Brian Shure - 23 Dec 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
23 Dec 2022
Net transactions value
$0
Form type
4
Filing time
29 Dec 2022, 18:23:14 UTC
Previous filing
02 Sep 2022
Next filing
26 Oct 2023
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 +42% $0.000000 84,776 23 Dec 2022 Direct
holding LOWLF Subordinate Voting Shares 1,882,000 23 Dec 2022 See footnote F1
holding LOWLF Subordinate Voting Shares 824,000 23 Dec 2022 See footnote F2
holding LOWLF Subordinate Voting Shares 184,800 23 Dec 2022 See footnote F3
holding LOWLF Subordinate Voting Shares 300,000 23 Dec 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 -50% $0.000000 25,000 23 Dec 2022 Subordinate Voting Shares 25,000 Direct F5, F6
transaction LOWLF Stock Options (right to buy) Award $0 +75,000 $0.000000 75,000 23 Dec 2022 Subordinate Voting Shares 75,000 $0.0850 Direct F7
transaction LOWLF Stock Options (right to buy) Award $0 +150,000 $0.000000 150,000 23 Dec 2022 Subordinate Voting Shares 150,000 $0.0850 Direct F8
holding LOWLF Stock Options (right to buy) 125,000 23 Dec 2022 Subordinate Voting Shares 125,000 $0.3077 Direct F9
holding LOWLF Stock Options (right to buy) 75,000 23 Dec 2022 Subordinate Voting Shares 75,000 $0.3077 Direct F10
holding LOWLF Stock Options (right to buy) 300,000 23 Dec 2022 Subordinate Voting Shares 300,000 $0.3077 Direct F11
* 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. 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. 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 December 23, 2021.
F7 25% of the options vest and become exercisable at the end of each calendar quarter in 2023.
F8 25% of the options vest and become exercisable on each of the first four anniversaries of the date of grant.
F9 25% of the options vest and become exercisable on each of the first four anniversaries of the date of grant.
F10 25% of the options vest and become exercisable at the end of each calendar quarter in 2022.
F11 25% of the options vest and become exercisable on the first day of each calendar quarter in 2022.