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
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	$194K	+41.9K	+3.22%	$4.63^*	1.34M	09 May 2022	Direct
transaction	EDBL	Common Stock, par value $0.0001 per share	Conversion of derivative security	$138K	+29.9K	+2.23%	$4.63^*	1.37M	09 May 2022	Direct
transaction	EDBL	Common Stock, par value $0.0001 per share	Conversion of derivative security	$110K	+23.9K	+1.74%	$4.63^*	1.4M	09 May 2022	Direct
transaction	EDBL	Common Stock, par value $0.0001 per share	Conversion of derivative security	$110K	+23.9K	+1.71%	$4.63^*	1.42M	09 May 2022	Direct
transaction	EDBL	Common Stock, par value $0.0001 per share	Conversion of derivative security	$82.5K	+17.8K	+1.26%	$4.63^*	1.44M	09 May 2022	Direct
transaction	EDBL	Common Stock, par value $0.0001 per share	Conversion of derivative security	$82.3K	+17.8K	+1.24%	$4.63^*	1.46M	09 May 2022	Direct
transaction	EDBL	Common Stock, par value $0.0001 per share	Conversion of derivative security	$82.3K	+17.8K	+1.22%	$4.63^*	1.47M	09 May 2022	Direct
transaction	EDBL	Common Stock, par value $0.0001 per share	Conversion of derivative security	$109K	+23.7K	+1.61%	$4.63^*	1.5M	09 May 2022	Direct
transaction	EDBL	Common Stock, par value $0.0001 per share	Conversion of derivative security	$109K	+23.6K	+1.58%	$4.63^*	1.52M	09 May 2022	Direct
transaction	EDBL	Common Stock, par value $0.0001 per share	Conversion of derivative security	$109K	+23.6K	+1.55%	$4.63^*	1.54M	09 May 2022	Direct
transaction	EDBL	Common Stock, par value $0.0001 per share	Conversion of derivative security	$81.5K	+17.6K	+1.14%	$4.63^*	1.56M	09 May 2022	Direct
transaction	EDBL	Common Stock, par value $0.0001 per share	Conversion of derivative security	$109K	+23.5K	+1.5%	$4.63^*	1.58M	09 May 2022	Direct
holding	EDBL	Common Stock, par value $0.0001 per share						400K	09 May 2022	By spouse
holding	EDBL	Common Stock, par value $0.0001 per share						40K	09 May 2022	By daughter
holding	EDBL	Common Stock, par value $0.0001 per share						40K	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	-$175K				$0	09 May 2022	Common Stock, par value $0.0001 per share	41.9K	$4.63	Direct	F1
transaction	EDBL	Convertible Note	Conversion of derivative security	-$125K				$0	09 May 2022	Common Stock, par value $0.0001 per share	29.9K	$4.63	Direct	F2
transaction	EDBL	Convertible Note	Conversion of derivative security	-$100K				$0	09 May 2022	Common Stock, par value $0.0001 per share	23.9K	$4.63	Direct	F3
transaction	EDBL	Convertible Note	Conversion of derivative security	-$100K				$0	09 May 2022	Common Stock, par value $0.0001 per share	23.9K	$4.63	Direct	F3
transaction	EDBL	Convertible Note	Conversion of derivative security	-$75K				$0	09 May 2022	Common Stock, par value $0.0001 per share	17.8K	$4.63	Direct	F4
transaction	EDBL	Convertible Note	Conversion of derivative security	-$75K				$0	09 May 2022	Common Stock, par value $0.0001 per share	17.8K	$4.63	Direct	F4
transaction	EDBL	Convertible Note	Conversion of derivative security	-$75K				$0	09 May 2022	Common Stock, par value $0.0001 per share	17.8K	$4.63	Direct	F4
transaction	EDBL	Convertible Note	Conversion of derivative security	-$100K				$0	09 May 2022	Common Stock, par value $0.0001 per share	23.7K	$4.63	Direct	F3
transaction	EDBL	Convertible Note	Conversion of derivative security	-$100K				$0	09 May 2022	Common Stock, par value $0.0001 per share	23.6K	$4.63	Direct	F3
transaction	EDBL	Convertible Note	Conversion of derivative security	-$100K				$0	09 May 2022	Common Stock, par value $0.0001 per share	23.6K	$4.63	Direct	F3
transaction	EDBL	Convertible Note	Conversion of derivative security	-$75K				$0	09 May 2022	Common Stock, par value $0.0001 per share	17.6K	$4.63	Direct	F4
transaction	EDBL	Convertible Note	Conversion of derivative security	-$100K				$0	09 May 2022	Common Stock, par value $0.0001 per share	23.5K	$4.63	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.