William Muecke - 25 Mar 2022 Form 4 Insider Report for Clever Leaves Holdings Inc.

Role: Director
Signature: David Kastin, under power of attorney
Issuer symbol: CLVR on OTC
Transactions as of: 25 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 25 Mar 2022, 13:50:26 UTC
Next filing: 24 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLVR	Common shares	Award	$0	+1,701		$0.000000	1,701	25 Mar 2022	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 initial 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 the 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 initial 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 the grant, subject to the Reporting Person's continuous service with the Issuer through the vesting date.