Mark Neal Barnard - Oct 1, 2021 Form 4 Insider Report for HARVEST HEALTH & RECREATION INC. (HRVSF)

Role
Director
Signature
/s/ Allison McBride, Attorney-in-fact
Stock symbol
HRVSF
Transactions as of
Oct 1, 2021
Transactions value $
$0
Form type
4
Date filed
10/5/2021, 07:31 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRVSF Subordinate Voting Shares Disposed to Issuer -217K -100% 0 Oct 1, 2021 Direct F1
transaction HRVSF Subordinate Voting Shares Disposed to Issuer -56.8K -100% 0 Oct 1, 2021 Direct F2, F3

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 HRVSF Stock Options Disposed to Issuer -150K -100% 0 Oct 1, 2021 Subordinate Voting Shares 150K $10.20 Direct F4, F5
transaction HRVSF Restricted Stock Units Disposed to Issuer -69.4K -100% 0 Oct 1, 2021 Subordinate Voting Shares 69.4K Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the Arrangement Agreement, dated as of May 10, 2021 (the "Arrangement Agreement"), between Harvest Health and Recreation Inc. ("Harvest") and Trulieve Cannabis Corp. ("Trulieve") in exchange for 25,348 subordinate voting shares of Trulieve having a market value of CAD$35.20 per share on the effective date of the arrangement transaction, which market value represents the closing price of the Trulieve shares as of the close of trading on the Canadian Stock Exchange as of such effective date.
F2 Shares held by reporting person in joint account with spouse.
F3 Disposed of pursuant to the Arrangement Agreement in exchange for 6,645 subordinate voting shares of Trulieve having a market value of CAD$35.20 per share on the effective date of the arrangement transaction, which market value represents the closing price of the Trulieve shares as of the close of trading on the Canadian Stock Exchange as of such effective date.
F4 Exercise price is denominated and reported in Canadian dollars.
F5 The stock options were granted on March 13, 2019 and vest in four equal annual installments beginning on March 13, 2020. Adjusted pursuant to the Arrangement Agreement resulting in an option to receive 17,550 subordinate voting shares of Trulieve with an exercise price of CAD$87.18 per share.
F6 By their terms, the Restricted Stock Units were scheduled to vest 100% on 12/31/2021. Each Restricted Stock Unit represents a contingent right to receive one subordinate voting share of Harvest. Adjusted pursuant to the Arrangement Agreement resulting in a contingent right to receive 6,099 subordinate voting shares of Trulieve having a market value of CAD$35.20 per share on the effective date of the arrangement transaction, which market value represents the closing price of the Trulieve shares as of the close of trading on the Canadian Stock Exchange as of such effective date.