H. Demarse - Jun 29, 2021 Form 4 Insider Report for Clever Leaves Holdings Inc. (CLVR)

Role: Director
Signature: /s/ David M. Kastin, under power of attorney
Stock symbol: CLVR
Transactions as of: Jun 29, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/30/2021, 08:09 AM
Next filing: Dec 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLVR	Common shares	Award	$0	+6.47K	+92.41%	$0.00	13.5K	Jun 29, 2021	Direct	F1

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

Explanation of Responses:

Id	Content
F1	These shares are restricted share units that were issued pursuant to the Issuer's 2020 Incentive Award Plan, as the annual award to directors pursuant to the Non-Employee Director Compensation Policy. Each restricted share unit represents a contingent right to receive one common share of the Issuer. These restricted share units will vest in full on the earlier of (i) the day immediately preceding the date of the Issuer's next annual meeting of shareholders and (ii) the first anniversary of the date of grant, subject to the Reporting Person's continuous service with the Issuer through the vesting date.

Content

These shares are restricted share units that were issued pursuant to the Issuer's 2020 Incentive Award Plan, as the annual award to directors pursuant to the Non-Employee Director Compensation Policy. Each restricted share unit represents a contingent right to receive one common share of the Issuer. These restricted share units will vest in full on the earlier of (i) the day immediately preceding the date of the Issuer's next annual meeting of shareholders and (ii) the first anniversary of the date of grant, subject to the Reporting Person's continuous service with the Issuer through the vesting date.