James E. Kras - May 9, 2022 Form 4 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 9, 2022
Transactions value $
$2,619
Form type
4
Date filed
5/11/2022, 04:32 PM
Previous filing
May 9, 2022
Next filing
May 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EDBL Common Stock, par value $0.0001 per share Conversion of derivative security $27.8K +6.02K +0.44% $4.63* 1.39M May 9, 2022 Direct
holding EDBL Common Stock, par value $0.0001 per share 400K May 9, 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
transaction EDBL Convertible Note Conversion of derivative security -$25.2K $0 May 9, 2022 Common Stock, par value $0.0001 per share 6.02K $4.63 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 automatically converted into shares of common stock by dividing the then-outstanding principal and interest due under the Convertible Note by $4.625. The Reporting Person held a Convertible Note for $25,200 that accrued interest at 12% per annum.