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