Ram Mukunda - Mar 13, 2024 Form 4 Insider Report for IGC Pharma, Inc. (IGC)

Role
CEO, Director
Signature
/s/ Ram Mukunda
Stock symbol
IGC
Transactions as of
Mar 13, 2024
Transactions value $
$0
Form type
4
Date filed
3/18/2024, 03:52 PM
Previous filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IGC Common Stock Options Exercise $0 +333K +12.95% $0.00 2.91M Mar 13, 2024 Direct F1
transaction IGC Common Stock Options Exercise $0 +233K +8.02% $0.00 3.14M Mar 13, 2024 Direct F2
transaction IGC Common Stock Options Exercise $0 +333K +10.61% $0.00 3.47M Mar 13, 2024 Direct F4
transaction IGC Common Stock Options Exercise $0 +251K +7.23% $0.00 3.73M Mar 13, 2024 Direct F5
transaction IGC Common Stock Gift $0 -200K -5.37% $0.00 3.53M Mar 13, 2024 Direct F3
transaction IGC Common Stock Options Exercise $0 +16.7K +2.14% $0.00 794K Mar 13, 2024 BY SPOUSE F1
transaction IGC Common Stock Options Exercise $0 +16.7K +2.1% $0.00 811K Mar 13, 2024 BY SPOUSE 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 -233K -50% $0.00 233K Mar 13, 2024 Common Stock 233K Direct F2, F6
transaction IGC Restricted Stock Units Options Exercise $0 -333K -100% $0.00* 0 Mar 13, 2024 Common Stock 333K Direct F1, F6
transaction IGC Restricted Stock Units Options Exercise $0 -333K -33.33% $0.00 667K Mar 13, 2024 Common Stock 333K Direct F4, F6
transaction IGC Restricted Stock Units Options Exercise $0 -251K -24.28% $0.00 784K Mar 13, 2024 Common Stock 251K Direct F5, F6
transaction IGC Options Award $0 +1M $0.00* 0 Mar 13, 2024 Common Stock 1M Direct F7
transaction IGC Options Award $0 +1.5M $0.00* 0 Mar 13, 2024 Common Stock 1.5M Direct F8
transaction IGC Restricted Stock Units Options Exercise $0 -16.7K -100% $0.00* 0 Mar 13, 2024 Common Stock 16.7K BY SPOUSE F1, F6
transaction IGC Restricted Stock Units Options Exercise $0 -16.7K -33.33% $0.00 33.3K Mar 13, 2024 Common Stock 16.7K 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. One milestone (156,750) was achieved, and one milestone (156,750) was not achieved.
F6 Each restricted stock unit represents a right to receive one share of IGC common stock.
F7 On March 13, 2024, the Reporting Person was granted options exercisable at $0.26, vesting over three years starting in March 2025.
F8 On March 13, 2024, the Reporting Person was granted options exercisable at $0.26 vesting at the time that certain milestones set by the Board of Directors are achieved.