Mark Ainsworth - Aug 1, 2023 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

Role
Chief Executive Officer, Director
Signature
/s/ Mark Ainsworth
Stock symbol
LOWLF
Transactions as of
Aug 1, 2023
Transactions value $
$0
Form type
4
Date filed
8/15/2023, 08:37 PM
Previous filing
Dec 29, 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 +1.75M $0.00 1.75M Aug 1, 2023 Subordinate Voting Shares 1.75M $0.05 Direct
holding LOWLF Restricted Stock Units 33.3K Aug 1, 2023 Subordinate Voting Shares 33.3K Direct F1, F2
holding LOWLF Stock Options (right to buy) 75K Aug 1, 2023 Subordinate Voting Shares 75K $0.09 Direct F3
holding LOWLF Stock Options (right to buy) 150K Aug 1, 2023 Subordinate Voting Shares 150K $0.09 Direct F4
holding LOWLF Stock Options (right to buy) 125K Aug 1, 2023 Subordinate Voting Shares 125K $0.31 Direct F5
holding LOWLF Stock Options (right to buy) 75K Aug 1, 2023 Subordinate Voting Shares 75K $0.31 Direct F6
holding LOWLF Stock Options (right to buy) 50K Aug 1, 2023 Subordinate Voting Shares 50K $0.85 Direct F7
holding LOWLF Stock Options (right to buy) 500K Aug 1, 2023 Subordinate Voting Shares 500K $0.35 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.