Michael Auerbach - 30 Jun 2023 Form 4 Insider Report for TPCO Holding Corp. (GRAM)

Role
Director
Signature
/s/ Michael Auerbach
Issuer symbol
GRAM
Transactions as of
30 Jun 2023
Transactions value $
$0
Form type
4
Filing time
05 Jul 2023, 18:22:57
Previous filing
02 Jun 2023
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 GRAM Common Shares Options Exercise +33K +126.2% 59.1K 30 Jun 2023 Direct F1
transaction GRAM Common Shares Options Exercise +606 +1.02% 59.8K 01 Jul 2023 Direct F1
holding GRAM Common Shares 6.65M 30 Jun 2023 See Footnote 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 GRAM Restricted Stock Units Options Exercise $0 -33K -30.76% $0.00 74.3K 01 Jul 2023 Common Shares 33K Direct F1, F3
transaction GRAM Restricted Stock Units Options Exercise $0 -606 -0.82% $0.00 73.7K 01 Jul 2023 Common Shares 606 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into Common Shares on a one-for-one basis.
F2 Consists of 6,606,845 Common Shares held by M3 DAAT LLC, 46,276 Common Shares held by Murphy Ofutt LCV LLC, 905 Common Shares held by Murphy Ofutt LLC and 308 Common Shares held by Murphy Ofutt Common LLC. Mr. Auerbach disclaims beneficial ownership over all of the shares held by these entities, except to the extent of his pecuniary interest.
F3 On June 30, 2022, the reporting person was granted 100,000 RSU's, 33% of which vested 1 year after the grant date (the "Initial Vesting Period"). The remaining RSUs vest in 8 equal quarterly installments.
F4 On June 1, 2021, the reporting person was granted 24,271 RSU's, 25% of which vested 180 days after the grant date (the "Initial Vesting Period"). The remaining RSUs vest in 30 equal monthly installments beginning on the first day of the first month following the Initial Vesting Period.