Francis Knuettel II - Jun 18, 2021 Form 4 Insider Report for Unrivaled Brands, Inc. (UNRV)

Role
CEO and President, Director
Signature
/s/ Francis Knuettel II
Stock symbol
UNRV
Transactions as of
Jun 18, 2021
Transactions value $
$0
Form type
4
Date filed
7/12/2021, 09:18 PM
Previous filing
Jul 12, 2021
Next filing
Jul 6, 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNRV Common Stock Award +423K 423K Jul 1, 2021 By Trust F1
transaction UNRV Common Stock Award $0 +200K +10.81% $0.00 2.05M Jun 18, 2021 Direct
transaction UNRV Common Stock Award $0 +400K +19.51% $0.00 2.45M Jul 1, 2021 Direct

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 UNRV Stock Options Award +769K 769K Jul 1, 2021 Common Stock 769K $0.13 Direct F2
transaction UNRV Warrant (Right to Buy) Award +192K 192K Jul 1, 2021 Common Stock 192K $0.01 By Trust F3
transaction UNRV Warrant (Right to Buy) Award +192K 192K Jul 1, 2021 Common Stock 192K $0.19 By Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's common stock acquired by the Reporting Person in connection with the Issuer's acquisition of UMBRLA Inc., a Nevada corporation ("UMBRLA"), pursuant to an Agreement and Plan of Merger, dated as of March 2, 2021, pursuant to which a wholly owned subsidiary of the Issuer merged with and into UMBRLA (the "Merger"), with UMBRLA surviving the Merger as a wholly owned subsidiary of the Issuer. At the effective time of the Merger, each share of UMBRLA common stock outstanding and held directly or indirectly by the Reporting Person was converted into the right to receive 1.5386 shares of the Issuer's common stock (the "Exchange Ratio").
F2 Represents UMBRLA stock options held by the Reporting Person that were assumed by the Issuer in the Merger and converted into options exercisable for shares of the Issuer's common stock, as calculated based on the Exchange Ratio. The exercise price was adjusted to reflect the Exchange Ratio.
F3 Represents UMBRLA warrants held by the Reporting Person that were assumed by the Issuer in the Merger and converted into warrants exercisable for shares of the Issuer's common stock, as calculated based on the Exchange Ratio. The exercise price was adjusted to reflect the Exchange Ratio.