David Kastin - 02 Jun 2021 Form 3 Insider Report for Clever Leaves Holdings Inc.

Role: General Counsel
Signature: /s/ David Kastin
Issuer symbol: CLVR on OTC
Transactions as of: 02 Jun 2021
Net transactions value: $0
Form type: 3
Filing time: 04 Jun 2021, 15:54:19 UTC
Next filing: 27 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CLVR	Restricted Share Units						20,000	02 Jun 2021	Direct	F1, F2
holding	CLVR	Restricted Share Units						25,000	02 Jun 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							02 Jun 2021	Common shares	20,000	$0.000000	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.