RICHARD K. PRINS - 13 Mar 2024 Form 4 Insider Report for IGC Pharma, Inc. (IGC)

Role: Director
Signature: /s/ Richard Prins
Issuer symbol: IGC
Transactions as of: 13 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 15 Mar 2024, 21:09:41 UTC
Previous filing: 20 Nov 2023
Next filing: 05 Jun 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	+100,000	+11%	$0.000000	1,013,334	13 Mar 2024	Direct	F1
transaction	IGC	Common Stock	Options Exercise	$0	+58,333	+5.8%	$0.000000	1,071,667	13 Mar 2024	Direct	F2
transaction	IGC	Common Stock	Options Exercise	$0	+100,000	+9.3%	$0.000000	1,171,667	13 Mar 2024	Direct	F3
transaction	IGC	Common Stock	Options Exercise	$0	+42,750	+3.6%	$0.000000	1,214,417	13 Mar 2024	Direct	F4
transaction	IGC	Common Stock	Options Exercise	$0	+28,500	+2.3%	$0.000000	1,242,917	13 Mar 2024	Direct	F4

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	Options Exercise	$0	-100,000	-50%	$0.000000	100,000	13 Mar 2024	Common Stock	100,000		Direct	F1, F5
transaction	IGC	Restricted Stock Units	Options Exercise	$0	-58,333	-50%	$0.000000	58,333	13 Mar 2024	Common Stock	58,333		Direct	F2, F5
transaction	IGC	Restricted Stock Units	Options Exercise	$0	-100,000	-33%	$0.000000	200,000	13 Mar 2024	Common Stock	100,000		Direct	F3, F5
transaction	IGC	Restricted Stock Units	Options Exercise	$0	-71,250	-25%	$0.000000	213,750	13 Mar 2024	Common Stock	71,250		Direct	F4, F5
transaction	IGC	Restricted Stock Units	Award	$0	+210,000		$0.000000	210,000	13 Mar 2024	Common Stock	210,000		Direct	F5, F6
transaction	IGC	Restricted Stock Units	Award	$0	+175,000		$0.000000	175,000	13 Mar 2024	Common Stock	175,000		Direct	F5, F7

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

Explanation of Responses:

Id	Content
F1	On July 19, 2021, the Reporting Person was granted RSUs subject to vesting equally over three years starting on March 31, 2022.
F2	On May 25, 2022, the Reporting Person was granted RSUs subject to vesting equally over three years starting March 2023.
F3	On June 20, 2023, the Reporting Person was granted RSUs subject to vesting equally over three years starting March 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.
F6	On March 13, 2024, the Reporting Person was granted RSUs subject to vesting equally over three years starting March 2025.
F7	On March 13, 2024, 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.