4//SEC Filing
Navy Capital Green Management Partners LLC 4
Accession 0001019056-22-000039
CIK 0001522222other
Filed
Jan 6, 7:00 PM ET
Accepted
Jan 7, 2:16 PM ET
Size
33.0 KB
Accession
0001019056-22-000039
Insider Transaction Report
Form 4
Navy Capital Green Management LLC
10% Owner
Transactions
- Purchase
Warrants
2022-01-04$0.41/sh+606,060$250,000→ 28,758,914 total(indirect: See Remark(1) and Footnotes)Exercise: $0.41From: 2022-01-04Exp: 2025-01-04→ Common Stock (606,060 underlying)
Navy Capital Green Management Partners LLC
10% OwnerOther
Transactions
- Purchase
Warrants
2022-01-04$0.41/sh+606,060$250,000→ 28,758,914 total(indirect: See Remark(1) and Footnotes)Exercise: $0.41From: 2022-01-04Exp: 2025-01-04→ Common Stock (606,060 underlying)
Navy Capital Green Fund, LP
10% OwnerOther
Transactions
- Purchase
Warrants
2022-01-04$0.41/sh+606,060$250,000→ 28,758,914 total(indirect: See Remark(1) and Footnotes)Exercise: $0.41From: 2022-01-04Exp: 2025-01-04→ Common Stock (606,060 underlying)
Transactions
- Purchase
Warrants
2022-01-04$0.41/sh+606,060$250,000→ 28,758,914 total(indirect: See Remark(1) and Footnotes)Exercise: $0.41From: 2022-01-04Exp: 2025-01-04→ Common Stock (606,060 underlying)
Navy Capital Green Co-Invest Partners LLC
10% OwnerOther
Transactions
- Purchase
Warrants
2022-01-04$0.41/sh+606,060$250,000→ 28,758,914 total(indirect: See Remark(1) and Footnotes)Exercise: $0.41From: 2022-01-04Exp: 2025-01-04→ Common Stock (606,060 underlying)
GULATI CHETAN
10% Owner
Transactions
- Purchase
Warrants
2022-01-04$0.41/sh+606,060$250,000→ 28,758,914 total(indirect: See Remark(1) and Footnotes)Exercise: $0.41From: 2022-01-04Exp: 2025-01-04→ Common Stock (606,060 underlying)
Kaden John
10% Owner
Transactions
- Purchase
Warrants
2022-01-04$0.41/sh+606,060$250,000→ 28,758,914 total(indirect: See Remark(1) and Footnotes)Exercise: $0.41From: 2022-01-04Exp: 2025-01-04→ Common Stock (606,060 underlying)
Stiefel Sean
10% Owner
Transactions
- Purchase
Warrants
2022-01-04$0.41/sh+606,060$250,000→ 28,758,914 total(indirect: See Remark(1) and Footnotes)Exercise: $0.41From: 2022-01-04Exp: 2025-01-04→ Common Stock (606,060 underlying)
Footnotes (2)
- [F1]This amount reflects the amount of derivative securities held by the Fund and the Co-Investment Fund immediately following the transaction requiring the filing of this statement. The transaction was a private placement purchase in which the Fund purchased a $500,000 unsecured, non-convertible promissory note and warrants to purchase 606,060 shares of Common Stock, with an exercise price of $0.4125 per share of Common Stock. No additional consideration was paid for the warrants. In accordance with Instruction 5(b)(iv) of Form 3, the entire amount of the Issuer's derivative securities held by the Fund and Co-Investment Fund is reported herein.
- [F2]Footnote (1) continued: Each of the Investment Manager, NCG, NCGP, John Kaden, Chetan Gulati and Sean Stiefel disclaims, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of his/its indirect pecuniary interest therein, and this report shall not be deemed an admission that either the Investment Manager, NCG, NCGP, John Kaden, Chetan Gulati and Sean Stiefel are the beneficial owner of such securities for purposes of Section 16 or for any other purposes.
Documents
Issuer
CLS Holdings USA, Inc.
CIK 0001522222
Entity typeother
IncorporatedNY
Related Parties
1- filerCIK 0001764864
Filing Metadata
- Form type
- 4
- Filed
- Jan 6, 7:00 PM ET
- Accepted
- Jan 7, 2:16 PM ET
- Size
- 33.0 KB