SEC Info - LoCascio Aaron - ‘4/A’ for 7/19/22 re: Greenlane Holdings, Inc.

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

LoCascio Aaron

2. Issuer Name and Ticker or Trading Symbol
Greenlane Holdings, Inc. [GNLN]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director

__X__ 10% Owner

_____ Officer (give title below)

_____ Other (specify below)

(Last)

(First)

(Middle)

C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300

3. Date of Earliest Transaction (Month/Day/Year)
07/19/2022

(Street)

BOCA RATON, FL 33487

4. If Amendment, Date Original Filed (Month/Day/Year)
07/21/2022

6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security
(Instr. 3)

2. Transaction Date (Month/Day/Year)

2A. Deemed Execution Date, if any (Month/Day/Year)

3. Transaction Code
(Instr. 8)

4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)

6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)

7. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

Amount

(A) or (D)

Price

Class A Common Stock ⁽¹⁾

03/15/2022

G ⁽²⁾

619,824

$ 0

84,259

Class B Common Stock ⁽¹⁾

07/19/2022

9,592,827 ⁽³⁾

$ 0 ⁽⁴⁾

See footnote ⁽⁵⁾

Class A Common Stock ⁽¹⁾

07/19/2022

9,592,827 ⁽³⁾ ⁽⁵⁾

$ 0

9,677,086

Class A Common Stock ⁽¹⁾

07/19/2022

G ⁽²⁾

9,592,827

$ 0

84,259

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Common Units

⁽⁴⁾

07/19/2022

9,592,827 ⁽³⁾

⁽⁴⁾

⁽⁶⁾

Class A Common Stock

9,592,827

$ 0 ⁽⁴⁾

See footnote ⁽⁵⁾

Reporting Owners

Reporting Owner Name / Address

Relationships

Director

10% Owner

Officer

Other

LoCascio Aaron
C/O GREENLANE HOLDINGS, INC.
1095 BROKEN SOUND PARKWAY, SUITE 300
BOCA RATON, FL 33487

Signatures

/s/ Amir Sadr, as attorney-in-fact for Aaron LoCascio

08/03/2022

^**Signature of Reporting Person

Date

Explanation of Responses:

If the form is filed by more than one reporting person, see Instruction 4(b)(v).

Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

(1)

Explanatory Note: This amended Form 4 is being filed to correct the Form 4 filed on July 21, 2022 (the "Original Form 4"), to correct inadvertent scriveners' errors with regard to the "Amount of Securities Beneficially Owned Following Reported Transaction(s)" for each transaction reported in the Original Form 4. All other information previously reported in the Original Form 4, and restated in this amended Form 4, remains correct.

(2)

The Reporting Person transferred shares of Class A Common Stock to trusts for estate planning purposes, over which the Reporting Person does not have voting or investment control.

(3)

Immediately following the redemption of 15,998,046 Common Units for shares of Class A common stock, Jacoby (as defined below) distributed the shares of Class A common stock to its stockholders, including the Reporting Person. The number of shares of Class B common stock and Common Units shown as disposed and the number of shares of Class A common stock shown as acquired by the Reporting Person represent shares of Class A common stock distributed directly to the Reporting Person in proportion to his pecuniary interest in Jacoby.

(4)

Pursuant to the Operating Company's (as defined below) Fourth Amended and Restated Operating Agreement, the common membership interests in the Operating Company (the "Common Units") are redeemable on a one-for-one basis for shares of Class A common stock of the Issuer, or, at the election of the Issuer, cash equal to a volume weighted average market price of a share of Class A common stock. Upon any redemption of Common Units, one share of Class B common stock is automatically forfeited and cancelled for each Common Unit so redeemed. On July 19, 2022, Jacoby tendered 15,998,046 Common Units for redemption and was issued 15,998,046 shares of Class A common stock.

(5)

The reporting person is a stockholder of Jacoby & Co. Inc. ("Jacoby"), which is a member of Greenlane Holdings, LLC (the "Operating Company") and is the direct record owner of the securities described herein. The reporting person shared voting control of such securities owned by Jacoby and had a pecuniary interest in such securities held by Jacoby.

(6)

The Common Units had no expiration date.

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LoCascio Aaron – ‘4/A’ for 7/19/22 re: Greenlane Holdings, Inc.

On: Wednesday, 8/3/22, at 4:59pm ET · For: 7/19/22 · As: Director and 10% Owner · Accession #: 1062993-22-17195 · File #: 1-38875

Previous ‘4’: ‘4’ on 7/21/22 for 7/19/22 · Latest ‘4’: This Filing

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

Filing Table of Contents

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

Reporting Owners

Signatures

Explanation of Responses:

LoCascio Aaron – ‘4/A’ for 7/19/22 re: Greenlane Holdings, Inc.

On: Wednesday, 8/3/22, at 4:59pm ET · For: 7/19/22 · As: Director and 10% Owner · Accession #: 1062993-22-17195 · File #: 1-38875

Previous ‘4’: ‘4’ on 7/21/22 for 7/19/22 · Latest ‘4’: This Filing

Amendment to Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

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

Reporting Owners

Signatures

Explanation of Responses:

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

Filing Table of Contents