Jessica Billingsley - 21 Oct 2022 Form 4 Insider Report for Akerna Corp. (KERN)

Role: Chairman and CEO, Director, 10%+ Owner
Signature: /s/ Jessica Billingsley
Issuer symbol: KERN
Transactions as of: 21 Oct 2022
Net transactions value: $0
Form type: 4
Filing time: 02 Dec 2022, 11:10:37 UTC
Previous filing: 02 Dec 2022
Next filing: 10 Jul 2023
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		+125	+2%		6,367	21 Oct 2022	Direct	F1, F2
transaction	KERN	Common Shares	Options Exercise		+250	+3.9%		6,617	21 Oct 2022	Direct	F1, F2
holding	KERN	Common Shares						53,915	21 Oct 2022	Jessica Billingsley Living Trust	F1, F5

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	-125	-50%	$0.000000	125	21 Oct 2022	Common Shares	125		Direct	F1, F2, F3
transaction	KERN	Restricted Stock Units	Options Exercise	$0	-250	-33%	$0.000000	500	21 Oct 2022	Common Shares	250		Direct	F1, F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The transactions and totals reported herein reflect the Issuer's 20:1 reverse stock split effective as of November 8, 2022.
F2	Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3	The RSUs were granted on October 19, 2019, and vest as follows: one-fourth on July 1, 2020; one-fourth on July 1, 2021;one-fourth on July 1, 2022; and one-fourth on July 1, 2023. Settlement of vested RSUs will occur as soon as administratively feasible following the applicable vesting date. (Note: These RSUs were previously reported in Table II with a grant date of February 20, 2020.)
F4	The RSUs were granted on September 4, 2020, and vest as follows: one-fourth on July 1, 2021; one-fourth on July 1, 2022; one-fourth on July 1, 2023; and one-fourth on July 1, 2024. Settlement of vested RSUs will occur as soon as administratively feasible following the applicable vesting date.
F5	The reporting person is the trustee of the Jessica Billingsley Living Trust (the "Trust") and has voting and investment discretion with respect to the shares of common stock held of record by the Trust. The reporting person may have or share beneficial ownership of such shares.