Form 4: Jushi Holdings President Cancels and Regrants Stock Options

Louis Jon Barack, President of Jushi Holdings Inc., canceled existing stock options and will receive replacement options under the company's option regrant program.

Summary

• On August 14, 2024, Louis Jon Barack, President of Jushi Holdings Inc., had stock options canceled pursuant to the issuer's option regrant program.
• The canceled options included one for 793,000 shares and another for 1,000,000 shares of the company's Subordinate Voting Shares.
• In exchange, Mr. Barack will receive replacement options for the same number of shares (793,000 and 1,000,000 respectively) on or about September 17, 2024.
• The canceled options had exercise prices of $2 and $1.93.
• Some of the canceled options were originally granted on April 17, 2022, and others had a vesting commencement date of May 1, 2022, with vesting occurring annually.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock option regrant). It doesn't inherently indicate positive or negative sentiment, but further context about the reasons for the regrant program would be needed for a more informed assessment.

Future Outlook

The reporting person will receive replacement options for the canceled shares on or about September 17, 2024.

Industry Context

Stock option regrant programs are sometimes used by companies to incentivize employees, particularly in volatile industries. This activity is not uncommon, but the specific terms and reasons behind the regrant would require further investigation to fully understand its implications.

Next Steps

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

Key Dates