Key facts
- This page summarizes Hussein Rakine's Form 4 filing for Flora Growth Corp. (FLGC).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 27 Jun 2023, 21:46.
Hussein Rakine - 25 Jun 2023 Form 4 Insider Report for Flora Growth Corp. (FLGC)
- Reporting relationship
- Director
- Issuer ticker
- FLGC
- Reported as of
- 25 Jun 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 27 Jun 2023, 21:46:13 UTC
- Prior SEC filing
- 26 Apr 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Matthew Cohen, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Hussein Rakine filed Form 4 for Flora Growth Corp. (FLGC) on 27 Jun 2023.
Change
- Previous filing in this sequence was filed on 26 Apr 2023.
- 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
FLGC
transaction
Common Shares
Disposed to Issuer
- Transaction value
- $0
- Shares
- -82,100
- Change %
- -97%
- Price
- $0.000000
- Shares after
- 2,500
- Date
- 25 Jun 2023
- Ownership
- Direct
- Footnotes
- F1, F2
FLGC
holding
Common Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 346,250
- Date
- 25 Jun 2023
- Ownership
- See Footnote
- Footnotes
- F1, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
On June 9, 2023, Flora Growth Corp. (the "Company") effectuated a 1-for-20 reverse stock split of its common shares. The amounts presented in this Form 4 reflect the effect of the reverse stock split on Reporting Person's holdings.
Footnote F2
On June 25, 2023, the Reporting Person resigned as the Chief Executive Officer of the Company. In connection with the Reporting Person's resignation, the Reporting Person entered into a Separation and Release Agreement with the Company, which provided for the forfeiture of 82,100 restricted common shares held by the Reporting Person upon his resignation as Chief Executive Officer.
Footnote F3
These shares are held by ASH Group of Florida LLC ("ASH Group"). Voting and dispositive power over the shares held by ASH Group is held by Ash Group's board of directors, which is comprised of Ali Rakine, Hussein Rakine, Hassan Rakine and Solhail Mitha. The Reporting Person disclaims beneficial ownership of all shares owned by Ash Group, except to the extent of his pecuniary interest therein.