GRIMALDI CLAUDIA (Vice president and PFO) exercised options at IGC PHARMA, INC.

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

M · 2 exercises

GRIMALDI CLAUDIA

Filed: 6/28/2023ACC: 0001185185-23-000672

InsiderGRIMALDI CLAUDIACIK 1745853

→

IssuerIGC PHARMA, INC.CIK 1326205

Officer· Vice president and PFO

Since May 2018

+855K

Net shares

Net buyer

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

996.67K acquired · 141.67K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+83.33K

Price / share

—

Trade value

—

% of position

14.9%

3/31/2023

558.82K→642.15K

Common Stock

Direct

M · Option Exercise

+58.33K

Price / share

—

Trade value

—

% of position

9.1%

3/31/2023

642.15K→700.49K

Total

Net shares

+141.67K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	3/31/2023	M · Option Exercise	+83.33K	—	—	14.9%	558.82K	642.15K
Common Stock Direct	3/31/2023	M · Option Exercise	+58.33K	—	—	9.1%	642.15K	700.49K
Total			+141.67K		$0.00

Derivative Transactions5

Restricted Stock Units

Direct

A · Award

Converts to

Common Stock

175K shares

+175K

Strike price

Held after

175K

Exercisable

—

5/25/2022

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

58.33K shares

−58.33K

Strike price

Held after

116.67K

Exercisable

—

3/31/2023

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

83.33K shares

−83.33K

Strike price

Held after

83.83K

Exercisable

—

3/31/2023

Restricted Stock Units

Direct

A · Award

Converts to

Common Stock

300K shares

+300K

Strike price

Held after

300K

Exercisable

—

6/20/2023

Restricted Stock Units

Direct

A · Award

Converts to

Common Stock

380K shares

+380K

Strike price

Held after

380K

Exercisable

—

6/20/2023

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock175K shares	5/25/2022	A · Award	+175K	—	175K
Restricted Stock Units Direct	Common Stock58.33K shares	3/31/2023	M · Option Exercise	−58.33K	—	116.67K
Restricted Stock Units Direct	Common Stock83.33K shares	3/31/2023	M · Option Exercise	−83.33K	—	83.83K
Restricted Stock Units Direct	Common Stock300K shares	6/20/2023	A · Award	+300K	—	300K
Restricted Stock Units Direct	Common Stock380K shares	6/20/2023	A · Award	+380K	—	380K