Michael Auerbach - 15 Mar 2022 Form 4 Insider Report for TPCO Holding Corp. (GRAM)

Role
Director
Signature
By: /s/ Michael Auerbach
Issuer symbol
GRAM
Transactions as of
15 Mar 2022
Transactions value $
$3,080
Form type
4
Date filed
05 Jul 2022, 20:07
Previous filing
02 Mar 2022
Next filing
04 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRAM Common Shares Options Exercise +607 +3.22% 19.5K 01 Jul 2022 Direct F1
transaction GRAM Common Shares Other $3.08K +308 +0% $10.00* 6.65M 15 Mar 2022 See Footnote F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GRAM Restricted Stock Units Award $0 +100K +686.67% $0.00 115K 30 Jun 2022 Common Shares 100K Direct F1, F4
transaction GRAM Restricted Stock Units Options Exercise $0 -607 -0.53% $0.00 114K 01 Jul 2022 Common Shares 607 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into Common Shares on a one-for-one basis.
F2 These shares were issued to Murphy Ofutt Common LLC pursuant to the terms of the agreement (the "LCV Acquisition Agreement") pursuant to which the Issuer acquired Left Coast Ventures, Inc. in connection with a tax deficiency holdback. Pursuant to terms of the LCV Acquistion Agreement, the Common Shares are valued at $10 per share.
F3 Consists of 6,606,845 Common Shares held by M3 DAAT LLC, 3,952 Common Shares held by Murphy Ofutt LCV LLC, 100 Common Shares held by Murphy Ofutt LLC and 308 Common Shares held by Murphy Ofutt Common LLC . Mr. Auerbach disclaims beneficial ownership over all of the shares held by these entities, except to the extent of his pecuniary interest.
F4 On June 30, 2022, the reporting person was granted 100,000 RSU's, 33% of which vests 1 year after the grant date. The remaining RSUs vest in 8 equal quarterly installments beginning on September 30, 2023.
F5 On June 1, 2021, the reporting person was granted 24,271 RSU's, 25% of which vested 180 days after the grant date (the "Initial Vesting Period"). The remaining RSUs vest in 30 equal monthly installments beginning on the first day of the first month following the Initial Vesting Period.