Nicholas Kovacevich - Aug 31, 2021 Form 4 Insider Report for KushCo Holdings, Inc. (KSHB)

Role: Chairman and CEO, Director
Signature: /s/ Stephen Christoffersen, as attorney-in-fact
Stock symbol: KSHB
Transactions as of: Aug 31, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/1/2021, 05:27 PM
Previous filing: Jul 13, 2021
Next filing: Sep 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KSHB	Common Stock	Disposed to Issuer		-5.28M	-100%		0	Aug 31, 2021	Direct	F1
transaction	KSHB	Common Stock	Disposed to Issuer		-4M	-100%		0	Aug 31, 2021	by TRUST	F2, F3

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	KSHB	Option to Purchase	Disposed to Issuer		-83.3K	-100%		0	Aug 31, 2021	Common Stock	83.3K	$1.33	Direct	F4
transaction	KSHB	Option to Purchase	Disposed to Issuer		-500K	-100%		0	Aug 31, 2021	Common Stock	500K	$0.63	Direct	F5
transaction	KSHB	Option to Purchase	Disposed to Issuer		-30K	-100%		0	Aug 31, 2021	Common Stock	30K	$0.63	Direct	F6
transaction	KSHB	Option to Purchase	Disposed to Issuer		-75K	-100%		0	Aug 31, 2021	Common Stock	75K	$0.63	Direct	F7
transaction	KSHB	Option to Purchase	Disposed to Issuer		-265K	-100%		0	Aug 31, 2021	Common Stock	265K	$0.63	Direct	F8
transaction	KSHB	Option to Purchase	Disposed to Issuer		-100K	-100%		0	Aug 31, 2021	Common Stock	100K	$0.58	Direct	F9
transaction	KSHB	Option to Purchase	Disposed to Issuer		-97.8K	-100%		0	Aug 31, 2021	Common Stock	97.8K	$0.79	Direct	F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Nicholas Kovacevich is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Disposed of pursuant to merger agreement between issuer and Greenlane Holdings, Inc. in exchange for 1,593,211 shares of Greenlane Holdings, Inc. common stock having a market value of $2.61 per share on the effective date of the merger. This number includes 100,582 restricted stock units that accelerated and vested in full prior to the merger.
F2	Disposed of pursuant to merger agreement between issuer and Greenlane Holdings, Inc. in exchange for 1,206,400 shares of Greenlane Holdings, Inc. common stock having a market value of $2.61 per share on the effective date of the merger.
F3	These shares were held in trusts for the benefit of the Reporting Person and the Reporting Person's spouse. The Reporting Person had investment control over the shares held by such trusts.
F4	This option, which was fully vested, was assumed by Greenlane Holdings, Inc. in the merger and replaced with an option to purchase 25,133 shares of Greenlane Holdings, Inc. common stock for $4.41 per share.
F5	This option, which was fully vested, was assumed by Greenlane Holdings, Inc. in the merger and replaced with an option to purchase 150,800 shares of Greenlane Holdings, Inc. common stock for $2.09 per share.
F6	This option, which vested in full in connection with the merger, was assumed by Greenlane Holdings, Inc. in the merger and replaced with an option to purchase 9,048 shares of Greenlane Holdings, Inc. common stock for $2.09 per share.
F7	This option, which vested in full in connection with the merger, was assumed by Greenlane Holdings, Inc. in the merger and replaced with an option to purchase 22,620 shares of Greenlane Holdings, Inc. common stock for $2.09 per share.
F8	This option, which vested in full in connection with the merger, was assumed by Greenlane Holdings, Inc. in the merger and replaced with an option to purchase 79,924 shares of Greenlane Holdings, Inc. common stock for $2.09 per share.
F9	This option, which was fully vested, was assumed by Greenlane Holdings, Inc. in the merger and replaced with an option to purchase 30,160 shares of Greenlane Holdings, Inc. common stock for $1.93 per share.
F10	This option, which was fully vested, was assumed by Greenlane Holdings, Inc. in the merger and replaced with an option to purchase 29,484 shares of Greenlane Holdings, Inc. common stock for $2.62 per share.