Timothy Shaw - Oct 1, 2021 Form 4 Insider Report for MARIMED INC. (MRMD)

Signature
/s/ Timothy Shaw
Stock symbol
MRMD
Transactions as of
Oct 1, 2021
Transactions value $
$0
Form type
4
Date filed
10/5/2021, 04:06 PM
Previous filing
Jul 13, 2021
Next filing
Oct 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MRMD Common stock 7.85M Oct 1, 2021 Direct
holding MRMD Common stock 2M Oct 1, 2021 By the Shaw 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 +1.25M 1.25M Oct 1, 2021 Common Stock, par value $.001 per share 1.25M $0.90 Direct F2, F3
holding MRMD Option to buy common stock 1.25M Oct 1, 2021 Common Stock, par value $.001 per share 1.25M $0.88 Direct F4
holding MRMD Option to buy common stock 50K Oct 1, 2021 Common Stock, par value $.001 per share 50K $0.30 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person's spouse is the trustee of the trust and the shares held in the trust are for the benefit of the reporting person's children. The trust is an irrevocable trust. 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 July 9, 2021 and 100% of the shares on or after July 9, 2022
F5 Immediately.