GNLN Form 3 shows $0.01 warrant for 520,833 shares, expires 2036
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Greenlane Holdings (GNLN) disclosed an insider ownership update. Director William Levy filed an initial statement reporting a Strategic Advisory Warrant for up to 520,833 shares of Class A common stock at an exercise price of $0.01 per share. The warrant was granted on October 23, 2025 in connection with the company’s October 2025 PIPE financing, 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 indirectly through Plus 34 Holdings Inc. Mr. Levy is the sole director of Plus 34 Holdings Inc. and may be deemed to have beneficial ownership, while disclaiming beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LEVY WILLIAM
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Strategic Advisory Warrant | -- | -- | -- |
Holdings After Transaction:
Strategic Advisory Warrant — 520,833 shares (Indirect, See Footnote)
Footnotes (1)
- 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. Securities are held by Plus 34 Holdings Inc. William Levy is the sole director of Plus 34 Holdings Inc. and may be deemed to have beneficial ownership of the securities held by Plus 34 Holdings Inc. Mr. Levy disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
FAQ
What did GNLN disclose in this Form 3?
A Strategic Advisory Warrant for up to 520,833 Class A shares at an exercise price of $0.01 per share was reported by Director William Levy.
When does the reported warrant become exercisable?
It becomes exercisable six months after issuance, subject to stockholder approval under Nasdaq Listing Rule 5635(c).
What are the key dates for the GNLN warrant?
Grant date: October 23, 2025; Expiration date: April 23, 2036.
What is the exercise price of the warrant reported by William Levy?
The exercise price is $0.01 per share.
How are the securities held according to the filing?
They are held by Plus 34 Holdings Inc.; Mr. Levy may be deemed a beneficial owner and disclaims beneficial ownership except for his pecuniary interest.
What is the relationship of the reporting person to Greenlane (GNLN)?
The reporting person is a Director of Greenlane Holdings, Inc.