Statement of Changes in Beneficial Ownership (4)
June 09 2021 - 5:17PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Mote William E. Jr |
2. Issuer Name and Ticker or Trading Symbol
Greenlane Holdings, Inc.
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GNLN
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Financial Officer |
(Last)
(First)
(Middle)
C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/10/2020 |
(Street)
BOCA RATON, FL 33487
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 6/7/2021 | | M | | 21650 | A | $3.32 | 49606 | D | |
Class A Common Stock | 6/7/2021 | | S | | 21650 | D | $3.94 | 27956 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (right to buy) | $3.32 | 8/10/2020 | | A | | 86599 | | (1) | 8/10/2030 | Class A Common Stock | 86599 | $0 | 86599 | D | |
Stock Option (right to buy) | $3.32 | 6/7/2021 | | M | | | 21650 | (1) | 8/10/2030 | Class A Common Stock | 21650 | $0 | 64949 | D | |
Explanation of Responses: |
(1) | The Reporting Person received a grant of Class A Common Stock and Stock Options on August 10, 2020 under the Issuer's 2019 Equity Incentive Plan. The shares of Class A Common Stock and Stock Options beneficially owned by the Reporting Person vested 1/4 as of the grant date and will vest ratably on each of the first three anniversaries of the date of the grant, such that on August 10, 2024, the Reporting Person's shares of Class A Common Stock and Stock Options shall be 100% vested. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Mote William E. Jr C/O GREENLANE HOLDINGS, INC. 1095 BROKEN SOUND PARKWAY, SUITE 300 BOCA RATON, FL 33487 |
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| Chief Financial Officer |
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Signatures
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/s/ Douglas Fischer, as attorney-in-fact for William E. Mote, Jr. | | 6/9/2021 |
**Signature of Reporting Person | Date |
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