Michael Serruya - 17 Aug 2021 Form 3 Insider Report for MedMen Enterprises, Inc. (MMNFF)

Role
Director
Signature
/s/ Michael Serruya
Issuer symbol
MMNFF
Transactions as of
17 Aug 2021
Transactions value $
$0
Form type
3
Filing time
27 Aug 2021, 20:19:34 UTC
Previous filing
05 Aug 2021
Next filing
13 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MMNFF Class B Subordinate Voting Shares 17,273,371 17 Aug 2021 By S5 Holdings LLC

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
holding MMNFF Warrants 17 Aug 2021 Class B Voting Subordinate Voting Shares 4,318,343 $0.288 By S5 Holdings LLC
holding MMNFF Short-Term Subscription Right 17 Aug 2021 Class B Voting Subordinate Voting Shares By S5 Holdings LLC F1
holding MMNFF 6% Senior Secured Convertible Notes 17 Aug 2021 Class B Voting Subordinate Voting Shares 64,267,643 By S5 Holdings LLC F2, F3
holding MMNFF Warrants 17 Aug 2021 Class B Voting Subordinate Voting Shares 10,788,748 By S5 Holdings LLC F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Short-Term Subscription Right entitles holder to acquire (a) an aggregate of 20,833,333 Units at an exercise price of $0.24 per Unit (with each Unit consisting of one Class B Subordinate Voting Share (the "Shares"), and 1/4 share purchase warrant; whole warrant exercise price is $0.288 per Share), or (b) $5 million principal amount of notes at par, convertible into 21, 209,162 Shares at a weighted average conversion price of $0.2357 per Share.
F2 Convertible Notes have a weighted average conversion price of $0.2357 per Share.
F3 Securities reported represent the proportionate amount attributed to S5 Holdings LLC, which holds an investment interest in SuperHero Acquisition L.P. (the "LP"), which directly holds such securities. S5 Holdings LLC is solely owned by the Reporting Person.
F4 Warrants have expiration dates ranging from April 23, 2022 to January 11, 2026.
F5 Warrants have a weighted average exercise price of $0.3712 per Share.