Michael Cammarata - 01 Apr 2022 Form 4 Insider Report for Neptune Wellness Solutions Inc.

Role
President and Chief Executive Officer, Director
Signature
/s/ Christopher Piazza for Michael Cammarata as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
01 Apr 2022
Net transactions value
-$260,034
Form type
4
Filing time
05 Apr 2022, 16:05:58 UTC
Next filing
05 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEPT Common Shares Options Exercise +3,055,123 +45% 9,836,735 01 Apr 2022 Direct F1
transaction NEPT Common Shares Tax liability $260,034 -1,202,191 -12% $0.2163 8,634,544 01 Apr 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NEPT Restricted Share Units Award $0 +3,055,123 $0.000000 3,055,123 01 Apr 2022 Common Shares 3,055,123 Direct F1
transaction NEPT Restricted Share Units Options Exercise $0 -3,055,123 -100% $0.000000* 0 01 Apr 2022 Common Shares 3,055,123 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted share units ("RSUs") vest immediately. Each RSU represents the contingent right to receive one common share upon vesting of the unit.
F2 Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of on this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the settlement of vested RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.

Remarks:

President and Chief Executive Officer