James Moran - 31 Mar 2023 Form 4 Insider Report for IGC Pharma, Inc. (IGC)

Role
Director
Signature
/s/ James P Moran
Issuer symbol
IGC
Transactions as of
31 Mar 2023
Net transactions value
$0
Form type
4
Filing time
28 Jun 2023, 13:46:58 UTC
Previous filing
26 Jan 2022
Next filing
15 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IGC Common Stock Options Exercise $0 +50,000 +100% $0.000000 100,000 31 Mar 2023 Direct F1
transaction IGC Common Stock Options Exercise $0 +33,334 +33% $0.000000 133,334 31 Mar 2023 Direct F2

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 IGC Restricted Stock Units Award $0 +100,000 $0.000000 100,000 25 May 2022 Common Stock 100,000 Direct F2, F5
transaction IGC Restricted Stock Units Options Exercise $0 -33,334 -33% $0.000000 66,666 31 Mar 2023 Common Stock 33,334 Direct F2, F5
transaction IGC Restricted Stock Units Options Exercise $0 -50,000 -50% $0.000000 50,000 31 Mar 2023 Common Stock 50,000 Direct F1
transaction IGC Restricted Stock Units Award $0 +240,000 $0.000000 240,000 20 Jun 2023 Common Stock 240,000 Direct F3, F5
transaction IGC Restricted Stock Units Award $0 +200,000 $0.000000 200,000 20 Jun 2023 Common Stock 200,000 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 150,000 restricted shares of IGC common stock subject to vesting equally over three years starting on January 18, 2022, and then on March 31, 2023, and 2024, as per the RSU Agreement with Director Moran.
F2 On May 25, 2022, the Reporting Person was granted RSUs subject to vesting equally over three years starting on March 31, 2023.
F3 On June 20, 2023, the Reporting Person was granted RSUs subject to vesting equally over three years starting on March 31, 2024.
F4 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.
F5 Each restricted stock unit represents a right to receive one share of IGC common stock.