Cecil Ray Thompson JR - Apr 26, 2021 Form 4 Insider Report for Akerna Corp. (KERN)

Role
Chief Operating Officer, 10%+ Owner
Signature
/s/ John Michael Fowle Jr. as attorney-in-fact for Cecil Ray Thompson JR
Stock symbol
KERN
Transactions as of
Apr 26, 2021
Transactions value $
-$26,753
Form type
4
Date filed
1/14/2022, 02:21 PM
Previous filing
Jan 14, 2022
Next filing
Jan 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KERN Common Shares Options Exercise +2.5K +6.78% 39.4K Aug 4, 2021 Direct F1
transaction KERN Common Shares Options Exercise +6.68K +16.97% 46K Aug 4, 2021 Direct F1
transaction KERN Common Shares Options Exercise +6.25K +13.57% 52.3K Aug 4, 2021 Direct F1
transaction KERN Common Shares Options Exercise +5K +9.56% 57.3K Aug 4, 2021 Direct F1
transaction KERN Common Shares Tax liability -$26.8K -8.11K -14.15% $3.30* 49.2K Aug 4, 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 Award $0 +20K $0.00 20K Apr 26, 2021 Common Shares 20K Direct F1, F2
transaction KERN Restricted Stock Units Options Exercise $0 -2.5K -33.33% $0.00 5K Aug 4, 2021 Common Shares 2.5K Direct F1, F3
transaction KERN Restricted Stock Units Options Exercise $0 -6.68K -33.33% $0.00 13.4K Aug 4, 2021 Common Shares 6.68K Direct F1, F4
transaction KERN Restricted Stock Units Options Exercise $0 -6.25K -33.33% $0.00 12.5K Aug 4, 2021 Common Shares 6.25K Direct F1, F5
transaction KERN Restricted Stock Units Options Exercise $0 -5K -25% $0.00 15K Aug 4, 2021 Common Shares 5K Direct F1, F6
* 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 the Issuer's common stock.
F2 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.
F3 The restricted stock units were granted on October 17, 2019, and vest as follows: 1/4 on January 1, 2020; 1/4 on January 1, 2021; 1/4 on January 1, 2022; and 1/4 on January 1, 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.
F4 The restricted stock units were granted on October 24, 2019, and vest as follows: 1/4 on January 1, 2020; 1/4 on January 1, 2021; 1/4 on January 1, 2022; and 1/2 on January 1, 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.
F5 The restricted stock units were granted on January 28, 2020, and vest as follows: 1/4 on January 1 2020; 1/4 on January 1, 2021; 1/4 on January 1, 2022; and 1/4 on January 1, 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.
F6 The restricted stock units were granted on September 4, 2020 and vest as follows: 1/4 on July 1, 2021; 1/4 on July 1, 2022; 1/4 on July 1, 2023; and 1/4 on July 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.