Jessica Billingsley - Apr 26, 2021 Form 4 Insider Report for Akerna Corp. (KERN)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ John Michael Fowle Jr. as attorney-in-fact for Jessica Billingsley
Stock symbol
KERN
Transactions as of
Apr 26, 2021
Transactions value $
-$23,162
Form type
4
Date filed
4/5/2022, 11:27 AM
Previous filing
Apr 5, 2022
Next filing
Apr 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KERN Common Shares Award +7.55K +7.2% 112K Apr 26, 2021 Direct F1, F2
transaction KERN Common Shares Options Exercise +2.5K +2.22% 115K Aug 4, 2021 Direct F2
transaction KERN Common Shares Options Exercise +5K +4.35% 120K Aug 4, 2021 Direct F2
transaction KERN Common Shares Tax liability -$20.1K -6.09K -5.08% $3.30* 114K Aug 4, 2021 Direct
transaction KERN Common Shares Options Exercise +5K +4.39% 119K Dec 21, 2021 Direct F2
transaction KERN Common Shares Tax liability -$3.06K -1.53K -1.29% $2.00 117K Dec 21, 2021 Direct
transaction KERN Common Shares Other $0 -12.5K -10.65% $0.00 105K Jan 4, 2022 Direct F6
transaction KERN Common Shares Other $0 +12.5K +1.17% $0.00 1.08M Jan 4, 2022 Jessica Billingsley Living Trust F6, F7

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 F2, F3
transaction KERN Restricted Stock Units Options Exercise $0 -2.5K -33.33% $0.00 5K Aug 4, 2021 Common Shares 2.5K Direct F2, F4
transaction KERN Restricted Stock Units Options Exercise $0 -5K -25% $0.00 15K Aug 4, 2021 Common Shares 5K Direct F2, F5
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 Represents restricted stock unit ("RSU") grant on April 26, 2021, with immediate vesting.
F2 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3 The RSUs were granted on April 26, 2021, and vest as follows: 5,000 on December 1, 2021; 5,000 on December 1, 2022; 5,000 on December 1, 2023; and 5,000 on December 1, 2024.
F4 The RSUs were granted on October 19, 2019, and vest as follows: 2,500 on July 1, 2020; 2,500 on July 1, 2021; 2,500 on July 1, 2022; and 2,500 on July 1, 2023. Settlement of vested RSUs will occur as soon as administratively feasible following the applicable vesting date. (Note: These RSUs were previously reported in Table II with a grant date of February 20, 2020.)
F5 The RSUs were granted on September 4, 2020, and vest as follows: 5,000 on July 1, 2021; 5,000 on July 1, 2022; 5,000 on July 1, 2023; and 5,000 on July 1, 2024. Settlement of vested RSUs will occur as soon as administratively feasible following the applicable vesting date.
F6 Represents exempt transfer of shares from the reporting person to the Jessica Billingsley Living Trust.
F7 The reporting person is the trustee of the Jessica Billingsley Living Trust (the "Trust") and has voting and investment discretion with respect to the shares of common stock held of record by the Trust. The reporting person may have or share beneficial ownership of such shares.