David Kastin - Jun 2, 2021 Form 3 Insider Report for Clever Leaves Holdings Inc. (CLVR)

Role: General Counsel
Signature: /s/ David Kastin
Stock symbol: CLVR
Transactions as of: Jun 2, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/4/2021, 03:54 PM
Next filing: Jan 27, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CLVR	Restricted Share Units						20K	Jun 2, 2021	Direct	F1, F2
holding	CLVR	Restricted Share Units						25K	Jun 2, 2021	Direct	F1, F3

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
holding	CLVR	Restricted Share Units							Jun 2, 2021	Common shares	20K	$0.00	Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Each restricted share unit represents the contingent right to receive one common share of the Issuer.
F2	The restricted share units will vest in four equal annual installments commencing on December 18, 2021, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates.
F3	The restricted share units will vest in four equal annual installments commencing on March 2, 2022, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates.
F4	The restricted share units vest when they have both time-vested and performance-vested, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates. The restricted share units will time-vest in four equal annual installments, commencing on December 18, 2021, and will performance-vest based on the achievement of certain share price performance conditions on or prior to December 18, 2024.