AINSWORTH MARK L (Chief Executive Officer) exercised options at LOWELL FARMS INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

AINSWORTH MARK L

Filed: 1/5/2022ACC: 0001654954-22-000182

InsiderAINSWORTH MARK LCIK 1861849

→

IssuerLOWELL FARMS INC.CIK 1838128

DirectorOfficer· Chief Executive Officer

Since May 2021

-33.33K

Net shares

Net seller

$11.8K

Total sold

Open market trades

0B · 0S

Total transactions

33.33K acquired · 66.67K disposed

Non-Derivative Transactions2

Subordinate Voting Shares

Direct

M · Option Exercise

+33.33K

Price / share

—

Trade value

—

% of position

7.4%

1/1/2022

450K→483.33K

Subordinate Voting Shares

Direct

F · Tax Withholding

−33.33K

Price / share

$0.35

Trade value

$11.81K

% of position

6.9%

1/1/2022

483.33K→450K

Total

Net shares

+0.00

Net value

-$11.81K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Subordinate Voting Shares Direct	1/1/2022	M · Option Exercise	+33.33K	—	—	7.4%	450K	483.33K
Subordinate Voting Shares Direct	1/1/2022	F · Tax Withholding	−33.33K	$0.35	$11.81K	6.9%	483.33K	450K
Total			+0.00		-$11.81K

Derivative Transactions1

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Subordinate Voting Shares

33.33K shares

−33.33K

Strike price

Held after

66.67K

Exercisable

—

1/1/2022

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Subordinate Voting Shares33.33K shares	1/1/2022	M · Option Exercise	−33.33K		—	66.67K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)3

Class B Common Shares of Indus Holding Company

Direct

Underlying security

Subordinate Voting Shares

Underlying shares

1.02M

Shares owned

1.02M

Exercise price

Expiration

—

Exercise window

—

Stock options (right to buy)

Direct

Underlying security

Subordinate Voting Shares

Underlying shares

500K

Shares owned

500K

Exercise price

0.346

Expiration

—

Exercise window

—

Stock options (right to buy)

Direct

Underlying security

Subordinate Voting Shares

Underlying shares

50K

Shares owned

50K

Exercise price

0.85

Expiration

—

Exercise window

—

Total

Underlying

1.57M

Owned

1.57M

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Class B Common Shares of Indus Holding Company Direct	Subordinate Voting Shares		—	—	1.02M	1.02M
Stock options (right to buy) Direct	Subordinate Voting Shares	0.346	—	—	500K	500K
Stock options (right to buy) Direct	Subordinate Voting Shares	0.85	—	—	50K	50K
Total					1.57M	1.57M