0001654954-22-017060.txt : 20221229
0001654954-22-017060.hdr.sgml : 20221229
20221229192425
ACCESSION NUMBER: 0001654954-22-017060
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221223
FILED AS OF DATE: 20221229
DATE AS OF CHANGE: 20221229
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ainsworth Mark L
CENTRAL INDEX KEY: 0001861849
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-56254
FILM NUMBER: 221499925
MAIL ADDRESS:
STREET 1: 19 QUAIL RUN CIRCLE, SUITE B
CITY: SALINAS
STATE: CA
ZIP: 93907
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Lowell Farms Inc.
CENTRAL INDEX KEY: 0001838128
STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100]
IRS NUMBER: 000000000
STATE OF INCORPORATION: A1
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 19 QUAIL RUN CIRCLE - SUITE B
CITY: SALINAS
STATE: CA
ZIP: 93907
BUSINESS PHONE: (831) 998-8214
MAIL ADDRESS:
STREET 1: 19 QUAIL RUN CIRCLE - SUITE B
CITY: SALINAS
STATE: CA
ZIP: 93907
FORMER COMPANY:
FORMER CONFORMED NAME: Indus Holdings, Inc.
DATE OF NAME CHANGE: 20201228
4
1
section16.xml
PRIMARY DOCUMENT
X0306
4
2022-12-23
0001838128
Lowell Farms Inc.
LOWLF
0001861849
Ainsworth Mark L
C/O LOWELL FARMS INC.
19 QUAIL RUN CIRCLE, SUITE B
SALINAS
CA
93907
true
true
false
false
Chief Executive Officer
Subordinate Voting Shares
2022-12-23
4
M
false
33333
0
A
483333
D
Subordinate Voting Shares
2022-12-23
4
F
false
33333
0.085
D
450000
D
Restricted Stock Units
2022-12-23
4
M
false
33333
0
D
Subordinate Voting Shares
33333
33334
D
Stock Options (right to buy)
0.085
2022-12-23
4
A
false
75000
0
A
2028-12-23
Subordinate Voting Shares
75000
75000
D
Stock Options (right to buy)
0.085
2022-12-23
4
A
false
150000
0
A
2028-12-23
Subordinate Voting Shares
150000
150000
D
Stock Options (right to buy)
0.3077
2028-01-13
Subordinate Voting Shares
125000
125000
D
Stock Options (right to buy)
0.3077
2028-01-13
Subordinate Voting Shares
75000
75000
D
Stock Options (right to buy)
0.85
2026-01-01
Subordinate Voting Shares
50000
50000
D
Stock Options (right to buy)
0.346
2026-04-05
Subordinate Voting Shares
500000
500000
D
No shares were sold by the Reporting Person. These shares were withheld by the Issuer to fund tax liability attributable to the vesting and settlement of the Restricted Stock Units ("RSUs") reported on this Form 4. These RSUs vested and were settled on December 23, 2022, and there were no related discretionary transactions or open market sales.
Each RSU represents a contingent right to receive one Subordinate Voting Share on the vesting date.
The RSUs vest in three equal annual installments beginning on December 23, 2021.
25% of the options vest and become exercisable at the end of each calendar quarter in 2023.
25% of the options vest and become exercisable on each of the first four anniversaries of the date of grant.
25% of the options vest and become exercisable on each of the first four anniversaries of the date of grant.
25% of the options vest and become exercisable at the end of each calendar quarter in 2022.
25% of the options were vested and exercisable as of the date of this reporting person's Form 3. The remainder of the options vest and become exercise in three equal annual installments beginning on January 1, 2022.
25% of the options were vested and exercisable as of the date of this reporting person's Form 3. The remainder of the options vest and become exercisable in three equal annual installments beginning on April 15, 2022.
/s/ Mark Ainsworth
2022-12-29