Brian Shure - Jan 1, 2022 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

Role
Chief Financial Officer, Director
Signature
/s/ Brian K. Shure
Stock symbol
LOWLF
Transactions as of
Jan 1, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 08:56 PM
Previous filing
Sep 1, 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 +25K +71.89% $0.00 59.8K Jan 1, 2022 Direct
holding LOWLF Subordinate Voting Shares 1.88M Jan 1, 2022 see footnote F1
holding LOWLF Subordinate Voting Shares 824K Jan 1, 2022 see footnote F2
holding LOWLF Subordinate Voting Shares 185K Jan 1, 2022 see footnote F3
holding LOWLF Subordinate Voting Shares 300K Jan 1, 2022 see footnote F4

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 -25K -33.33% $0.00 50K Jan 1, 2022 Subordinate Voting Shares 25K Direct F5, F6
holding LOWLF Options 300K Jan 1, 2022 Subordinate Voting Shares 300K $1.35 Direct F7
holding LOWLF Warrants (right to buy) 91K Jan 1, 2022 Subordinate Voting Shares 91K $1.81 see footnote F1, F8
holding LOWLF Warrants (right to buy) 850K Jan 1, 2022 Subordinate Voting Shares 850K $1.40 see footnote F1
holding LOWLF Warrants (right to buy) 200K Jan 1, 2022 Subordinate Voting Shares 200K $1.40 see footnote F2
holding LOWLF Warrants (right to buy) 50K Jan 1, 2022 Subordinate Voting Shares 50K $1.40 see footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held by Ambrose Capital Holdings, LP. Mr. Shure is the President of Ambrose Capital Partners, LLC, which is the general partner of Ambrose Capital Holdings, LP. Mr. Shure disclaims beneficial ownership of the securities held by Ambrose Capital Holdings, LP except to the extent of his pecuniary interest therein.
F2 Held by AMTG Holdings, LLLP. Mr. Shure is the President of AMTG Management, Inc., which is the general partner of AMTG Holdings, LLLP. The shares reflected in Table I have been adjusted to reflect shares that were inadvertently omitted from Mr. Shure's Form 3. Mr. Shure disclaims beneficial ownership of the securities held by AMTG Holdings, LLLP except to the extent of his pecuniary interest therein.
F3 Held by HSK Holdings, LLC. Mr. Shure is the Managing Member of HSK Holdings, LLC. The shares reflected in Table I have been adjusted to reflect shares that were inadvertently omitted from Mr. Shure's Form 3. Mr. Shure disclaims beneficial ownership of the securities held by HSK Holdings, LLC except to the extent of his pecuniary interest therein.
F4 Held by the Brian K. Shure Charitable Lead Annuity Trust, of which the reporting person is the trustee and of which the reporting person's three children are the beneficiaries.
F5 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one Subordinate Voting Share on the vesting date.
F6 The RSUs vest in three equal annual installments beginning on January 1, 2022.
F7 112,500 of the options were vested and exercisable as of November 9, 2021. The remaining options vest and become exercisable in three equal annual installments beginning on November 9, 2022.
F8 The exercise price was converted from $2.20 CAD using the closing rate of exchange of the Bank of Canada on May 7, 2021. The actual exercise price is the Canadian dollar amount regardless of the exchange rate on the date of exercise.