SEC Form 4 · accession 0001144204-19-012219
KushCo Holdings, Inc. · KSHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Vegotsky
Officer — Chief Revenue Officer
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 4:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001604627
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 1, 2019 | A | 75,000 | $0.00 | A | 75,000 | D | |
| Common StockF2 | holding | — | — | — | 139,870 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $5.94 | Mar 1, 2019 | A | 250,000 | A | — | Mar 1, 2029 | Common Stock | 250,000 | 250,000 | D |
Explanation of responses
- F1The Reporting Person received a grant of 75,000 shares of restricted stock pursuant to the Issuer's 2016 Stock Incentive Plan, the restrictions on which will vest with respect to one-third (1/3) of the shares on March 1, 2020, one-third (1/3) of the shares on March 1, 2021 and the remaining one-third (1/3) of the shares on March 1, 2022.
- F2Owned by Artiste Holdings, LLC, an entity wholly owned by the Reporting Person.
- F3The Reporting Person received an option to purchase common stock from the Issuer pursuant to the Issuer's 2016 Stock Incentive Plan. The option will become exercisable as to one-third (1/3) of the shares underlying the option on March 1, 2020, and the remaining balance vests monthly on the first day of each calendar month thereafter for a period of twenty-four (24) months.