Brian Shure - Dec 23, 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
Dec 23, 2022
Transactions value $
$0
Form type
4
Date filed
12/29/2022, 06:23 PM
Previous filing
Sep 2, 2022
Next filing
Oct 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOWLF Subordinate Voting Shares Options Exercise $0 +25K +41.82% $0.00 84.8K Dec 23, 2022 Direct
holding LOWLF Subordinate Voting Shares 1.88M Dec 23, 2022 See footnote F1
holding LOWLF Subordinate Voting Shares 824K Dec 23, 2022 See footnote F2
holding LOWLF Subordinate Voting Shares 185K Dec 23, 2022 See footnote F3
holding LOWLF Subordinate Voting Shares 300K Dec 23, 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 -50% $0.00 25K Dec 23, 2022 Subordinate Voting Shares 25K Direct F5, F6
transaction LOWLF Stock Options (right to buy) Award $0 +75K $0.00 75K Dec 23, 2022 Subordinate Voting Shares 75K $0.09 Direct F7
transaction LOWLF Stock Options (right to buy) Award $0 +150K $0.00 150K Dec 23, 2022 Subordinate Voting Shares 150K $0.09 Direct F8
holding LOWLF Stock Options (right to buy) 125K Dec 23, 2022 Subordinate Voting Shares 125K $0.31 Direct F9
holding LOWLF Stock Options (right to buy) 75K Dec 23, 2022 Subordinate Voting Shares 75K $0.31 Direct F10
holding LOWLF Stock Options (right to buy) 300K Dec 23, 2022 Subordinate Voting Shares 300K $0.31 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.