GNLN files Form 4: 520,833-share warrant to director at $0.01

Rhea-AI Filing Summary

Greenlane Holdings (GNLN) reported a director equity grant on a Form 4. On 10/23/2025, Bruce Linton 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 04/23/2036. The securities are held indirectly by The Linton Family Trust (2040), for which Mr. Linton is trustee, and he disclaims beneficial ownership except to the extent of his pecuniary interest.

Insights

Equity compensation analyst

Routine director warrant grant; exercisability conditioned on approval.

The filing records a derivative grant: a Strategic Advisory Warrant for 520,833 underlying shares at an exercise price of $0.01 per share. It is compensation for advisory work connected to the October 2025 PIPE. Such grants can align incentives without immediate cash cost.

The warrant becomes exercisable six months after issuance, subject to stockholder approval under Nasdaq Listing Rule 5635(c), and expires on 04/23/2036. Ownership is reported as indirect via The Linton Family Trust (2040), with a standard pecuniary-interest disclaimer.

Actual impact depends on future exercisability after approval and holder decisions. Subsequent disclosures may specify any changes tied to the PIPE’s terms.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Linton Bruce

(Last) (First) (Middle)

9 SHAMROCK PLACE

(Street)

OTTAWA Z4 K2R1A9

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/23/2025

4. 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 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	V	Amount	(A) or (D)	Price

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Strategic Advisory Warrant(1)	$0.01	10/23/2025		A		520,833		04/23/2026	04/23/2036	Class A Common Stock	520,833	$0.01	520,833	I	See footnote(2)

Explanation of Responses:

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.

2. 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.

	/s/ Bruce Linton	11/03/2025
	** 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 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).
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 Greenlane (GNLN) disclose in this Form 4?

A grant of a Strategic Advisory Warrant to Bruce Linton for up to 520,833 Class A shares at $0.01 per share.

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

It becomes exercisable six months after issuance, subject to stockholder approval, and expires on 04/23/2036.

What is the connection to Greenlane’s October 2025 PIPE?

The warrant was granted as compensation for advisory services related to the October 2025 PIPE financing.

Who holds the warrant reported for GNLN?

It is held by The Linton Family Trust (2040); Bruce Linton is trustee and disclaims beneficial ownership except for his pecuniary interest.

What is the exercise price of the GNLN warrant?

The exercise price is $0.01 per share for the Class A common stock underlying the warrant.

How many shares underlie the reported warrant for GNLN?

The warrant covers up to 520,833 shares of Class A common stock.