Nigel Prue - Sep 7, 2022 Form 3 Insider Report for SmartKem, Inc. (SMTK)

Role
Chief Accounting Officer
Signature
/s/ Nigel Prue
Stock symbol
SMTK
Transactions as of
Sep 7, 2022
Transactions value $
$0
Form type
3
Date filed
9/8/2022, 08:00 AM

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
holding SMTK Stock Option (right to buy) Sep 7, 2022 Common Stock 50K $2.00 Direct F1
holding SMTK Stock Option (right to buy Sep 7, 2022 Common Stock 25K $2.00 Direct F2
holding SMTK Stock Option (right to buy) Sep 7, 2022 Common Stock 30K $2.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option award was made in accordance with the terms of the Issuer's 2021 Equity Incentive Plan. The option vests as to 25% of the shares on April 28, 2022 with the remaining shares to vest in equal monthly installments over a period of 36 months commencing on May 1, 2022.
F2 The option award was made in accordance with the terms of the Issuer's 2021 Equity Incentive Plan. The option vests as to 25% of the shares on August 2, 2022 with the remaining shares to vest in equal monthly installments over a period of 36 months commencing on September 1, 2022.
F3 The option award was made in accordance with the terms of the Issuer's 2021 Equity Incentive Plan. The option vests as to 25% of the shares on July 8, 2023 with the remaining shares to vest in equal monthly installments over a period of 36 months commencing on July 8, 2023.