Parallax Volatility Advisers, L.P. - 17 May 2021 Form 3 Insider Report for MedMen Enterprises, Inc.

Role: 10%+ Owner
Signature: Easton Chen, Chief Compliance Officer of Parallax Volatility Advisers, L.P.
Issuer symbol: N/A
Transactions as of: 17 May 2021
Net transactions value: $0
Form type: 3
Filing time: 27 May 2021, 15:56:14 UTC
Previous filing: 17 May 2021
Next filing: 19 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MMNFF	Class B Subordinate Voting Shares						31,250,000	17 May 2021	See Notes 1 and 2	F1, 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	MMNFF	Warrants							17 May 2021	Class B Subordinate Voting Shares	32,701,112	$0.1529	See Notes 1 and 2	F1, F2
holding	MMNFF	Senior Secured Convertible Note							17 May 2021	Class B Subordinate Voting Shares	36,781,522	$0.1529	See Notes 1 and 2	F1, F2, F3
holding	MMNFF	Warrants							17 May 2021	Class B Subordinate Voting Shares	31,250,000	$0.3520	See Notes 1 and 2	F1, F2

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

Explanation of Responses:

Id	Content
F1	The filing persons (the "Filers") are Parallax Volatility Advisers, L.P. ("PVA"), Parallax Partners, LLC (the "GP"), Parallax Master Fund, L.P. (the "Master Fund"), S. Daniel Hutchison and William F. Bartlett. PVA and the GP are the investment adviser and general partner, respectively, of investment funds, including the Master Fund (the "Funds"). Mr. Hutchison and Mr. Bartlett are the managers and control persons of PVA and the GP. The securities are held directly by the Funds for the benefit of their investors and are indirectly beneficially owned by PVA and the GP as the investment adviser and general partner, respectively, of the Funds, and by Mr. Hutchison and Mr. Bartlett as PVA's and the GP's control persons. PVA is filing this Form 3 for itself and the other Filers.
F2	The Filers are filing this Form 3 jointly, but not as a group, and each expressly disclaims membership in a group within the meaning of Rule 13d-5(b) under the Securities Exchange Act of 1934, as amended. Each Filer disclaims beneficial ownership of these securities except to the extent of that Filer's pecuniary interest therein.
F3	This represents the number of Class B Subordinate Voting Shares issuable on conversion of the outstanding principal amount of the Note. The ultimate number of shares issuable on conversion may vary based on the accrued interest payable on the Note at the time of conversion.