Mike Batesole - 01 Apr 2023 Form 4 Insider Report for TPCO Holding Corp. (GRAM)

Signature
/s/ Emily Jennings, Attorney-in-fact
Issuer symbol
GRAM
Transactions as of
01 Apr 2023
Net transactions value
-$1,165
Form type
4
Filing time
04 Apr 2023, 16:09:00 UTC
Previous filing
03 Mar 2023
Next filing
03 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRAMF Common Shares Options Exercise +18,330 +10% 200,920 01 Apr 2023 Direct F1
transaction GRAMF Common Shares Sale $1,165 -7,639 -3.8% $0.1525 193,281 01 Apr 2023 Direct F2

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 GRAMF Restricted Stock Units Options Exercise -18,330 -10% 158,340 01 Apr 2023 Common Shares 18,330 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon vesting, restricted stock units ("RSUs") convert into Common Shares on a one-for-one basis.
F2 The disposition of Common Shares is associated with tax obligations of the reporting person.
F3 On April 23, 2022, the reporting person was granted 100,000 RSUs, 33.33% of which vested 1 year after January 15, 2022 (the "Initial Vesting Period"). The remaining RSUs will vest in 8 equal quarterly installments beginning on the first day of the first month following the Initial Vesting Period.