Greenlane Holdings (GNLN) director tied to 260,416-share low-price warrant

Rhea-AI Filing Summary

Greenlane Holdings director Jonathan Hue-Fay Ip reported indirect beneficial ownership of a common stock warrant linked to Class A common stock. The warrant, held by Iterative Law Professional Corporation, allows purchase of up to 260,416 shares at an exercise price of $0.01 per share.

The warrant was granted on October 23, 2025 in connection with his contemplated service on Greenlane’s board, becomes exercisable six months after issuance, and expires on April 23, 2036. Ip is the founder and president of Iterative Law and may be deemed a beneficial owner but disclaims ownership except for his pecuniary interest.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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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1. Name and Address of Reporting Person^*

Ip Jonathan Hue-Fay

(Last) (First) (Middle)

4800 N FEDERAL HWY, SUITE B200

(Street)

BOCA RATON FL 33431

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/21/2026

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock Warrant(1)	04/23/2026	04/23/2036	Class A Common Stock	260,416	$0.01	I	See Footnote(2)

Explanation of Responses:

1. On October 23, 2025, the reporting person was granted a warrant to purchase up to 260,416 shares of Class A common stock of Greenlane Holdings, Inc. (the "Company") at an exercise price of $0.01 per share in connection with his contemplated service on the board of directors of the Company. The warrant becomes exercisable six months after issuance and expires on April 23, 2036.

2. Securities are held by Iterative Law Professional Corporation ("Iterative Law"). Jonathan Hue-Fay Ip is the founder and president of Iterative Law and may be deemed to have beneficial ownership of the securities held by Iterative Law. Mr. Ip disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

	/s/ Jonathan Hue-Fay Ip	02/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Jonathan Hue-Fay Ip report on his Greenlane (GNLN) Form 3?

He reported indirect beneficial ownership of a common stock warrant tied to Class A common stock of Greenlane Holdings. The warrant covers up to 260,416 shares and is reported as held indirectly through Iterative Law Professional Corporation, where he may be deemed a beneficial owner.

What are the key terms of the warrant reported for Greenlane (GNLN)?

The warrant permits purchase of up to 260,416 shares of Class A common stock at an exercise price of $0.01 per share. It was granted on October 23, 2025, becomes exercisable six months after issuance, and carries an expiration date of April 23, 2036.

Who actually holds the warrant reported in the Greenlane (GNLN) Form 3?

The warrant is held by Iterative Law Professional Corporation, identified as “Iterative Law.” Jonathan Hue-Fay Ip is the founder and president of Iterative Law and may be deemed to have beneficial ownership of these securities but disclaims ownership except for his pecuniary interest.

When does the Greenlane (GNLN) warrant become exercisable and when does it expire?

The warrant becomes exercisable six months after its October 23, 2025 issuance date. It has a long-dated term and expires on April 23, 2036, providing an extended potential exercise window for the holder, subject to its low $0.01 per share exercise price.

Why was the warrant granted in connection with Greenlane (GNLN)?

The warrant was granted to the reporting person in connection with his contemplated service on the board of directors of Greenlane Holdings. This links the equity-based incentive directly to his anticipated board role, aligning compensation with prospective governance responsibilities at the company.

Does Jonathan Hue-Fay Ip claim full beneficial ownership of the Greenlane (GNLN) warrant?

He may be deemed to have beneficial ownership because he is founder and president of Iterative Law, which holds the warrant. However, he expressly disclaims beneficial ownership of the securities except to the extent of his pecuniary interest, limiting the scope of his claimed economic stake.