Jon R. Levine - Oct 1, 2021 Form 4 Insider Report for MARIMED INC. (MRMD)

Role
CFO, Treasurer and Secretary, Director
Signature
/s/ Jon R. Levine
Stock symbol
MRMD
Transactions as of
Oct 1, 2021
Transactions value $
$0
Form type
4
Date filed
10/5/2021, 04:05 PM
Previous filing
Jul 13, 2021
Next filing
Jan 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MRMD Common stock 20M Oct 1, 2021 Direct
holding MRMD Common stock 6.68M Oct 1, 2021 By the Jon Levine Family Trust 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 MRMD Option to buy common stock Award +5M 5M Oct 1, 2021 Common Stock, par value $.001 per share 5M $0.90 Direct F2, F3
holding MRMD Option to buy common stock 5M Oct 1, 2021 Common Stock, par value $.001 per share 5M $0.88 Direct F4
holding MRMD Option to buy common stock 100K Oct 1, 2021 Common Stock, par value $.001 per share 100K $0.63 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held in trust for the benefit of the reporting person's spouse and children. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F2 Granted to the reporting person on October 1, 2021 (the "Grant Date"), this option is exercisable to acquire 50% of the underlying shares on the Grant Date and 100% of the shares on or after the one-year anniversary of the Grant Date.
F3 Not applicable.
F4 Exercisable to acquire 50% of the underlying shares on the July 9, 2021 and 100% of the shares on or after July 9, 2022.
F5 Immediately.