Paris Balaouras - 31 Dec 2020 Form 5 Insider Report for MJ Holdings, Inc.

Role: Chief Cultivation Officer, Director, 10%+ Owner
Signature: /s/ Paris Balaouras
Issuer symbol: MJNE on OTC
Transactions as of: 31 Dec 2020
Net transactions value: +$375,000
Form type: 5
Filing time: 09 Jun 2021, 15:14:11 UTC
Next filing: 15 Sep 2021
SEC: View on sec.gov

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	F1

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

Explanation of Responses:

Id	Content
F1	Explanation of Responses: (1) On September 15, 2020, Mr. Balaouras was granted an option to purchase 500,000 shares of the Company's common stock as per the terms of his Employment Agreement (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

Explanation of Responses: (1) On September 15, 2020, Mr. Balaouras was granted an option to purchase 500,000 shares of the Company's common stock as per the terms of his Employment Agreement (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.