Form 4 for IGC IGC Pharma, Inc.
Accepted 2024-03-18 00:00:00 ET · period of report 2024-03-13 · accession 0001185185-24-000267 · 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 | 2024-03-18 | 2024-03-13 | IGC | MUKUNDA RAM | CEO, Dir | M - OptEx | $0.00 | +1.15M | 2.91M | +66% | $0 |
| DMI | 2024-03-18 | 2024-03-13 | IGC | MUKUNDA RAM | CEO, Dir | M - OptEx | $0.00 | +33.3K | 794.1K | +4% | $0 |
| D | 2024-03-18 | 2024-03-13 | IGC | MUKUNDA RAM | CEO, Dir | G - Gift | $0.00 | -200.0K | 3.53M | -5% | $0 |
| DM | 2024-03-18 | 2024-03-13 | IGC | MUKUNDA RAM | CEO, Dir | A - Grant | $0.00 | +2.50M | 0 | New | $0 |
| DM | 2024-03-18 | 2024-03-13 | IGC | MUKUNDA RAM | CEO, Dir | M - OptEx | $0.00 | -1.15M | 233.3K | -83% | $0 |
| DMI | 2024-03-18 | 2024-03-13 | IGC | MUKUNDA RAM | CEO, Dir | M - OptEx | $0.00 | -33.3K | 0 | -100% | $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 | Common Stock | 2024-03-13 | M | A | 251,250 | $0.00 | 3,726,011 | D | — | — | (F5) On June 20, 2023, the Reporting Person was granted RSUs subject to vesting according to specific milestones set by the Company's Board of Directors. The RSUs vest when milestones are achieved. One milestone (156,750) was achieved, and one milestone (156,750) was not achieved. |
| 2 | Common | Common Stock | 2024-03-13 | M | A | 16,667 | $0.00 | 810,752 | I | — | — | (F4) On June 20, 2023, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three years starting on March 31, 2024. |
| 3 | Common | Common Stock | 2024-03-13 | M | A | 16,667 | $0.00 | 794,085 | I | — | — | (F1) On July 19, 2021, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three and two years, respectively, and starting on March 31, 2022. |
| 4 | Common | Common Stock | 2024-03-13 | G | D | 200,000 | $0.00 | 3,526,011 | D | — | — | (F3) Gift of shares of the Company's common stock to the reporting person's children who do not share the reporting person's household. |
| 5 | Common | Common Stock | 2024-03-13 | M | A | 333,334 | $0.00 | 3,474,761 | D | — | — | (F4) On June 20, 2023, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three years starting on March 31, 2024. |
| 6 | Common | Common Stock | 2024-03-13 | M | A | 233,334 | $0.00 | 3,141,427 | D BY SPOUSE | — | — | (F2) On May 25, 2022, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three years starting on March 31, 2023. |
| 7 | Common | Common Stock | 2024-03-13 | M | A | 333,333 | $0.00 | 2,908,093 | D BY SPOUSE | — | — | (F1) On July 19, 2021, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three and two years, respectively, and starting on March 31, 2022. |
| 8 | Derivative | Options | 2024-03-13 | A | A | 1,500,000 | $0.00 | 0 | D | — · — to 2034-03-12 | 1,500,000 Common Stock | (F8) On March 13, 2024, the Reporting Person was granted options exercisable at $0.26 vesting at the time that certain milestones set by the Board of Directors are achieved. |
| 9 | Derivative | Restricted Stock Units | 2024-03-13 | M | D | 251,250 | $0.00 | 783,750 | D | — · — to 2033-03-31 | 251,250 Common Stock | (F6) Each restricted stock unit represents a right to receive one share of IGC common stock. (F5) On June 20, 2023, the Reporting Person was granted RSUs subject to vesting according to specific milestones set by the Company's Board of Directors. The RSUs vest when milestones are achieved. One milestone (156,750) was achieved, and one milestone (156,750) was not achieved. |
| 10 | Derivative | Restricted Stock Units | 2024-03-13 | M | D | 333,334 | $0.00 | 666,667 | D | — · — to — | 333,334 Common Stock | (F6) Each restricted stock unit represents a right to receive one share of IGC common stock. (F4) On June 20, 2023, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three years starting on March 31, 2024. |
| 11 | Derivative | Restricted Stock Units | 2024-03-13 | M | D | 333,333 | $0.00 | 0 | D BY SPOUSE | — · — to — | 333,333 Common Stock | (F1) On July 19, 2021, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three and two years, respectively, and starting on March 31, 2022. (F6) Each restricted stock unit represents a right to receive one share of IGC common stock. |
| 12 | Derivative | Restricted Stock Units | 2024-03-13 | M | D | 233,333 | $0.00 | 233,333 | D BY SPOUSE | — · — to — | 233,333 Common Stock | (F2) On May 25, 2022, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three years starting on March 31, 2023. (F6) Each restricted stock unit represents a right to receive one share of IGC common stock. |
| 13 | Derivative | Restricted Stock Units | 2024-03-13 | M | D | 16,667 | $0.00 | 33,333 | I | — · — to — | 16,667 Common Stock | (F4) On June 20, 2023, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three years starting on March 31, 2024. (F6) Each restricted stock unit represents a right to receive one share of IGC common stock. |
| 14 | Derivative | Options | 2024-03-13 | A | A | 1,000,002 | $0.00 | 0 | D | — · — to 2034-03-12 | 1,000,002 Common Stock | (F7) On March 13, 2024, the Reporting Person was granted options exercisable at $0.26, vesting over three years starting in March 2025. |
| 15 | Derivative | Restricted Stock Units | 2024-03-13 | M | D | 16,667 | $0.00 | 0 | I | — · — to — | 16,667 Common Stock | (F1) On July 19, 2021, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three and two years, respectively, and starting on March 31, 2022. (F6) Each restricted stock unit represents a right to receive one share of IGC common stock. |