Nina Simosko - Dec 21, 2021 Form 4 Insider Report for Akerna Corp. (KERN)

Role
Chief Revenue Officer
Signature
/s/ John Michael Fowle Jr. as attorney-in-fact for Nina Simosko
Stock symbol
KERN
Transactions as of
Dec 21, 2021
Transactions value $
-$30,230
Form type
4
Date filed
1/13/2022, 02:11 PM
Previous filing
Jan 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KERN Common Shares Options Exercise +31.3K +120.19% 57.3K Dec 21, 2021 Direct F1
transaction KERN Common Shares Options Exercise +5K +8.72% 62.3K Dec 21, 2021 Direct F1
transaction KERN Common Shares Tax liability -$30.2K -15.1K -24.25% $2.00 47.2K 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 -31.3K -33.33% $0.00 62.6K Dec 21, 2021 Common Shares 31.3K Direct F1, F2
transaction KERN Restricted Stock Units Options Exercise $0 -5K -25% $0.00 15K Dec 21, 2021 Common Shares 5K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of KERN common stock.
F2 The restricted stock units were granted on October 7, 2019, and vest as follows: 1/4 on October 7, 2020; 1/4 on October 7, 2021; 1/4 on October 7, 2022; and 1/4 on October 7, 2023; provided that the RSUs shall vest immediately upon a change in control. Settlement of vested RSUs will occur as soon as administratively feasible following the applicable vesting date.
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; provided that the RSUs shall vest immediately upon a change in control. Settlement of vested RSUs will occur as soon as administratively feasible following the applicable vesting date.