InsiderTrades

Form 4 for GNLN Greenlane Holdings, Inc.

Accepted 2021-09-02 00:00:00 ET · period of report 2021-08-31 · accession 0001062993-21-008190 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X Filed Traded Ticker Insider Title Type Price Qty Owned ΔOwn Value
DI 2021-09-02 2021-08-31 GNLN Kovacevich Nicholas CEO, Dir A - Grant — +1.21M 1.21M New —
D 2021-09-02 2021-09-02 GNLN Kovacevich Nicholas CEO, Dir G - Gift $0.00 -300.0K 1.29M -19% $0
D 2021-09-02 2021-08-31 GNLN Kovacevich Nicholas CEO, Dir A - Grant — +1.59M 1.59M New —
DM 2021-09-02 2021-08-31 GNLN Kovacevich Nicholas CEO, Dir A - Grant $0.00 +347.2K 9,048 New $0

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Class A Common Stock 2021-08-31 A A 1,206,400 — 1,206,400 I — — (F3) Received in exchange for 4,000,000 shares of KushCo common stock pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each share of KushCo common stock that became fully earned and vested upon closing of the transaction contemplated by the Merger Agreement was converted into the right to receive 0.3016 shares of Greenlane Class A common stock. (F2) On the date immediately prior to the effective time of the merger, the closing price of Greenlane's Class A common stock was $2.61 per share and the closing price of KushCo's common stock was $0.694 per share
2 Common Class A Common Stock 2021-09-02 G D 300,000 $0.00 1,293,211 D — — (F5) The Reporting Person transferred these shares of Greenlane Class A common stock to a trust for the benefit of the Reporting Person's family members, over which the Reporting Person has no pecuniary interest or investment control.
3 Common Class A Common Stock 2021-08-31 A A 1,593,211 — 1,593,211 D By Trust — — (F1) Received in exchange for 5,282,533 shares of common stock of KushCo Holdings, Inc. ("KushCo") pursuant to the Agreement and Plan of Merger, dated as of March 31, 2021, by and among Greenlane Holdings, Inc. ("Greenlane"), Merger Sub Gotham 1, LLC, Merger Sub Gotham 2, LLC and KushCo (the "Merger Agreement"). This number includes 100,582 restricted stock units ("RSUs") that accelerated and vested in full pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each share of KushCo common stock and each KushCo RSU that became fully earned and vested upon closing of the transaction contemplated by the Merger Agreement was converted into the right to receive 0.3016 shares of Greenlane Class A common stock. (F2) On the date immediately prior to the effective time of the merger, the closing price of Greenlane's Class A common stock was $2.61 per share and the closing price of KushCo's common stock was $0.694 per share (F4) These shares are held in trusts for the benefit of the Reporting Person and the Reporting Person's spouse. The Reporting Person held investment control over all shares held by such trusts until September 2, 2021, on which date investment control over one of the trusts that owns 506,688 shares of Greenlane Class A common stock was transferred to an independent investment advisor. As a result, the Reporting Person no longer has beneficial ownership of such shares and the shares will not be included in the Reporting Person's future Section 16 reports. The Reporting Person retains investment control over the remaining 699,712 shares of Greenlane Class A common stock held in trusts.
4 Derivative Option to Purchase 2021-08-31 A A 79,924 $0.00 79,924 D $2.09 · — to 2030-04-22 79,924 Class A Common Stock (F10) Received in exchange for options to purchase 265,000 shares of KushCo common stock at an exercise price of $0.63 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock.
5 Derivative Option to Purchase 2021-08-31 A A 150,800 $0.00 150,800 D $2.09 · — to 2030-04-22 150,800 Class A Common Stock (F7) Received in exchange for options to purchase 500,000 shares of KushCo common stock at an exercise price of $0.63 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock. These options had fully vested prior to the closing of the transactions contemplated by the Merger Agreement.
6 Derivative Option to Purchase 2021-08-31 A A 29,484 $0.00 29,484 D $2.62 · — to 2031-08-29 29,484 Class A Common Stock (F12) Received in exchange for options to purchase 97,761 shares of KushCo common stock at an exercise price of $0.79 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock. These options had fully vested prior to the closing of the transactions contemplated by the Merger Agreement.
7 Derivative Option to Purchase 2021-08-31 A A 30,160 $0.00 30,160 D $1.93 · — to 2028-10-21 30,160 Class A Common Stock (F11) Received in exchange for options to purchase 100,000 shares of KushCo common stock at an exercise price of $0.58 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock. These options had fully vested prior to the closing of the transactions contemplated by the Merger Agreement.
8 Derivative Option to Purchase 2021-08-31 A A 25,133 $0.00 25,133 D $4.41 · — to 2031-03-20 25,133 Class A Common Stock (F6) Received in exchange for options to purchase 83,333 shares of KushCo common stock at an exercise price of $1.33 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock. These options had fully vested prior to the closing of the transactions contemplated by the Merger Agreement.
9 Derivative Option to Purchase 2021-08-31 A A 22,620 $0.00 22,620 D $2.09 · — to 2030-04-22 22,620 Class A Common Stock (F9) Received in exchange for options to purchase 75,000 shares of KushCo common stock at an exercise price of $0.63 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock.
10 Derivative Option to Purchase 2021-08-31 A A 9,048 $0.00 9,048 D $2.09 · — to 2030-04-22 9,048 Class A Common Stock (F8) Received in exchange for options to purchase 30,000 shares of KushCo common stock at an exercise price of $0.63 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock.