September 15, 2020, Mr. Moyle was granted an option to purchase 500,000 shares of the Company's common stock as per the terms of the Agreement. The option has an exercise price of $0.75 and expires on the three-year anniversary date of the Agreement. 250,000 shares vested upon execution of the Agreement and 250,000 shares vest at the one-year anniversary of the Agreement.