Nichole Lee Upshaw - Dec 1, 2022 Form 3 Insider Report for Jushi Holdings Inc. (JUSHF)

Role: Chief People Officer
Signature: /s/ Nichole Lee Upshaw
Stock symbol: JUSHF
Transactions as of: Dec 1, 2022
Transactions value $: $0
Form type: 3
Date filed: 12/12/2022, 04:03 PM
Next filing: May 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	JUSHF	Subordinate Voting Shares						125K	Dec 1, 2022	Direct	F1

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	JUSHF	Stock Option (right to buy)							Dec 1, 2022	Subordinate Voting Shares	50K	$1.80	Direct
holding	JUSHF	Stock Option (right to buy)							Dec 1, 2022	Subordinate Voting Shares	600K	$3.91	Direct	F2
holding	JUSHF	Stock Option (right to buy)							Dec 1, 2022	Subordinate Voting Shares	320K	$1.93	Direct	F3

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

Explanation of Responses:

Id	Content
F1	30,865 of the Subordinate Voting Shares are restricted and vest on Sept. 22, 2023.
F2	500,000 of this Option will vest as to 20% of the total number of Shares subject to the Option on each yearly anniversary after the Vesting Commencement Date (5/1/2021), subject to continuous service. 100,000 of this Option will vest as to 33 1/3% of the total number of Shares subject to the Option on each yearly anniversary after the Vesting Commencement Date (5/1/2021), subject to continuous service.
F3	This Option will vest as to 33 1/3% of the total number of Shares subject to the Option on each yearly anniversary after the Vesting Commencement Date (5/1/2022), subject to continuous service.