Jon R. Levine - 28 Dec 2021 Form 4 Insider Report for MARIMED INC. (MRMD)

Role
CFO, Treasurer and Secretary, Director
Signature
/s/ Jon R. Levine
Issuer symbol
MRMD
Transactions as of
28 Dec 2021
Net transactions value
-$2,554
Form type
4
Filing time
14 Jan 2022, 15:20:17 UTC
Previous filing
05 Oct 2021
Next filing
31 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRMD Common stock Options Exercise $63,000 +100,000 +0.5% $0.6300 20,085,343 28 Dec 2021 Direct
transaction MRMD Common stock Tax liability $65,554 -76,226 -0.38% $0.8600 20,012,117 28 Dec 2021 Direct
holding MRMD Common stock 6,684,640 28 Dec 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 Options Exercise $0 -100,000 -100% $0.000000* 0 28 Dec 2021 Common Stock, par value $.001 per share 100,000 $0.6300 Direct F2
holding MRMD Option to buy common stock 5,000,000 28 Dec 2021 Common Stock, par value $.001 per share 5,000,000 $0.8980 Direct F2
holding MRMD Option to buy common stock 5,000,000 28 Dec 2021 Common Stock, par value $.001 per share 5,000,000 $0.8800 Direct F3
* 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 Immediately.
F3 Exercisable to acquire 50% of the underlying shares on the July 9, 2021 and 100% of the shares on or after July 9, 2022.