Brian Shure - 01 Jan 2022 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

Role: Chief Financial Officer, Director
Signature: /s/ Brian K. Shure
Issuer symbol: LOWLF
Transactions as of: 01 Jan 2022
Net transactions value: $0
Form type: 4
Filing time: 04 Jan 2022, 20:56:04 UTC
Previous filing: 01 Sep 2021
Next filing: 18 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOWLF	Subordinate Voting Shares	Options Exercise	$0	+25,000	+72%	$0.000000	59,776	01 Jan 2022	Direct
holding	LOWLF	Subordinate Voting Shares						1,882,000	01 Jan 2022	see footnote	F1
holding	LOWLF	Subordinate Voting Shares						824,000	01 Jan 2022	see footnote	F2
holding	LOWLF	Subordinate Voting Shares						184,800	01 Jan 2022	see footnote	F3
holding	LOWLF	Subordinate Voting Shares						300,000	01 Jan 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	-25,000	-33%	$0.000000	50,000	01 Jan 2022	Subordinate Voting Shares	25,000		Direct	F5, F6
holding	LOWLF	Options						300,000	01 Jan 2022	Subordinate Voting Shares	300,000	$1.35	Direct	F7
holding	LOWLF	Warrants (right to buy)						91,000	01 Jan 2022	Subordinate Voting Shares	91,000	$1.81	see footnote	F1, F8
holding	LOWLF	Warrants (right to buy)						850,000	01 Jan 2022	Subordinate Voting Shares	850,000	$1.40	see footnote	F1
holding	LOWLF	Warrants (right to buy)						200,000	01 Jan 2022	Subordinate Voting Shares	200,000	$1.40	see footnote	F2
holding	LOWLF	Warrants (right to buy)						50,000	01 Jan 2022	Subordinate Voting Shares	50,000	$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.