Form 4: Jushi Holdings Director Stephen Monroe Cancels and Regrants Stock Options

Director Stephen Monroe cancels existing stock options for Jushi Holdings shares as part of an option regrant program, with replacement options expected around September 17, 2024.

Summary

• On August 14, 2024, Stephen Monroe, a director of Jushi Holdings Inc., had two stock option grants canceled as part of the issuer's option regrant program.
• The first cancellation involved an option for 13,952 subordinate voting shares, initially granted on December 31, 2021, and exercisable from June 15, 2031, with an exercise price of $5.71.
• The second cancellation was for an option covering 120,000 subordinate voting shares, initially granted on July 1, 2023, and exercisable from July 28, 2032, with an exercise price of $1.93.
• In exchange for these cancellations, Monroe is expected to receive replacement options for the same number of shares (13,952 and 120,000, respectively) around September 17, 2024.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (option regrant). It's neither particularly positive nor negative.

Future Outlook

Replacement options for 13,952 and 120,000 shares are expected to be granted around September 17, 2024.

Industry Context

Option regrant programs are sometimes used by companies to incentivize employees and directors, particularly when the current market price of the stock is below the exercise price of existing options. This can help to retain key personnel and align their interests with those of shareholders.

Stakeholder Impact

• The option regrant program may have a slight positive impact on employee morale and retention.

Next Steps

• Stephen Monroe will receive replacement options for the canceled shares around September 17, 2024.

Key Dates