Ram Mukunda - Mar 31, 2023 Form 4 Insider Report for IGC Pharma, Inc. (IGC)

Role
CEO, Director
Signature
/s/ Ram Mukunda
Stock symbol
IGC
Transactions as of
Mar 31, 2023
Transactions value $
$0
Form type
4
Date filed
6/27/2023, 06:10 PM
Previous filing
Jun 28, 2022
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IGC Common Stock Options Exercise $0 +333K +11.08% $0.00 3.34M Mar 31, 2023 Direct F1
transaction IGC Common Stock Options Exercise $0 +233K +6.98% $0.00 3.57M Mar 31, 2023 Direct F2
transaction IGC Common Stock Gift $0 -400K -11.19% $0.00 3.17M Jun 23, 2023 Direct F3
transaction IGC Common Stock Options Exercise $0 +16.7K +2.24% $0.00 761K Mar 31, 2023 BY SPOUSE F1
transaction IGC Common Stock Options Exercise $0 +16.7K +2.19% $0.00 777K Mar 31, 2023 BY SPOUSE 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 IGC Restricted Stock Units Award $0 +700K $0.00 700K May 25, 2022 Common Stock 700K Direct F1, F2, F6
transaction IGC Restricted Stock Units Options Exercise $0 -233K -33.33% $0.00 467K Mar 31, 2023 Common Stock 233K Direct F2
transaction IGC Restricted Stock Units Options Exercise $0 -333K -50% $0.00 333K Mar 31, 2023 Common Stock 333K Direct F1
transaction IGC Restricted Stock Units Award $0 +1M $0.00 1M Jun 20, 2023 Common Stock 1M Direct F4, F6
transaction IGC Restricted Stock Units Award $0 +1.04M $0.00 1.04M Jun 20, 2023 Common Stock 1.04M Direct F5, F6
transaction IGC Restricted Stock Units Award $0 +50K $0.00 50K May 25, 2022 Common Stock 50K BY SPOUSE F2, F6
transaction IGC Restricted Stock Units Options Exercise $0 -12.5K -50% $0.00 12.5K Mar 31, 2023 Common Stock 12.5K BY SPOUSE F2, F6
transaction IGC Restricted Stock Units Options Exercise $0 -16.7K -50% $0.00 16.7K Mar 31, 2023 Common Stock 16.7K BY SPOUSE F1
transaction IGC Restricted Stock Units Award $0 +50K $0.00 50K Jun 20, 2023 Common Stock 50K BY SPOUSE F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 19, 2021, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three and two years, respectively, and starting on March 31, 2022.
F2 On May 25, 2022, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three years starting on March 31, 2023.
F3 Gift of shares of the Company's common stock to the reporting person's children who do not share the reporting person's household.
F4 On June 20, 2023, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three years starting on March 31, 2024.
F5 On June 20, 2023, the Reporting Person was granted RSUs subject to vesting according to specific milestones set by the Company's Board of Directors. The RSUs vest when milestones are achieved.
F6 Each restricted stock unit represents a right to receive one share of IGC common stock.