MONTENEGRO JENNY (Chief Operating 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

MONTENEGRO JENNY

Filed: 1/5/2022ACC: 0001654954-22-000184

InsiderMONTENEGRO JENNYCIK 1861497

→

IssuerLOWELL FARMS INC.CIK 1838128

Officer· Chief Operating Officer

Since May 2021

-13.23K

Net shares

Net seller

$46.86M

Total sold

Open market trades

0B · 0S

Total transactions

28.33K acquired · 41.56K disposed

Non-Derivative Transactions2

Subordinate Voting Shares

Direct

M · Option Exercise

+28.33K

Price / share

—

Trade value

—

% of position

792.3%

1/1/2022

3.58K→31.91K

Subordinate Voting Shares

Direct

F · Tax Withholding

−13.23K

Price / share

$3.54K

Trade value

$46.86M

% of position

41.4%

1/1/2022

31.91K→18.68K

Total

Net shares

+15.11K

Net value

-$46.86M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Subordinate Voting Shares Direct	1/1/2022	M · Option Exercise	+28.33K	—	—	792.3%	3.58K	31.91K
Subordinate Voting Shares Direct	1/1/2022	F · Tax Withholding	−13.23K	$3.54K	$46.86M	41.4%	31.91K	18.68K
Total			+15.11K		-$46.86M

Derivative Transactions1

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Subordinate Voting Shares

28.33K shares

−28.33K

Strike price

Held after

56.67K

Exercisable

—

1/1/2022

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Subordinate Voting Shares28.33K shares	1/1/2022	M · Option Exercise	−28.33K		—	56.67K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)3

Stock options (right to buy)

Direct

Underlying security

Subordinate Voting Shares

Underlying shares

300K

Shares owned

300K

Exercise price

0.346

Expiration

—

Exercise window

—

Stock options (right to buy)

Direct

Underlying security

Subordinate Voting Shares

Underlying shares

15K

Shares owned

15K

Exercise price

0.85

Expiration

—

Exercise window

—

Stock options (right to buy)

Direct

Underlying security

Subordinate Voting Shares

Underlying shares

40K

Shares owned

40K

Exercise price

0.68

Expiration

—

Exercise window

—

Total

Underlying

355K

Owned

355K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock options (right to buy) Direct	Subordinate Voting Shares	0.346	—	—	300K	300K
Stock options (right to buy) Direct	Subordinate Voting Shares	0.85	—	—	15K	15K
Stock options (right to buy) Direct	Subordinate Voting Shares	0.68	—	—	40K	40K
Total					355K	355K