Hussein Rakine - 16 Apr 2023 Form 4 Insider Report for Flora Growth Corp. (FLGC)

Role
Chief Executive Officer, Director
Signature
/s/ Hussein Rakine
Issuer symbol
FLGC
Transactions as of
16 Apr 2023
Transactions value $
$0
Form type
4
Filing time
26 Apr 2023, 21:46:08
Next filing
27 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLGC Common Shares Award $0 +1.2M +243.89% $0.00 1.69M 16 Apr 2023 Direct F1, F2
holding FLGC Common Shares 6.93M 16 Apr 2023 See Footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 1,200,000 Common Shares reported are an equity award of Restricted Common Shares which vest on June 7, 2023.
F2 The Common Shares reported include the following Restricted Common Shares: (i) 1,200,000 shares which vest on June 7, 2023, (ii) 80,000 shares which vest on July 5, 2023, (iii) 149,253 shares which vest on on July 5, 2024 and (iv) 212,766 shares which vest on on July 5, 2025.
F3 These shares are held by ASH Group of Florida LLC ("ASH Group"). Voting and dispositive power over the shares held by ASH Group is held by Ash Group's board of directors, which is comprised of Ali Rakine, Hussein Rakine, Hassan Rakine and Solhail Mitha. The Reporting Person disclaims beneficial ownership of all shares owned by Ash Group, except to the extent of his pecuniary interest therein.