James P. Moran - Mar 13, 2024 Form 4 Insider Report for IGC Pharma, Inc. (IGC)

Role
Director
Signature
/s/ James P Moran
Stock symbol
IGC
Transactions as of
Mar 13, 2024
Transactions value $
$0
Form type
4
Date filed
3/15/2024, 09:05 PM
Previous filing
Jun 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IGC Common Stock Options Exercise $0 +50K +37.5% $0.00 183K Mar 13, 2024 Direct F1
transaction IGC Common Stock Options Exercise $0 +33.3K +18.18% $0.00 217K Mar 13, 2024 Direct F2
transaction IGC Common Stock Options Exercise $0 +80K +36.92% $0.00 297K Mar 13, 2024 Direct F3
transaction IGC Common Stock Options Exercise $0 +28.5K +9.61% $0.00 325K Mar 13, 2024 Direct F4
transaction IGC Common Stock Options Exercise $0 +29K +8.92% $0.00 354K Mar 13, 2024 Direct F4

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 Options Exercise $0 -33.3K -50% $0.00 33.3K Mar 13, 2024 Common Stock 33.3K Direct F2, F5
transaction IGC Restricted Stock Units Options Exercise $0 -50K -100% $0.00* 0 Mar 13, 2024 Common Stock 50K Direct F1, F5
transaction IGC Restricted Stock Units Options Exercise $0 -80K -33.33% $0.00 160K Mar 13, 2024 Common Stock 80K Direct F3, F5
transaction IGC Restricted Stock Units Options Exercise $0 -57.5K -28.75% $0.00 143K Mar 13, 2024 Common Stock 57.5K Direct F4, F5
transaction IGC Restricted Stock Units Award $0 +150K $0.00 150K Mar 13, 2024 Common Stock 150K Direct F5, F6
transaction IGC Restricted Stock Units Award $0 +100K $0.00 100K Mar 13, 2024 Common Stock 100K Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 150,000 restricted shares of IGC common stock subject to vesting equally over three years starting on January 18, 2022, and then on March 2023 and 2024, as per the RSU Agreement with Director Moran.
F2 On May 25, 2022, the Reporting Person was granted RSUs subject to vesting equally over three years starting March 2023.
F3 On June 20, 2023, the Reporting Person was granted RSUs subject to vesting equally over three years starting March 2024.
F4 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.
F5 Each restricted stock unit represents a right to receive one share of IGC common stock.
F6 On March 13, 2024, the Reporting Person was granted RSUs subject to vesting equally over three years starting March 2025.
F7 On March 13, 2024, 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.