Jon R. Levine - Mar 7, 2023 Form 4 Insider Report for MARIMED INC. (MRMD)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ Jon R. Levine
Stock symbol
MRMD
Transactions as of
Mar 7, 2023
Transactions value $
$0
Form type
4
Date filed
3/14/2023, 04:42 PM
Previous filing
Oct 31, 2022
Next filing
May 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MRMD Common stock 20M Mar 7, 2023 Direct
holding MRMD Common stock 6.68M Mar 7, 2023 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 Restricted Stock Units (RSU) Award $0 +140K $0.00 140K Mar 7, 2023 Common Stock, par value $.001 per share 140K Direct F2, F3
holding MRMD Restricted Stock Units (RSU) 833K Mar 7, 2023 Common Stock, par value $.001 per share 833K Direct F2, F4
holding MRMD Option to buy common stock 5M Mar 7, 2023 Common Stock, par value $.001 per share 5M $0.90 Direct F5
holding MRMD Option to buy common stock 5M Mar 7, 2023 Common Stock, par value $.001 per share 5M $0.88 Direct F5
* 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 The RSUs were granted to the Reporting person in accordance with rule 16b-3(d) of the Securities Exchange Act of 1934, as amended. Each RSU represents a contingent right to receive one share of the Issuer's common stock. RSUs convert to common stock on a one-for-one basis.
F3 The RSUs vest over a three year period of which 46,667 RSUs will vest on March 7, 2024 and thereafter, 23,333 RSUs will vest every succeeding six (6) months through March 7, 2026, on each of September 7th and March 7th, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.
F4 The RSUs vest over a three year period in equal one-sixth installments every six months following the October 27, 2022 grant date, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.
F5 Immediately.