John Michael Fowle JR - Dec 21, 2021 Form 4 Insider Report for Akerna Corp. (KERN)

Role
CFO
Signature
/s/ John Michael Fowle Jr.
Stock symbol
KERN
Transactions as of
Dec 21, 2021
Transactions value $
-$19,274
Form type
4
Date filed
1/11/2022, 10:38 AM
Previous filing
Jan 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KERN Common Shares Options Exercise +18.2K +116.1% 33.8K Dec 21, 2021 Direct F1, F2
transaction KERN Common Shares Options Exercise +5K +14.77% 38.8K Dec 21, 2021 Direct F2, F3
transaction KERN Common Shares Tax liability -$19.3K -9.64K -24.81% $2.00 29.2K Dec 21, 2021 Direct

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 KERN Restricted Stock Units Options Exercise $0 -18.2K -33.33% $0.00 36.4K Dec 21, 2021 Common Shares 18.2K Direct F1, F2
transaction KERN Restricted Stock Units Options Exercise $0 -5K -25% $0.00 15K Dec 21, 2021 Common Shares 5K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units were granted on December 17, 2019, and vest as follows: 18,182 on December 17, 2020; 18,182 on December 17, 2021; 18,182 on December 17, 2022; and 18,181 on December 17, 2023. Settlement of vested RSUs will occur as soon as administratively feasible following the applicable vesting date.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F3 The restricted stock units were granted on April 26, 2021, and vest as follows: 1/4 on December 1, 2021; 1/4 on December 1, 2022; 1/4 on December 1, 2023; and 1/4 on December 1, 2024. Settlement of vested RSUs will occur as soon as administratively feasible following the applicable vesting date.