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

Role
Chief Financial Officer
Signature
/s/ Emily Jennings, Attorney-in-fact
Issuer symbol
GRAMF
Transactions as of
01 Jul 2023
Transactions value $
-$1,249
Form type
4
Filing time
05 Jul 2023, 18:22:58 UTC
Previous filing
05 Jul 2023
Next filing
10 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRAMF Common Shares Options Exercise +10K +4.03% 258K 01 Jul 2023 Direct F1
transaction GRAMF Common Shares Options Exercise +8.33K +3.23% 266K 05 Jul 2023 Direct F1
transaction GRAMF Common Shares Options Exercise -$1.25K -7.81K -2.93% $0.16 258K 01 Jul 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 -10K -7.23% 128K 01 Jul 2023 Common Shares 10K Direct F1, F3
transaction GRAMF Restricted Stock Units Options Exercise -8.33K -6.49% 120K 01 Jul 2023 Common Shares 8.33K Direct F1, F4
* 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 Effective February 15, 2021, the reporting person was granted 400,000 RSU's (150,000 of which were subject to performance vesting conditions that were subsequently met), 25% of which vested 180 days after February 15, 2021 (the "Initial Vesting Period"). The remaining RSUs vest in 30 equal monthly installments beginning on the first day of the first month following the Initial Vesting Period.
F4 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.