GNLN director granted 520,833-share advisory warrant at $0.01
Rhea-AI Filing Summary
Greenlane Holdings (GNLN) disclosed an insider ownership report for director Bruce Linton. He was granted a Strategic Advisory Warrant to purchase up to 520,833 shares of Class A common stock at an exercise price of $0.01 per share as compensation for advisory services related to the Company’s October 2025 PIPE financing.
The warrant becomes exercisable six months after issuance, subject to stockholder approval under Nasdaq Listing Rule 5635(c), and expires on April 23, 2036. The securities are held by The Linton Family Trust (2040), for which Mr. Linton serves as trustee; he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Linton Bruce
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Strategic Advisory Warrant | -- | -- | -- |
Holdings After Transaction:
Strategic Advisory Warrant — 520,833 shares (Indirect, See footnote)
Footnotes (2)
- F1. On October 23, 2025, the reporting person was granted a Strategic Advisory Warrant to purchase up to 520,833 shares of Class A common stock of Greenlane Holdings, Inc. at an exercise price of $0.01 per share as compensation for advisory services in connection with the Company's October 2025 PIPE financing. The warrant becomes exercisable six months after issuance (subject to stockholder approval under Nasdaq Listing Rule 5635(c)) and expires on April 23, 2036.
- F2. Securities are held by The Linton Family Trust (2040). Bruce Linton is the trustee of The Linton Family Trust (2040) and may be deemed to have beneficial ownership of the securities held by The Linton Family Trust (2040). Mr. Linton disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did GNLN disclose about Bruce Linton’s holdings?
A Strategic Advisory Warrant to purchase up to 520,833 shares of Class A common stock at $0.01 per share.
When does the warrant reported by GNLN become exercisable?
It becomes exercisable six months after issuance, subject to stockholder approval under Nasdaq Listing Rule 5635(c).
What is the expiration date of the GNLN warrant?
The warrant expires on April 23, 2036.
Who holds the reported GNLN securities?
They are held by The Linton Family Trust (2040); Bruce Linton is trustee and disclaims beneficial ownership except for his pecuniary interest.
What was the consideration for the GNLN warrant grant?
It was granted as compensation for advisory services in connection with the Company’s October 2025 PIPE financing.
What is Bruce Linton’s relationship to GNLN?
He is disclosed as a Director.