Kevin P. Murphy - 01 Oct 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: 01 Oct 2021
Net transactions value: +$36,096
Form type: 4
Filing time: 04 Oct 2021, 15:18:53 UTC
Previous filing: 26 Aug 2021
Next filing: 04 Jan 2022
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	$36,096	+16,000	+1.4%	$2.26^*	1,192,687	01 Oct 2021	Direct	F1, F2
holding	ACRHF	Common Stock - Class D Subordinate Voting Shares						670,982	01 Oct 2021	Direct
holding	ACRHF	Common Stock - Class D Subordinate Voting Shares						195,000	01 Oct 2021	By Murphy Capital, LLC
holding	ACRHF	Common Stock - Class E Subordinate Voting Shares						455,000	01 Oct 2021	By Murphy Capital, LLC
holding	ACRHF	Common Stock - Class D Subordinate Voting Shares						1,162,224	01 Oct 2021	By Kevin Murphy 2018 Annuity Trust
holding	ACRHF	Common Stock - Class E Subordinate Voting Shares						2,711,856	01 Oct 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	01 Oct 2021	Common Stock - Class D Subordinate Voting Shares	19,512	$2.05	Direct	F3
holding	ACRHF	Common Units of High Street Capital Partners, LLC						15,957,908	01 Oct 2021	See Footnote	15,957,908		Direct	F4

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

Explanation of Responses:

Id	Content
F1	This purchase occurred as part of a privately negotiated transaction accomplished through a private sale of shares to Mr. Murphy, with the terms of the sale being agreed to in principle between the parties during August 2021.
F2	The price is based on the closing price of the shares on the OTC on October 1, 2021.
F3	Options vest ratably over the subsequent four quarters.
F4	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.