Cecil Ray Thompson JR - Oct 21, 2022 Form 4 Insider Report for Akerna Corp. (KERN)

Role
Chief Operating Officer, 10%+ Owner
Signature
/s/ Cecil Ray Thompson Jr.
Stock symbol
KERN
Transactions as of
Oct 21, 2022
Transactions value $
$0
Form type
4
Date filed
12/7/2022, 12:43 PM
Previous filing
Apr 8, 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 +125 +3.99% 3.26K Oct 21, 2022 Direct F1, F2
transaction KERN Common Shares Options Exercise +250 +7.68% 3.51K Oct 21, 2022 Direct F1, F2

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% $0.00 125 Oct 21, 2022 Common Shares 125 Direct F1, F2, F3
transaction KERN Restricted Stock Units Options Exercise $0 -250 -33.33% $0.00 500 Oct 21, 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 restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F3 The restricted stock units were granted on October 17, 2019, and vest as follows: one-fourth on January 1, 2020; one-fourth on January 1, 2021; one-fourth on January 1, 2022; and one-fourth on January 1, 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.
F4 The restricted stock units 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; 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.