Matthew Ryan Kane - Oct 7, 2019 Form 4/A - Amendment Insider Report for Akerna Corp. (KERN)

Role: Director
Signature: /s John Michael Fowle Jr. as attorney-in-fact for Matthew Ryan Kane
Stock symbol: KERN
Transactions as of: Oct 7, 2019
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 4/5/2022, 11:54 AM
Date Of Original Report: Oct 9, 2019
Next filing: Oct 13, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KERN	Common Shares	Other		-109K	-29.41%		261K	Sep 18, 2019	Seam Capital, LLC	F1, F4, F5

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		+532			532	Oct 7, 2019	Common Stock, par value $0.0001	532		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Represents the liquidating distribution of all of the shares of common stock of the Company held by Jud Wiebe Fund, LLC to its underlying beneficial owners. Mr. Kane was the manager of Jud Wiebe Fund, LLC and had voting and dispositive control with respect to the common stock owned by Jud Wiebe Fund, LLC prior to the liquidating distribution of such shares. Mr. Kane disclaims beneficial ownership in the shares of common stock except to the extent of his pecuniary interest therein.
F2	Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Akerna Corp. (the "Company"). The Company may also elect to settle the vested RSUs in cash or stock, in the Company's sole discretion.
F3	Mr. Kane was granted 532 RSUs under the Akerna Corp. 2019 Long Term Incentive Plan (the "Plan"). The RSUs will vest as follows: 133 of the RSUs vested immediately on October 7, 2019; 133 shall vest on December 31, 2019; 133 shall vest on March 31, 2020; and 133 shall vest on June 30, 2020; provided that the RSUs shall vest immediately upon a Change in Control. Subject to Mr. Kane's continued employment with the Company, the RSUs shall be settled on the final vesting date. All capitalized but undefined terms have the meanings ascribed thereto by the Plan.
F4	Mr. Kane is the manager of Seam Capital, LLC and has voting and dispositive control with respect to the common stock owned by Seam Capital, LLC. Mr. Kane disclaims beneficial ownership in the shares of common stock except to the extent of his pecuniary interest therein.
F5	This amendment is being filed to correct the total non-derivative securities held following the 9/18/2019 transaction, erroneously reported on the original Form 4 filed 10/9/2019.