0001654954-23-010900.txt : 20230815 0001654954-23-010900.hdr.sgml : 20230815 20230815203700 ACCESSION NUMBER: 0001654954-23-010900 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230801 FILED AS OF DATE: 20230815 DATE AS OF CHANGE: 20230815 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: 231176291 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 X0508 4 2023-08-01 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 false Stock Options (right to buy) .045 2023-08-01 4 A false 1750000 0 A 2023-08-01 2029-08-01 Subordinate Voting Shares 1750000 1750000 D Restricted Stock Units Subordinate Voting Shares 33334 33334 D Stock Options (right to buy) 0.085 2028-12-23 Subordinate Voting Shares 75000 75000 D Stock Options (right to buy) 0.085 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) .85 2026-01-01 Subordinate Voting Shares 50000 50000 D Stock Options (right to buy) .346 2026-04-05 Subordinate Voting Shares 500000 500000 D 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 2023-08-15