Nina Simosko - 21 Dec 2021 Form 4 Insider Report for Akerna Corp. (KERN)

Role
Chief Revenue Officer
Signature
/s/ John Michael Fowle Jr. as attorney-in-fact for Nina Simosko
Issuer symbol
KERN
Transactions as of
21 Dec 2021
Net transactions value
-$30,230
Form type
4
Filing time
13 Jan 2022, 14:11:14 UTC
Previous filing
13 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KERN Common Shares Options Exercise +31,289 +120% 57,321 21 Dec 2021 Direct F1
transaction KERN Common Shares Options Exercise +5,000 +8.7% 62,321 21 Dec 2021 Direct F1
transaction KERN Common Shares Tax liability $30,230 -15,115 -24% $2.00* 47,206 21 Dec 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 KERN Restricted Stock Units Options Exercise $0 -31,289 -33% $0.000000 62,578 21 Dec 2021 Common Shares 31,289 Direct F1, F2
transaction KERN Restricted Stock Units Options Exercise $0 -5,000 -25% $0.000000 15,000 21 Dec 2021 Common Shares 5,000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of KERN common stock.
F2 The restricted stock units were granted on October 7, 2019, and vest as follows: 1/4 on October 7, 2020; 1/4 on October 7, 2021; 1/4 on October 7, 2022; and 1/4 on October 7, 2023; provided that the RSUs shall vest immediately upon a change in control. Settlement of vested RSUs will occur as soon as administratively feasible following the applicable vesting date.
F3 The restricted stock units were granted on April 26, 2021, and vest as follows: 1/4 on December 1, 2021; 1/4 on December 1, 2022; 1/4 on December 1, 2023; and 1/4 on December 1, 2024; provided that the RSUs shall vest immediately upon a change in control. Settlement of vested RSUs will occur as soon as administratively feasible following the applicable vesting date.