James E. Kras - May 4, 2022 Form 3 Insider Report for Edible Garden AG Inc (EDBL)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ Michael C. James, Attorney-in-Fact for James E. Kras
Stock symbol
EDBL
Transactions as of
May 4, 2022
Transactions value $
$0
Form type
3
Date filed
5/9/2022, 04:18 PM
Next filing
May 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding EDBL Common Stock, par value $0.0001 per share 1.38M May 4, 2022 Direct
holding EDBL Common Stock, par value $0.0001 per share 400K May 4, 2022 By spouse

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
holding EDBL Convertible Note May 4, 2022 Common Stock, par value $0.0001 per share 6.02K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon the closing of the Issuer's initial public offering, the Convertible Note will automatically convert into shares of common stock by dividing the then-outstanding principal and interest due under the Convertible Note by $4.625. The Reporting Person holds a Convertible Note for $25,200 that accrues interest at 12% per annum.