PURA VIDA INVESTMENTS, LLC - 18 Nov 2020 Form 4 Insider Report for MedMen Enterprises, Inc.

Reporting relationship: 10%+ Owner
Issuer ticker: N/A
Reported as of: 18 Nov 2020
Net transaction value: -$1,025,925
SEC form: 4
Accepted by SEC: 29 Apr 2022, 16:41:49 UTC
Prior SEC filing: 29 Apr 2022
Next SEC filing: 29 Apr 2022
Source filing: View source filing
Reporting owner signature: /s/ Efrem Kamen

Key filing fact

PURA VIDA INVESTMENTS, LLC filed Form 4 for MedMen Enterprises, Inc. on 29 Apr 2022.

Key facts

This page summarizes PURA VIDA INVESTMENTS, LLC's Form 4 filing for MedMen Enterprises, Inc..
8 reported transactions and 8 derivative rows are listed below.
Accepted by SEC: 29 Apr 2022, 16:41.

Change

Previous filing in this sequence was filed on 29 Apr 2022.
Current net transaction value: -$1,025,925.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MMNFF transaction Derivative

Senior Secured Convertible Note

Expiration (or cancellation) of long derivative position with value received

Transaction value: $218,317
Shares
Change %
Price
Shares after: $2,760,421
Date: 18 Nov 2020
Ownership: By Pura Vida Master Fund, LTD.
Underlying class: Class B Subordinate Voting Shares
Underlying amount: 1,168,132
Exercise price: $2.55
Footnotes: F1, F2, F3, F4, F5

MMNFF transaction Derivative

Senior Secured Convertible Note

Expiration (or cancellation) of long derivative position with value received

Transaction value: $116,955
Shares
Change %
Price
Shares after: $5,124,733
Date: 18 Nov 2020
Ownership: By Pura Vida Master Fund, LTD.
Underlying class: Class B Subordinate Voting Shares
Underlying amount: 20,160,339
Exercise price: $0.2600
Footnotes: F1, F2, F3, F4, F5

MMNFF transaction Derivative

Senior Secured Convertible Note

Expiration (or cancellation) of long derivative position with value received

Transaction value: $405,446
Shares
Change %
Price
Shares after: $8,021,039
Date: 18 Nov 2020
Ownership: By Pura Vida Master Fund, LTD.
Underlying class: Class B Subordinate Voting Shares
Underlying amount: 24,783,779
Exercise price: $0.3400
Footnotes: F1, F2, F3, F4, F5

MMNFF transaction Derivative

Senior Secured Convertible Note

Expiration (or cancellation) of long derivative position with value received

Transaction value: $38,985
Shares
Change %
Price
Shares after: $771,254
Date: 18 Nov 2020
Ownership: By Pura Vida Master Fund, LTD.
Underlying class: Class B Subordinate Voting Shares
Underlying amount: 4,051,194
Exercise price: $0.2000
Footnotes: F1, F2, F3, F4, F5

MMNFF transaction Derivative

Senior Secured Convertible Note

Expiration (or cancellation) of long derivative position with value received

Transaction value: $68,942
Shares
Change %
Price
Shares after: $871,712
Date: 18 Nov 2020
Ownership: By Pura Vida Pro Special Oppportunity Master Fund, LTD.
Underlying class: Class B Subordinate Voting Shares
Underlying amount: 368,883
Exercise price: $2.55
Footnotes: F1, F2, F3, F4, F5

MMNFF transaction Derivative

Senior Secured Convertible Note

Expiration (or cancellation) of long derivative position with value received

Transaction value: $36,933
Shares
Change %
Price
Shares after: $1,618,337
Date: 18 Nov 2020
Ownership: By Pura Vida Pro Special Oppportunity Master Fund, LTD.
Underlying class: Class B Subordinate Voting Shares
Underlying amount: 6,366,423
Exercise price: $0.2600
Footnotes: F1, F2, F3, F4, F5

MMNFF transaction Derivative

Senior Secured Convertible Note

Expiration (or cancellation) of long derivative position with value received

Transaction value: $128,035
Shares
Change %
Price
Shares after: $2,532,960
Date: 18 Nov 2020
Ownership: By Pura Vida Pro Special Oppportunity Master Fund, LTD.
Underlying class: Class B Subordinate Voting Shares
Underlying amount: 7,826,456
Exercise price: $0.3400
Footnotes: F1, F2, F3, F4, F5

MMNFF transaction Derivative

Senior Secured Convertible Note

Expiration (or cancellation) of long derivative position with value received

Transaction value: $12,311
Shares
Change %
Price
Shares after: $243,554
Date: 18 Nov 2020
Ownership: By Pura Vida Pro Special Oppportunity Master Fund, LTD.
Underlying class: Class B Subordinate Voting Shares
Underlying amount: 1,279,324
Exercise price: $0.2000
Footnotes: F1, F2, F3, F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

On November 18, 2020, the Issuer made a partial prepayment on the Senior Secured Convertible Note (the "Note").

Footnote F2

Currently exercisable.

Footnote F3

Represents the number of Class B Subordinate Voting Shares (the "Shares") issuable upon conversion of the outstanding principal amount of the Note prior to the partial prepayment on November 18, 2020. The ultimate number of Shares issuable upon conversion may vary based on the accrued interest payable on the Note at the time of conversion.

Footnote F4

The reporting persons (the "Reporting Persons") are Pura Vida Investments, LLC ("PVI"), Pura Vida Master Fund, LTD. (the "PV Master Fund"), and Efrem Kamen. PVI serves as the investment manager to the PV Master Fund. Pura Vida Pro, LLC ("PVP") serves as the investment manager to Pura Vida Pro Special Opportunity Master Fund, LTD. PVP is a relying adviser of PVI. Efrem Kamen serves as the managing member of both PVI and PVP.

Footnote F5

This Form 4 shall not be deemed an admission that PVI and Efrem Kamen are beneficial owners of the securities for purposes of Sections 13 and 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each of PVI and Efrem Kamen disclaims beneficial ownership of the securities reported herein except to the extent of the Reporting Person's pecuniary interest, if any, therein.

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