Elroy Sailor - Oct 1, 2021 Form 4 Insider Report for HARVEST HEALTH & RECREATION INC. (HRVSF)

Role
Chief Strategy Officer, 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, 07:43 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRVSF Subordinate Voting Shares Disposed to Issuer -86.7K -100% 0 Oct 1, 2021 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 HRVSF Stock Options Disposed to Issuer -150K -100% 0 Oct 1, 2021 Subordinate Voting Shares 150K $10.20 Direct F2, F3
transaction HRVSF Stock Options Disposed to Issuer -750K -100% 0 Oct 1, 2021 Subordinate Voting Shares 750K $4.07 Direct F2, F4
* 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. and Trulieve Cannabis Corp. ("Trulieve") in exchange for 10,146 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 Exercise price is denominated and reported in Canadian dollars.
F3 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.
F4 The stock options were granted on January 9, 2020 and vest in four equal annual installments beginning on January 9, 2021. Adjusted pursuant to the Arrangement Agreement resulting in an option to receive 87,750 subordinate voting shares of Trulieve with an exercise price of CAD$34.79 per share.