Michael C James - 09 May 2022 Form 4 Insider Report for Edible Garden AG Inc (EDBL)

Role
Chief Financial Officer, Director, 10%+ Owner
Signature
/s/ Michael C. James
Issuer symbol
EDBL
Transactions as of
09 May 2022
Net transactions value
+$117,801
Form type
4
Filing time
11 May 2022, 16:30:48 UTC
Previous filing
09 May 2022
Next filing
02 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EDBL Common Stock, par value $0.0001 per share Conversion of derivative security $193,723 +41,886 +3.2% $4.62* 1,341,886 09 May 2022 Direct
transaction EDBL Common Stock, par value $0.0001 per share Conversion of derivative security $138,334 +29,910 +2.2% $4.62* 1,371,796 09 May 2022 Direct
transaction EDBL Common Stock, par value $0.0001 per share Conversion of derivative security $110,468 +23,885 +1.7% $4.62* 1,395,681 09 May 2022 Direct
transaction EDBL Common Stock, par value $0.0001 per share Conversion of derivative security $110,366 +23,863 +1.7% $4.62* 1,419,544 09 May 2022 Direct
transaction EDBL Common Stock, par value $0.0001 per share Conversion of derivative security $82,524 +17,843 +1.3% $4.62* 1,437,387 09 May 2022 Direct
transaction EDBL Common Stock, par value $0.0001 per share Conversion of derivative security $82,348 +17,805 +1.2% $4.62* 1,455,192 09 May 2022 Direct
transaction EDBL Common Stock, par value $0.0001 per share Conversion of derivative security $82,256 +17,785 +1.2% $4.62* 1,472,977 09 May 2022 Direct
transaction EDBL Common Stock, par value $0.0001 per share Conversion of derivative security $109,464 +23,668 +1.6% $4.62* 1,496,645 09 May 2022 Direct
transaction EDBL Common Stock, par value $0.0001 per share Conversion of derivative security $109,266 +23,625 +1.6% $4.62* 1,520,270 09 May 2022 Direct
transaction EDBL Common Stock, par value $0.0001 per share Conversion of derivative security $108,965 +23,560 +1.5% $4.62* 1,543,830 09 May 2022 Direct
transaction EDBL Common Stock, par value $0.0001 per share Conversion of derivative security $81,548 +17,632 +1.1% $4.62* 1,561,462 09 May 2022 Direct
transaction EDBL Common Stock, par value $0.0001 per share Conversion of derivative security $108,540 +23,468 +1.5% $4.62* 1,584,930 09 May 2022 Direct
holding EDBL Common Stock, par value $0.0001 per share 400,000 09 May 2022 By spouse
holding EDBL Common Stock, par value $0.0001 per share 40,000 09 May 2022 By daughter
holding EDBL Common Stock, par value $0.0001 per share 40,000 09 May 2022 By daughter

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 EDBL Convertible Note Conversion of derivative security $175,000 $0 09 May 2022 Common Stock, par value $0.0001 per share 41,886 $4.62 Direct F1
transaction EDBL Convertible Note Conversion of derivative security $125,000 $0 09 May 2022 Common Stock, par value $0.0001 per share 29,910 $4.62 Direct F2
transaction EDBL Convertible Note Conversion of derivative security $100,000 $0 09 May 2022 Common Stock, par value $0.0001 per share 23,885 $4.62 Direct F3
transaction EDBL Convertible Note Conversion of derivative security $100,000 $0 09 May 2022 Common Stock, par value $0.0001 per share 23,863 $4.62 Direct F3
transaction EDBL Convertible Note Conversion of derivative security $75,000 $0 09 May 2022 Common Stock, par value $0.0001 per share 17,843 $4.62 Direct F4
transaction EDBL Convertible Note Conversion of derivative security $75,000 $0 09 May 2022 Common Stock, par value $0.0001 per share 17,805 $4.62 Direct F4
transaction EDBL Convertible Note Conversion of derivative security $75,000 $0 09 May 2022 Common Stock, par value $0.0001 per share 17,785 $4.62 Direct F4
transaction EDBL Convertible Note Conversion of derivative security $100,000 $0 09 May 2022 Common Stock, par value $0.0001 per share 23,668 $4.62 Direct F3
transaction EDBL Convertible Note Conversion of derivative security $100,000 $0 09 May 2022 Common Stock, par value $0.0001 per share 23,625 $4.62 Direct F3
transaction EDBL Convertible Note Conversion of derivative security $100,000 $0 09 May 2022 Common Stock, par value $0.0001 per share 23,560 $4.62 Direct F3
transaction EDBL Convertible Note Conversion of derivative security $75,000 $0 09 May 2022 Common Stock, par value $0.0001 per share 17,632 $4.62 Direct F4
transaction EDBL Convertible Note Conversion of derivative security $100,000 $0 09 May 2022 Common Stock, par value $0.0001 per share 23,468 $4.62 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon the closing of the Issuer's initial public offering, the Convertible Note automatically converted into shares of common stock by dividing the then-outstanding principal and interest due under the Convertible Note by $4.625. The Reporting Person held a Convertible Note for $175,000 that accrued interest at 12% per annum.
F2 Upon the closing of the Issuer's initial public offering, the Convertible Note automatically converted into shares of common stock by dividing the then-outstanding principal and interest due under the Convertible Note by $4.625. The Reporting Person held a Convertible Note for $125,000 that accrued interest at 12% per annum.
F3 Upon the closing of the Issuer's initial public offering, the Convertible Note automatically converted into shares of common stock by dividing the then-outstanding principal and interest due under the Convertible Note by $4.625. The Reporting Person held a Convertible Note for $100,000 that accrued interest at 12% per annum.
F4 Upon the closing of the Issuer's initial public offering, the Convertible Note automatically converted into shares of common stock by dividing the then-outstanding principal and interest due under the Convertible Note by $4.625. The Reporting Person held a Convertible Note for $75,000 that accrued interest at 12% per annum.