Form 4 for GNLN Greenlane Holdings, Inc.
Accepted 2022-07-21 00:00:00 ET · period of report 2022-07-19 · accession 0001062993-22-016601 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-07-21 | 2022-07-19 | GNLN | Jacoby & Co. Inc. | 10% | J - Other | $0.00 | -32.00M | 0 | -100% | $0 |
| D | 2022-07-21 | 2022-07-19 | GNLN | Jacoby & Co. Inc. | 10% | C - Cnv Deriv | $0.00 | +16.00M | 16.00M | New | $0 |
| D | 2022-07-21 | 2022-07-19 | GNLN | Jacoby & Co. Inc. | 10% | C - Cnv Deriv | — | -16.00M | 0 | -100% | — |
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 B Common Stock | 2022-07-19 | J | D | 15,998,046 | $0.00 | 0 | D | — | — | (F1) Pursuant to the Fourth Amended and Restated Operating Agreement of Greenlane Holdings, LLC (the "Operating Company"), 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. (F2) On July 19, 2022, the Reporting Person received 15,998,046 shares of Class A common stock in connection with the redemption of 15,998,046 Common Units, which shares of Class A common stock were distributed to the shareholders of the Reporting Person. 15,998,046 shares of Class B common stock were cancelled in connection with the redemption. |
| 2 | Common | Class A Common Stock | 2022-07-19 | J | D | 15,998,046 | $0.00 | 0 | D | — | — | (F1) Pursuant to the Fourth Amended and Restated Operating Agreement of Greenlane Holdings, LLC (the "Operating Company"), 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. (F2) On July 19, 2022, the Reporting Person received 15,998,046 shares of Class A common stock in connection with the redemption of 15,998,046 Common Units, which shares of Class A common stock were distributed to the shareholders of the Reporting Person. 15,998,046 shares of Class B common stock were cancelled in connection with the redemption. |
| 3 | Common | Class A Common Stock | 2022-07-19 | C | A | 15,998,046 | $0.00 | 15,998,046 | D | — | — | (F1) Pursuant to the Fourth Amended and Restated Operating Agreement of Greenlane Holdings, LLC (the "Operating Company"), 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. (F2) On July 19, 2022, the Reporting Person received 15,998,046 shares of Class A common stock in connection with the redemption of 15,998,046 Common Units, which shares of Class A common stock were distributed to the shareholders of the Reporting Person. 15,998,046 shares of Class B common stock were cancelled in connection with the redemption. |
| 4 | Derivative | Common Units | 2022-07-19 | C | D | 15,998,046 | — | 0 | D | — · — to — | 15,998,046 Class A Common Stock | (F2) On July 19, 2022, the Reporting Person received 15,998,046 shares of Class A common stock in connection with the redemption of 15,998,046 Common Units, which shares of Class A common stock were distributed to the shareholders of the Reporting Person. 15,998,046 shares of Class B common stock were cancelled in connection with the redemption. (F1) Pursuant to the Fourth Amended and Restated Operating Agreement of Greenlane Holdings, LLC (the "Operating Company"), 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. (F3) The Common Units had no expiration date. |