Aaron LoCascio - 19 Jul 2022 Form 4/A - Amendment Insider Report for Greenlane Holdings, Inc. (GNLN)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4/A - Amendment
Accepted by SEC
03 Aug 2022, 16:59:57 UTC
Original report date
21 Jul 2022
Prior SEC filing
07 Jan 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Amir Sadr, as attorney-in-fact for Aaron LoCascio

Key filing fact

Aaron LoCascio filed Form 4/A - Amendment for Greenlane Holdings, Inc. (GNLN) on 03 Aug 2022.

Key facts

  • This page summarizes Aaron LoCascio's Form 4/A - Amendment filing for Greenlane Holdings, Inc. (GNLN).
  • 5 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 03 Aug 2022, 16:59.

Change

  • Previous filing in this sequence was filed on 07 Jan 2022.
  • Current net transaction value: $0.

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/A - Amendment disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GNLN transaction

Class A Common Stock

Gift

Transaction value
$0
Shares
-619,824
Change %
-88%
Price
$0.000000
Shares after
84,259
Date
15 Mar 2022
Ownership
Direct
Footnotes
F1, F2
GNLN transaction

Class B Common Stock

Other

Transaction value
$0
Shares
-9,592,827
Change %
-100%
Price
$0.000000*
Shares after
0
Date
19 Jul 2022
Ownership
See footnote
Footnotes
F1, F3, F4, F5
GNLN transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+9,592,827
Change %
+11385%
Price
$0.000000
Shares after
9,677,086
Date
19 Jul 2022
Ownership
Direct
Footnotes
F1, F3, F5
GNLN transaction

Class A Common Stock

Gift

Transaction value
$0
Shares
-9,592,827
Change %
-99%
Price
$0.000000
Shares after
84,259
Date
19 Jul 2022
Ownership
Direct
Footnotes
F1, F2

Reported derivative securities

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

GNLN transaction Derivative

Common Units

Conversion of derivative security

Transaction value
$0
Shares
-9,592,827
Change %
-100%
Price
$0.000000*
Shares after
0
Date
19 Jul 2022
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
9,592,827
Exercise price
Footnotes
F3, F4, F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Explanatory Note: This amended Form 4 is being filed to correct the Form 4 filed on July 21, 2022 (the "Original Form 4"), to correct inadvertent scriveners' errors with regard to the "Amount of Securities Beneficially Owned Following Reported Transaction(s)" for each transaction reported in the Original Form 4. All other information previously reported in the Original Form 4, and restated in this amended Form 4, remains correct.

Footnote F2

The Reporting Person transferred shares of Class A Common Stock to trusts for estate planning purposes, over which the Reporting Person does not have voting or investment control.

Footnote F3

Immediately following the redemption of 15,998,046 Common Units for shares of Class A common stock, Jacoby (as defined below) distributed the shares of Class A common stock to its stockholders, including the Reporting Person. The number of shares of Class B common stock and Common Units shown as disposed and the number of shares of Class A common stock shown as acquired by the Reporting Person represent shares of Class A common stock distributed directly to the Reporting Person in proportion to his pecuniary interest in Jacoby.

Footnote F4

Pursuant to the Operating Company's (as defined below) Fourth Amended and Restated Operating Agreement, the common membership interests in the Operating Company (the "Common Units") are redeemable on a one-for-one basis for shares of Class A common stock of the Issuer, or, at the election of the Issuer, cash equal to a volume weighted average market price of a share of Class A common stock. Upon any redemption of Common Units, one share of Class B common stock is automatically forfeited and cancelled for each Common Unit so redeemed. On July 19, 2022, Jacoby tendered 15,998,046 Common Units for redemption and was issued 15,998,046 shares of Class A common stock.

Footnote F5

The reporting person is a stockholder of Jacoby & Co. Inc. ("Jacoby"), which is a member of Greenlane Holdings, LLC (the "Operating Company") and is the direct record owner of the securities described herein. The reporting person shared voting control of such securities owned by Jacoby and had a pecuniary interest in such securities held by Jacoby.

Footnote F6

The Common Units had no expiration date.

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