Nima Besharat - 12 Oct 2023 Form 3 Insider Report for Pineapple Financial Inc. (PAPL)

Role: Director
Signature: /s/ Nima Besharat
Issuer symbol: PAPL
Transactions as of: 12 Oct 2023
Net transactions value: $0
Form type: 3
Filing time: 24 Jul 2024, 16:15:26 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PAPL	Common Share						25,652	12 Oct 2023	Break Point Ventures Ltd.	F2

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	PAPL	Stock Options							12 Oct 2023	Common Shares	157,136	$3.60	Break Point Ventures Ltd.	F1, F2
holding	PAPL	Warrants							12 Oct 2023	Common Shares	12,820	$2.93	Break Point Ventures Ltd.	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The stock options were issued to the Reporting Person, pursuant to 2022 Omnibus Equity Incentive Compensation Plan on November 3, 2023, the options are exercisable at $3.60 per share and vest over 2 years whereby 25% of the options granted vested on the date of grant, and the remaining unvested options vest in equal installments every 6 months thereafter.
F2	The shares beneficially owned by Break Point Ventures Ltd., an entity controlled by the Reporting Person.