Form 4 for GNLN Greenlane Holdings, Inc.
Accepted 2021-09-02 00:00:00 ET · period of report 2021-08-31 · accession 0001062993-21-008191 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-09-02 | 2021-08-31 | GNLN | de Oliveira Rodrigo | COO | A - Grant | — | +99.4K | 99.4K | New | — |
| DM | 2021-09-02 | 2021-08-31 | GNLN | de Oliveira Rodrigo | COO | A - Grant | $0.00 | +347.4K | 12.6K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-08-31 | A | A | 99,446 | — | 99,446 | D | — | — | (F1) Received in exchange for 329,731 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 102,653 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 KushCo's common stock was $0.694 per share. |
| 2 | Derivative | Option to Purchase | 2021-08-31 | A | A | 43,085 | $0.00 | 43,085 | D | $1.93 · — to 2028-07-02 | 43,085 Class A Common Stock | (F9) Received in exchange for options to purchase 142,858 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 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. |
| 3 | Derivative | Option to Purchase | 2021-08-31 | A | A | 43,085 | $0.00 | 43,085 | D | $1.93 · — to 2028-04-20 | 43,085 Class A Common Stock | (F10) Received in exchange for options to purchase 142,858 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 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. |
| 4 | Derivative | Option to Purchase | 2021-08-31 | A | A | 17,234 | $0.00 | 17,234 | D | $1.93 · — to 2029-02-22 | 17,234 Class A Common Stock | (F8) Received in exchange for options to purchase 57,143 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. |
| 5 | Derivative | Option to Purchase | 2021-08-31 | A | A | 50,895 | $0.00 | 50,895 | D | $2.09 · — to 2030-04-22 | 50,895 Class A Common Stock | (F7) Received in exchange for options to purchase 168,750 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. |
| 6 | Derivative | Option to Purchase | 2021-08-31 | A | A | 20,735 | $0.00 | 20,735 | D | $2.09 · — to 2030-04-22 | 20,735 Class A Common Stock | (F6) Received in exchange for options to purchase 68,750 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. |
| 7 | 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 | (F5) 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. |
| 8 | 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 | (F4) 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. |
| 9 | Derivative | Option to Purchase | 2021-08-31 | A | A | 12,566 | $0.00 | 12,566 | D | $4.41 · — to 2031-03-20 | 12,566 Class A Common Stock | (F3) Received in exchange for options to purchase 41,667 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. |