NICHOLAS VITA - 03 May 2023 Form 4 Insider Report for Columbia Care Inc. (CBSTF)

Role: Chief Executive Officer, Director
Signature: /s/ David Sirolly as attorney-in-fact for Nicholas Vita
Issuer symbol: CBSTF
Transactions as of: 03 May 2023
Transactions value $: -$119,645
Form type: 4
Filing time: 05 May 2023, 20:27:51 UTC
Previous filing: 13 Apr 2023
Next filing: 13 Sep 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBSTF	Common Shares	Options Exercise		+85.7K	+8.32%		1.12M	03 May 2023	Direct	F1
transaction	CBSTF	Common Shares	Options Exercise		+224K	+20.06%		1.34M	03 May 2023	Direct	F1
transaction	CBSTF	Common Shares	Options Exercise		+232K	+17.34%		1.57M	03 May 2023	Direct	F1
transaction	CBSTF	Common Shares	Tax liability	-$120K	-244K	-15.54%	$0.49	1.33M	03 May 2023	Direct	F2
holding	CBSTF	Common Shares						25.4M	03 May 2023	Held by Vita Holdings LLC	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	CBSTF	Restricted Stock Units	Options Exercise		-224K	-50%		224K	03 May 2023	Common Shares	224K	$0.00	Direct	F1, F4
transaction	CBSTF	Restricted Stock Units	Options Exercise		-85.7K	-33.33%		171K	03 May 2023	Common Shares	85.7K	$0.00	Direct	F1, F5
transaction	CBSTF	Restricted Stock Units	Options Exercise		-232K	-25%		696K	03 May 2023	Common Shares	232K	$0.00	Direct	F1, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2	Converted from the Canadian price of $0.67 using an exchange rate of C$1.3612 = US$1.00.
F3	Held by Vita Holdings LLC, a company owned and controlled by the reporting person.
F4	894,663 RSUs were granted on March 31, 2020, and vested as follows: 1/4 annually beginning March 31, 2021, with settlement of vested RSUs to occur as soon as practicable following the vesting date.
F5	342,652 RSUs were granted on March 23, 2021, and vest as follows: 1/4 annually beginning March 23, 2022, with settlement of vested RSUs to occur as soon as practicable following the vesting date.
F6	928,572 RSUs were granted on March 31, 2022, and vest as follows: 1/4 annually beginning March 31, 2023, with settlement of vested RSUs to occur as soon as practicable following the vesting date.