Mark L. Ainsworth - 01 Aug 2023 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

Role
Chief Executive Officer, Director
Signature
/s/ Mark Ainsworth
Issuer symbol
LOWLF
Transactions as of
01 Aug 2023
Net transactions value
$0
Form type
4
Filing time
15 Aug 2023, 20:37:00 UTC
Previous filing
29 Dec 2022
SEC
View on sec.gov

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 +1,750,000 $0.000000 1,750,000 01 Aug 2023 Subordinate Voting Shares 1,750,000 $0.0450 Direct
holding LOWLF Restricted Stock Units 33,334 01 Aug 2023 Subordinate Voting Shares 33,334 Direct F1, F2
holding LOWLF Stock Options (right to buy) 75,000 01 Aug 2023 Subordinate Voting Shares 75,000 $0.0850 Direct F3
holding LOWLF Stock Options (right to buy) 150,000 01 Aug 2023 Subordinate Voting Shares 150,000 $0.0850 Direct F4
holding LOWLF Stock Options (right to buy) 125,000 01 Aug 2023 Subordinate Voting Shares 125,000 $0.3077 Direct F5
holding LOWLF Stock Options (right to buy) 75,000 01 Aug 2023 Subordinate Voting Shares 75,000 $0.3077 Direct F6
holding LOWLF Stock Options (right to buy) 50,000 01 Aug 2023 Subordinate Voting Shares 50,000 $0.8500 Direct F7
holding LOWLF Stock Options (right to buy) 500,000 01 Aug 2023 Subordinate Voting Shares 500,000 $0.3460 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one Subordinate Voting Share on the vesting date.
F2 The RSUs vest in three equal annual installments beginning on December 23, 2021.
F3 25% of the options vest and become exercisable at the end of each calendar quarter in 2023.
F4 25% of the options vest and become exercisable on each of the first four anniversaries of the date of grant.
F5 25% of the options vest and become exercisable on each of the first four anniversaries of the date of grant.
F6 25% of the options vest and become exercisable at the end of each calendar quarter in 2022.
F7 25% of the options were vested and exercisable as of the date of this reporting person's Form 3. The remainder of the options vest and become exercise in three equal annual installments beginning on January 1, 2022.
F8 25% of the options were vested and exercisable as of the date of this reporting person's Form 3. The remainder of the options vest and become exercisable in three equal annual installments beginning on April 15, 2022.