Cecil Ray Thompson JR - Feb 18, 2022 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
Feb 18, 2022
Transactions value $
$0
Form type
4
Date filed
4/8/2022, 03:21 PM
Previous filing
Jan 14, 2022
Next filing
Dec 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KERN Common Shares Options Exercise +6.68K +12.35% 60.8K Feb 18, 2022 Direct F1
transaction KERN Common Shares Options Exercise +6.25K +10.28% 67K Feb 18, 2022 Direct F1
transaction KERN Common Shares Tax liability -4.42K -6.6% 62.6K Feb 18, 2022 Direct F1, F2

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 -6.68K -50% $0.00 6.68K Feb 18, 2022 Common Shares 6.68K Direct F1, F3
transaction KERN Restricted Stock Units Options Exercise $0 -6.25K -50% $0.00 6.25K Feb 18, 2022 Common Shares 6.25K Direct F1, F4
* 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 Represents shares withheld for tax purposes on settlement of RSUs.
F3 The RSUs were granted on October 14, 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 RSUs were granted on January 18, 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.