Form 4: Jushi Holdings Director Cancels Stock Option, Replacement Option Forthcoming

Director Bill Wafford canceled an option for 100,806 Jushi Holdings Subordinate Voting Shares, with a replacement option expected around September 17, 2024.

Summary

• On August 14, 2024, Jushi Holdings director Bill Wafford canceled an option for 100,806 Subordinate Voting Shares.
• The original option was granted on October 3, 2023, and was set to expire on October 10, 2032.
• The cancellation was part of the issuer's option regrant program.
• Wafford will receive a replacement option for the same number of shares (100,806) on or about September 17, 2024.
• The exercise price of the original option was $1.91.

Sentiment

Score: 6

Explanation: The document describes a routine transaction related to stock options. It's neither particularly positive nor negative, but reflects ongoing compensation practices.

Future Outlook

The reporting person will receive a replacement option for 100,806 shares on or about September 17, 2024.

Industry Context

Option regrant programs are sometimes used by companies to incentivize employees and directors, particularly when the stock price has declined since the original grant date. This action keeps incentives aligned with company performance.

Stakeholder Impact

• The option regrant program could potentially impact shareholder value depending on the future performance of the company's stock.

Next Steps

• The reporting person will receive a replacement option on or about September 17, 2024.

Key Dates