Filippo Caldini - Mar 30, 2022 Form 4 Insider Report for Acreage Holdings, Inc. (ACRHF)

Role: Chief Executive Officer
Signature: /s/ Jessica S. Lochmann, Attorney-in-Fact for Filippo Caldini
Stock symbol: ACRHF
Transactions as of: Mar 30, 2022
Transactions value $: -$81,583
Form type: 4
Date filed: 4/1/2022, 04:36 PM
Next filing: Apr 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACRHF	Common Stock - Class D Subordinate Voting Shares	Sale	-$47.8K	-33K	-11.01%	$1.45^*	267K	Mar 30, 2022	Direct	F1
transaction	ACRHF	Common Stock - Class E Subordinate Voting Shares	Sale	-$33.2K	-18.5K	-4.06%	$1.80^*	437K	Mar 30, 2022	Direct	F1
transaction	ACRHF	Common Stock - Class E Subordinate Voting Shares	Sale	-$546	-312	-0.07%	$1.75^*	437K	Mar 31, 2022	Direct	F1

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)						241K	Mar 30, 2022	Common Stock - Class D Subordinate Voting Shares	241K	$2.05	Direct	F2
holding	ACRHF	Stock Option (Right to Buy)						367K	Mar 30, 2022	Common Stock - Class E Subordinate Voting Shares	367K	$3.15	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Shares sold to pay taxes applicable to vesting of restricted stock units.
F2	58,537 vest one third on the first three anniversary dates of the date of grant. 36,585 vest immediately upon the Committee's determination that Acreage achieved 100% or more of the Consolidated Adj. EBTIDA Target for its fiscal 2022 year. 146,342 are subject to performance-based vesting under which 50% of the Award will vest if the Board determines that the Company achieved at least 90% of the Consolidated Adjusted EBITDA Target for its fiscal 2021 year and 50% of the Award will be subject to performance-based vesting under which 50% of the Award will vest if the Board determines that the Company achieved at least 90% of the Consolidated Adjusted EBITDA Target for its fiscal 2022 year.
F3	88,889 vest one third on the first three anniversary dates of the date of grant. 55,556 vest immediately upon the Committee's determination that Acreage achieved 100% or more of the Consolidated Adj. EBTIDA Target for its fiscal 2022 year. 222,222 are subject to performance-based vesting under which 50% of the Award will vest if the Board determines that the Company achieved at least 90% of the Consolidated Adjusted EBITDA Target for its fiscal 2021 year and 50% of the Award will be subject to performance-based vesting under which 50% of the Award will vest if the Board determines that the Company achieved at least 90% of the Consolidated Adjusted EBITDA Target for its fiscal 2022 year.