Cecil Ray Thompson JR - Oct 21, 2022 Form 4 Insider Report for Akerna Corp. (KERN)

Role: Chief Operating Officer, 10%+ Owner
Signature: /s/ Cecil Ray Thompson Jr.
Stock symbol: KERN
Transactions as of: Oct 21, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/7/2022, 12:43 PM
Previous filing: Apr 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KERN	Common Shares	Options Exercise		+125	+3.99%		3.26K	Oct 21, 2022	Direct	F1, F2
transaction	KERN	Common Shares	Options Exercise		+250	+7.68%		3.51K	Oct 21, 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	-125	-50%	$0.00	125	Oct 21, 2022	Common Shares	125		Direct	F1, F2, F3
transaction	KERN	Restricted Stock Units	Options Exercise	$0	-250	-33.33%	$0.00	500	Oct 21, 2022	Common Shares	250		Direct	F1, F2, F4

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

Explanation of Responses:

Id	Content
F1	The transactions and totals reported herein reflect the Issuer's 20:1 reverse stock split effective as of November 8, 2022.
F2	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F3	The restricted stock units were granted on October 17, 2019, and vest as follows: one-fourth on January 1, 2020; one-fourth on January 1, 2021; one-fourth on January 1, 2022; and one-fourth 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 restricted stock units were granted on September 4, 2020 and vest as follows: one-fourth on July 1, 2021; one-fourth on July 1, 2022; one-fourth on July 1, 2023; and one-fourth on July 1, 2024; 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.