SEC Form 4 · accession 0001493152-26-042097
Greenlane Holdings, Inc. · GNLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ben Isenberg
Officer — Chief Investment Officer
Period of report
Jun 1, 2026
Accepted (ET)
Sep 10, 2026 · 10:05 am EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001743745
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF2 | Jun 1, 2026 | M | 30,000 | $0.08 | A | 30,000 | D | |
| Class A Common StockF3 | Jun 1, 2026 | F | 708 | $3.3854 | D | 29,292 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Strategic Advisory WarrantF1,F2,F4 | $0.08 | Jun 1, 2026 | M | 30,000 | D | Apr 23, 2026 | Apr 23, 2036 | Class A Common Stock | 30,000 | 35,104 | D |
Explanation of responses
- F1On October 23, 2025, the Reporting Person was granted a Strategic Advisory Warrant to purchase 520,833 shares of Class A common stock at $0.01 per share. Following the Issuer's 1-for-8 reverse stock split effective April 6, 2026, the Warrant was adjusted to cover 65,104 shares at $0.08 per share.
- F2On June 1, 2026, the Reporting Person exercised 30,000 Warrant Shares on a cashless basis under Section 2(c) of the Warrant. Using the May 29, 2026 VWAP of $3.3854, the formula yielded 29,291.0734 net shares. The Issuer elected to round up to the next whole share, resulting in the issuance of 29,292 net shares.
- F3Due to an administrative error, the Issuer initially delivered all 30,000 shares without deducting shares for the $0.08 exercise price. Before this Form 4 was filed, the Reporting Person returned 708 excess shares to the Issuer, and the Issuer cancelled them. Table I reports the gross acquisition of 30,000 shares and the disposition of 708 shares to reflect the corrected cashless exercise. No open-market sale occurred and the Reporting Person received no cash proceeds.
- F4No consideration was paid or received for the derivative security. Because the reported transaction was an exercise of the Warrant, the exercise price of $0.08 per share is reported in Column 2, and Column 8 is left blank pursuant to Form 4 Instruction 4(c)(iii).