Cecil Ray Thompson JR - 04 Dec 2021 Form 4 Insider Report for Akerna Corp. (KERN)

Role: Chief Operating Officer, 10%+ Owner
Signature: /s/ John Michael Fowle Jr., as attorney-in-fact for Cecil Ray Thompson JR
Issuer symbol: KERN
Transactions as of: 04 Dec 2021
Net transactions value: +$39.7
Form type: 4
Filing time: 14 Jan 2022, 14:22:47 UTC
Previous filing: 14 Jan 2022
Next filing: 08 Apr 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	Purchase	$1,000	+465	+0.95%	$2.15^*	49,656	04 Dec 2021	Direct
transaction	KERN	Common Shares	Purchase	$1,500	+655	+1.3%	$2.29^*	50,311	04 Dec 2021	Direct
transaction	KERN	Common Shares	Options Exercise		+5,000	+9.9%		55,311	21 Dec 2021	Direct	F1
transaction	KERN	Common Shares	Tax liability	$2,460	-1,230	-2.2%	$2.00^*	54,081	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	-5,000	-25%	$0.000000	15,000	21 Dec 2021	Common Shares	5,000		Direct	F1, F2

* 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 the Issuer's common stock.
F2	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.