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Mukunda Ram – ‘4’ for 3/13/24 re: IGC Pharma, Inc.

On:  Monday, 3/18/24, at 3:52pm ET   ·   For:  3/13/24   ·   As:  Director and Officer   ·   Accession #:  1185185-24-267   ·   File #:  1-32830

Previous ‘4’:  ‘4’ on 6/27/23 for 3/31/23   ·   Latest ‘4’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/18/24  Mukunda Ram                       4          Dir.,Off.   1:23K  IGC Pharma, Inc.                  Federal Filings, LLC/FA

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML     22K 
                Securities by an Insider -- ownership.xml/5.8


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
SEC Info℠ rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider
 

The SEC has not released XSLT Stylesheets needed to render this File’s XML Data as a Form.

This is our “Plain Text” rendering:
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0508
Document Type:  4
Period of Report:  3/13/24
Not Subject to Section 16:  0
Issuer:
Issuer CIK:  1326205
Issuer Name:  IGC Pharma, Inc.
Issuer Trading Symbol:  IGC
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1047575
Owner Name:  MUKUNDA RAM
Reporting Owner Address:
Owner Street 1:  10224 FALLS ROAD
Owner Street 2:
Owner City:  POTOMAC
Owner State:  MD
Owner ZIP Code:  20854
Owner State Description:
Reporting Owner Relationship:
Is Director?  Yes
Is Officer?  Yes
Is Ten Percent Owner?  No
Is Other?  No
Officer Title:  CEO
Other Text:
Aff 10b5 One:  0
Non-Derivative Table:
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  3/13/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  333,333
Footnote ID:  F1
Transaction Price Per Share:
Value:  0.0
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  2,908,093
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  3/13/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  233,334
Footnote ID:  F2
Transaction Price Per Share:
Value:  0.0
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  3,141,427
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  3/13/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  333,334
Footnote ID:  F4
Transaction Price Per Share:
Value:  0.0
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  3,474,761
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  3/13/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  251,250
Footnote ID:  F5
Transaction Price Per Share:
Value:  0.0
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  3,726,011
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  3/13/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  G
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  200,000
Footnote ID:  F3
Transaction Price Per Share:
Value:  0.0
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  3,526,011
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  3/13/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  16,667
Footnote ID:  F1
Transaction Price Per Share:
Value:  0.0
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  794,085
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  BY SPOUSE
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  3/13/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  16,667
Footnote ID:  F4
Transaction Price Per Share:
Value:  0.0
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  810,752
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  BY SPOUSE
Derivative Table:
Derivative Transaction:
Security Title:
Value:  Restricted Stock Units
Conversion or Exercise Price:
Footnote ID:  F6
Transaction Date:
Value:  3/13/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  233,333
Footnote ID:  F2
Transaction Price Per Share:
Value:  0.0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F2
Expiration Date:
Footnote ID:  F2
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  233,333
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  233,333
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Restricted Stock Units
Conversion or Exercise Price:
Footnote ID:  F6
Transaction Date:
Value:  3/13/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  333,333
Footnote ID:  F1
Transaction Price Per Share:
Value:  0.0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F1
Expiration Date:
Footnote ID:  F1
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  333,333
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Restricted Stock Units
Conversion or Exercise Price:
Footnote ID:  F6
Transaction Date:
Value:  3/13/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  333,334
Transaction Price Per Share:
Value:  0.0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F4
Expiration Date:
Footnote ID:  F4
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  333,334
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  666,667
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Restricted Stock Units
Conversion or Exercise Price:
Footnote ID:  F6
Transaction Date:
Value:  3/13/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  251,250
Transaction Price Per Share:
Value:  0.0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F5
Expiration Date:
Value:  3/31/33
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  251,250
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  783,750
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Options
Conversion or Exercise Price:
Footnote ID:  F7
Transaction Date:
Value:  3/13/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  A
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  1,000,002
Footnote ID:  F7
Transaction Price Per Share:
Value:  0.0
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Footnote ID:  F7
Expiration Date:
Value:  3/12/34
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  1,000,002
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Options
Conversion or Exercise Price:
Footnote ID:  F8
Transaction Date:
Value:  3/13/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  A
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  1,500,000
Footnote ID:  F8
Transaction Price Per Share:
Value:  0.0
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Footnote ID:  F8
Expiration Date:
Value:  3/12/34
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  1,500,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Restricted Stock Units
Conversion or Exercise Price:
Footnote ID:  F6
Transaction Date:
Value:  3/13/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  16,667
Footnote ID:  F1
Transaction Price Per Share:
Value:  0.0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F1
Expiration Date:
Footnote ID:  F1
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  16,667
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  BY SPOUSE
Derivative Transaction:
Security Title:
Value:  Restricted Stock Units
Conversion or Exercise Price:
Footnote ID:  F6
Transaction Date:
Value:  3/13/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  16,667
Footnote ID:  F4
Transaction Price Per Share:
Value:  0.0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F4
Expiration Date:
Footnote ID:  F4
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  16,667
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  33,333
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  BY SPOUSE
Footnotes:
Footnote - F1:  On July 19, 2021, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three and two years, respectively, and starting on March 31, 2022.
Footnote - F2:  On May 25, 2022, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three years starting on March 31, 2023.
Footnote - F3:  Gift of shares of the Company's common stock to the reporting person's children who do not share the reporting person's household.
Footnote - F4:  On June 20, 2023, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three years starting on March 31, 2024.
Footnote - F5:  On June 20, 2023, the Reporting Person was granted RSUs subject to vesting according to specific milestones set by the Company's Board of Directors. The RSUs vest when milestones are achieved. One milestone (156,750) was achieved, and one milestone (156,750) was not achieved.
Footnote - F6:  Each restricted stock unit represents a right to receive one share of IGC common stock.
Footnote - F7:  On March 13, 2024, the Reporting Person was granted options exercisable at $0.26, vesting over three years starting in March 2025.
Footnote - F8:  On March 13, 2024, the Reporting Person was granted options exercisable at $0.26 vesting at the time that certain milestones set by the Board of Directors are achieved.
Owner Signature:
Signature Name:  /s/ Ram Mukunda
Signature Date:  3/18/24


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