Filippo Caldini - Apr 8, 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: Apr 8, 2022
Transactions value $: -$51,338
Form type: 4
Date filed: 4/12/2022, 04:43 PM
Previous filing: Apr 1, 2022
Next filing: Jul 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACRHF	Common Stock - Class E Subordinate Voting Shares	Sale	-$51.3K	-31.3K	-7.18%	$1.64^*	405K	Apr 8, 2022	Direct	F1
holding	ACRHF	Common Stock - Class D Subordinate Voting Shares						267K	Apr 8, 2022	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
holding	ACRHF	Stock Option (Right to Buy)						241K	Apr 8, 2022	Common Stock - Class D Subordinate Voting Shares	241K	$2.05	Direct	F2
holding	ACRHF	Stock Option (Right to Buy)						367K	Apr 8, 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.