SHURE BRIAN

PrivateCIK: 1861410

Location

SALINAS, CA

SHURE BRIAN (Chief Financial 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

SHURE BRIAN

Filed: 1/4/2022ACC: 0001654954-22-000177

InsiderSHURE BRIANCIK 1861410

→

IssuerLOWELL FARMS INC.CIK 1838128

DirectorOfficer· Chief Financial Officer

Since May 2021

0.00

Net shares

Net seller

$0.00

Total acquired

0

Open market trades

0B · 0S

2

Total transactions

25K acquired · 25K disposed

Non-Derivative Transactions1

Subordinate Voting Shares

Direct

M · Option Exercise

Shares

+25K

Price / share

—

Trade value

—

% of position

71.9%

1/1/2022

34.78K→59.78K

Total

Net shares

+25K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Subordinate Voting Shares Direct	1/1/2022	M · Option Exercise	+25K	—	—	71.9%	34.78K	59.78K
Total			+25K		$0.00

Derivative Transactions1

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Subordinate Voting Shares

25K shares

Shares

−25K

Strike price

Held after

50K

Exercisable

—

1/1/2022

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Subordinate Voting Shares25K shares	1/1/2022	M · Option Exercise	−25K		—	50K

Non-Derivative Holdings (Post-Transaction)4

Subordinate Voting Shares

Indirect

Shares owned824K

Subordinate Voting Shares

Indirect

Shares owned184.80K

Subordinate Voting Shares

Indirect

Shares owned300K

Subordinate Voting Shares

Indirect

Shares owned1.88M

Total

3.19M indirect3.19M

Security Title	Shares Owned	Ownership Type
Subordinate Voting Shares	824K	Indirect
Subordinate Voting Shares	184.80K	Indirect
Subordinate Voting Shares	300K	Indirect
Subordinate Voting Shares	1.88M	Indirect
Total	3.19M	3.19M indirect

Derivative Holdings (Post-Transaction)5

Warrants (right to buy)

Indirect

Underlying security

Subordinate Voting Shares

Underlying shares

91K

Shares owned

91K

Exercise price

1.81

Expiration

—

Exercise window

—

Warrants (right to buy)

Indirect

Underlying security

Subordinate Voting Shares

Underlying shares

850K

Shares owned

850K

Exercise price

1.4

Expiration

—

Exercise window

—

Options

Direct

Underlying security

Subordinate Voting Shares

Underlying shares

300K

Shares owned

300K

Exercise price

1.35

Expiration

—

Exercise window

—

Warrants (right to buy)

Indirect

Underlying security

Subordinate Voting Shares

Underlying shares

200K

Shares owned

200K

Exercise price

1.4

Expiration

—

Exercise window

—

Warrants (right to buy)

Indirect

Underlying security

Subordinate Voting Shares

Underlying shares

50K

Shares owned

50K

Exercise price

1.4

Expiration

—

Exercise window

—

Total

Underlying

1.49M

Owned

1.49M

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Warrants (right to buy) Indirect	Subordinate Voting Shares	1.81	—	—	91K	91K
Warrants (right to buy) Indirect	Subordinate Voting Shares	1.4	—	—	850K	850K
Options Direct	Subordinate Voting Shares	1.35	—	—	300K	300K
Warrants (right to buy) Indirect	Subordinate Voting Shares	1.4	—	—	200K	200K
Warrants (right to buy) Indirect	Subordinate Voting Shares	1.4	—	—	50K	50K
Total					1.49M	1.49M