Rozlyn S. Lipsey - 07 Jul 2023 Form 4 Insider Report for TPCO Holding Corp. (GRAM)

Reporting relationship: Chief Operating Officer
Issuer ticker: GRAM
Reported as of: 07 Jul 2023
Net transaction value: -$5,659
SEC form: 4
Accepted by SEC: 10 Jul 2023, 09:40:34 UTC
Prior SEC filing: 05 Jul 2023
Next SEC filing: 12 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Rozlyn S. Lipsey

Key filing fact

Rozlyn S. Lipsey filed Form 4 for TPCO Holding Corp. (GRAM) on 10 Jul 2023.

Key facts

This page summarizes Rozlyn S. Lipsey's Form 4 filing for TPCO Holding Corp. (GRAM).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 10 Jul 2023, 09:40.

Change

Previous filing in this sequence was filed on 05 Jul 2023.
Current net transaction value: -$5,659.

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 non-derivative transactions

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

GRAMF transaction

Common Shares

Options Exercise

Transaction value
Shares: +103,125
Change %: +128%
Price
Shares after: 183,532
Date: 07 Jul 2023
Ownership: Direct
Footnotes: F1

GRAMF transaction

Common Shares

Sale

Transaction value: $5,659
Shares: -35,660
Change %: -19%
Price: $0.1587
Shares after: 147,872
Date: 07 Jul 2023
Ownership: Direct
Footnotes: F2

GRAMF transaction

Common Shares

Disposed to Issuer

Transaction value
Shares: -147,872
Change %: -100%
Price
Shares after: 0
Date: 07 Jul 2023
Ownership: Direct
Footnotes: F3

Reported derivative securities

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

GRAMF transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -103,125
Change %: -100%
Price
Shares after: 0
Date: 07 Jul 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 103,125
Exercise price
Footnotes: F1, F4

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Rozlyn S. Lipsey is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

Upon vesting, restricted stock units ("RSUs") convert into Common Shares on a one-for-one basis.

Footnote F2

The disposition of Common Shares is associated with tax obligations of the reporting person.

Footnote F3

Represents the disposition of Common Shares in connection with the business combination (the "Business Combination") involving the Issuer, Gold Flora, LLC ("Gold Flora"), Stately Capital Corporation ("Stately"), Gold Flora Corporation ("Newco") and Golden Grizzly Bear LLC ("US Merger Sub") in accordance with the terms and conditions of a business combination agreement entered into among TPCO, Gold Flora, Stately, Newco and US Merger Sub dated February 21, 2023 and an agreement and plan of merger entered into by Newco, US Merger Sub and Gold Flora dated February 21, 2023. As part of the Business Combination, the Issuer, Stately and Newco amalgamated to form a new corporation (the "Resulting Issuer"), the Common Shares of the Issuer were exchanged on a one-for-one basis for common shares of the Resulting Issuer, and the Resulting Issuer continued from British Columbia into the State of Delaware under the name "Gold Flora Corporation".

Footnote F4

Represents the acceleration of vesting of RSUs into Common Shares in connection with the Business Combination.

SEC remarks

Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).