Stephanie Harkness - Dec 31, 2021 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

Role
Director
Signature
/s/ Stephanie Harkness
Stock symbol
LOWLF
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 08:29 PM
Previous filing
May 10, 2021
Next filing
Jan 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOWLF Subordinate Voting Shares Options Exercise $0 +75K +125% $0.00 135K Dec 31, 2021 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
transaction LOWLF Restricted Stock Units Options Exercise $0 -75K -100% $0.00* 0 Dec 31, 2021 Subordinate Voting Shares 75K Direct F1, F2
holding LOWLF Stock options (right to buy) 10K Dec 31, 2021 Subordinate Voting Shares 10K $2.03 Direct
holding LOWLF Class B Common Shares 811K Dec 31, 2021 Subordinate Voting Shares 811K Direct F3
holding LOWLF Class B Common Shares 190K Dec 31, 2021 Subordinate Voting Shares 190K By Harkness Family Trust F3, F4
holding LOWLF Warrants (right to buy Class B Common Shares) 155K Dec 31, 2021 Subordinate Voting Shares 155K $2.03 Direct F3
holding LOWLF Warrants (right to buy Class B Common Shares) 22.5K Dec 31, 2021 Subordinate Voting Shares 22.5K $1.02 Direct F3
holding LOWLF Warrants (right to buy Class B Common Shares) 246K Dec 31, 2021 Subordinate Voting Shares 246K $2.03 By Harkness Family Trust F4
holding LOWLF Class B Common Shares 483K Dec 31, 2021 Subordinate Voting Shares 483K By Immediate Family Member F3, F5
* 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 Subordinate Voting Share on the vesting date.
F2 The RSUs vested on December 31, 2021.
F3 Class B Common Shares of Indus Holding Company ("Class B Common Shares") may be redeemed at the option of the holder for Subordinate Voting Shares of the issuer on a one-for-one basis or, at the option of Indus Holding Company, for the cash equivalent of such Subordinate Voting Shares, as determined in accordance with the certificate of incorporation of Indus Holding Company. Class B Common Shares may be redeemed at any time and have no expiration date.
F4 Ms. Harkness disclaims beneficial ownership of the Class B Common Shares and warrants held by the Harkness Family Trust except to the extent of her pecuniary interest therein.
F5 The shares are held of record by Ms. Harkness's spouse. Ms. Harkness disclaims beneficial ownership of such shares.