Kevin P. Murphy - 11 Aug 2021 Form 4 Insider Report for Acreage Holdings, Inc.

Role: Director, 10%+ Owner
Signature: /s/ Jessica S. Lochmann, Attorney-in-Fact for Kevin P. Murphy
Issuer symbol: N/A
Transactions as of: 11 Aug 2021
Net transactions value: +$76,734
Form type: 4
Filing time: 13 Aug 2021, 12:03:22 UTC
Next filing: 17 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACRHF	Common Stock - Class E Subordinate Voting Shares	Purchase	$31,250	+10,000	+0.89%	$3.12^*	1,133,909	11 Aug 2021	Direct
transaction	ACRHF	Common Stock - Class E Subordinate Voting Shares	Purchase	$45,484	+15,000	+1.3%	$3.03^*	1,148,909	12 Aug 2021	Direct	F1
holding	ACRHF	Common Stock - Class D Subordinate Voting Shares						650,982	11 Aug 2021	Direct
holding	ACRHF	Common Stock - Class D Subordinate Voting Shares						195,000	11 Aug 2021	By Murphy Capital, LLC
holding	ACRHF	Common Stock - Class E Subordinate Voting Shares						455,000	11 Aug 2021	By Murphy Capital, LLC
holding	ACRHF	Common Stock - Class D Subordinate Voting Shares						1,162,224	11 Aug 2021	By Kevin Murphy 2018 Annuity Trust
holding	ACRHF	Common Stock - Class E Subordinate Voting Shares						2,711,856	11 Aug 2021	By Kevin Murphy 2018 Annuity Trust

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	ACRHF	Stock Option (Right to Buy)						19,512	11 Aug 2021	Common Stock - Class D Subordinate Voting Shares	19,512	$2.05	Direct	F2
holding	ACRHF	Common Units of High Street Capital Partners, LLC						15,957,908	11 Aug 2021	See Footnote	15,957,908		Direct	F3

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. The prices actually received ranged from $3.00 to $3.03. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
F2	Options vest ratably over the subsequent four quarters.
F3	These Units are convertible into 0.7 of a Class E subordinate voting share and 0.3 of a Class D subordinate voting share or the cash equivalent thereof at the option of Acreage Holdings, Inc. as set forth in the High Street Capital Partners, LLC Third Amended and Restated Operating Agreement.