Albert Foreman - Dec 30, 2023 Form 4 Insider Report for Gold Flora Corp. (GRAM)

Role: Director
Signature: /s/ Albert Foreman
Stock symbol: GRAM
Transactions as of: Dec 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/2/2024, 04:59 PM
Previous filing: Dec 4, 2023
Next filing: Feb 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GRAM	Common Shares	Options Exercise		+8.38K	+18.65%		53.3K	Dec 30, 2023	Direct	F1
transaction	GRAM	Common Shares	Options Exercise		+506	+0.95%		53.8K	Jan 1, 2024	Direct	F1
holding	GRAM	Common Shares						4.09M	Dec 30, 2023	See Footnote	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	GRAM	Restricted Stock Units	Options Exercise	$0	-8.38K	-13.58%	$0.00	53.3K	Dec 30, 2023	Common Share	8.38K		Direct	F3
transaction	GRAM	Restricted Stock Units	Options Exercise	$0	-506	-0.95%	$0.00	52.8K	Jan 1, 2024	Common Shares	506		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs") convert into Common Shares on a one-for-one basis.
F2	Represents Common Shares held by affiliates of Tuatara Capital. Mr. Foreman is a Managing Partner and the Chief Investment Officer of Tuatara Capital and shares voting and dispositive power of these Common Shares with two other persons. Mr. Foreman disclaims beneficial ownership over these shares, except to the extent of his pecuniary interest.
F3	On June 30, 2022, the reporting person was granted 100,000 RSU's, 33% of which vested 1 year after the grant date (the "Initial Vesting Period"). The remaining RSUs vest in 8 equal quarterly installments. On June 1, 2021, the reporting person was granted 20,226 RSU's, 25% of which vested 180 days after the grant date (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.