AI assistant
Flora Growth Corp. — Director's Dealing 2023
Jan 3, 2023
35128_dirs_2023-01-03_8ac19ddc-ca4a-4689-b453-4fed4cb1fc6d.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Flora Growth Corp. (FLGC)
CIK: 0001790169
Period of Report: 2023-01-01-05:00
Reporting Person: MERCHAN LUIS (N/A)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 1975149 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Options (Right to Buy) | $2.25 | 2025-11-04-05:00 | Common Shares (666666) | Direct | |
| Options (Right to Buy) | $2.04 | 2026-12-16-05:00 | Common Shares (125000) | Direct | |
| Options (Right to Buy) | $0.67 | 2026-01-01-05:00 | Common Shares (367347) | Direct |
Footnotes
F1: These Common Shares contain restricted share grants to the Reporting Person by the issuer as further described in footnote (2) below.
F2: The Common Shares reported include the following Restricted Common Shares (i) 102,040 shares which vest on July 5, 2023, (ii) 328,358 shares which vest on July 5, 2024 and (iii) 468,085 shares which vest on July 5, 2025.
F3: These options are immediately exercisable.
F4: These options shall vest if (i) the total shareholder return of the Issuer's Common Shares on the Nasdaq Capital Market exceeds the total shareholder return on the ETFMG Alternative Harvest ETF for the 12 months ended December 31, 2023, which shall be measured on December 31, 2023 or (ii) the total shareholder return of the Issuer's Common Shares on the Nasdaq Capital Market exceeds the total shareholder return on the ETFMG Alternative Harvest ETF for the 12 months ended December 31, 2024, which shall be measured on December 31, 2024.