Bruce Gates - Dec 23, 2022 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

Role
Director
Signature
/s/ Bruce Gates
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
Jan 18, 2022

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 Stock Options (right to buy) Award $0 +50K $0.00 50K Dec 23, 2022 Subordinate Voting Shares 50K $0.09 Direct
transaction LOWLF Stock Options (right to buy) Award $0 +75K $0.00 75K Dec 23, 2022 Subordinate Voting Shares 75K $0.09 Direct F1
holding LOWLF Stock Options (right to buy) 75K Dec 23, 2022 Subordinate Voting Shares 75K $0.31 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the options vest and become exercisable at the end of each calendar quarter in 2023.
F2 25% of the options vest and become exercisable at the end of each calendar quarter in 2022.