William E. Mote Jr - Aug 10, 2020 Form 4 Insider Report for Greenlane Holdings, Inc. (GNLN)

Role: Chief Financial Officer
Signature: /s/ Douglas Fischer, as attorney-in-fact for William E. Mote, Jr.
Stock symbol: GNLN
Transactions as of: Aug 10, 2020
Transactions value $: -$13,423
Form type: 4
Date filed: 6/9/2021, 05:16 PM
Next filing: Jun 25, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GNLN	Class A Common Stock	Options Exercise	$71.9K	+21.7K	+77.44%	$3.32	49.6K	Jun 7, 2021	Direct
transaction	GNLN	Class A Common Stock	Sale	-$85.3K	-21.7K	-43.64%	$3.94^*	28K	Jun 7, 2021	Direct

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	GNLN	Stock Option (right to buy)	Award	$0	+86.6K		$0.00	86.6K	Aug 10, 2020	Class A Common Stock	86.6K	$3.32	Direct	F1
transaction	GNLN	Stock Option (right to buy)	Options Exercise	$0	-21.7K	-25%	$0.00	64.9K	Jun 7, 2021	Class A Common Stock	21.7K	$3.32	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The Reporting Person received a grant of Class A Common Stock and Stock Options on August 10, 2020 under the Issuer's 2019 Equity Incentive Plan. The shares of Class A Common Stock and Stock Options beneficially owned by the Reporting Person vested 1/4 as of the grant date and will vest ratably on each of the first three anniversaries of the date of the grant, such that on August 10, 2024, the Reporting Person's shares of Class A Common Stock and Stock Options shall be 100% vested.

Content

The Reporting Person received a grant of Class A Common Stock and Stock Options on August 10, 2020 under the Issuer's 2019 Equity Incentive Plan. The shares of Class A Common Stock and Stock Options beneficially owned by the Reporting Person vested 1/4 as of the grant date and will vest ratably on each of the first three anniversaries of the date of the grant, such that on August 10, 2024, the Reporting Person's shares of Class A Common Stock and Stock Options shall be 100% vested.