NOTICE OF PROPOSED STOCK OPTION GRANT OR AMENDMENT

Name of Listed Issuer: Curaleaf Holdings, Inc. (the "Issuer").

Trading Symbol: CURA

Date: April 26, 2022

1. New Options Granted:

Date of Grant: See below table

Name of
Optionee

Position (Director/ Officer/

Employee/ Consultant/
Management Company

Insider
Yes or
No?

No. of
Optioned
Shares

Exercise
Price

Expiry
Date

No. of Options Granted in Past 12 Months

Grant Date: March 11, 2021

134
Individuals

Employees/Officers No 1,850,956 CAD$19.53

10 years

2

Individuals

Employees/Officers Yes 208,271 CAD$19.53

10 years

24

Individuals

Employees/Officers No 108,846 (Restricted Stock Units) N/A N/A
Grant Date: March 22, 2021

4
Individuals

Employees/Officers No 60,559 CAD$19.75

10 years

4

Individuals

Employees/Officers Varied 45,419 (Restricted Stock Units) N/A N/A
Grant Date: April 7, 2021

3
Individuals

Employees/Officers No 770,823 CAD$21.42

10 years

4

Individuals

Employees/Officers No 808,289 (Restricted Stock Units) N/A N/A

FORM 11 - NOTICE OF PROPOSED STOCK OPTION GRANT
OR AMENDMENT

Page 1

Grant Date: May 25, 2021

8

Individuals

Employees/Officers No 60,602 CAD$17.62

10 years

6

Individuals

Employees/Officers No 32,797 (Restricted Stock Units) N/A N/A
Grant Date: June 23, 2021

1

Individual

Officer Yes 496,766 CAD$17.13

10 years

1

Individual

Officer Yes 172,620 (Restricted Stock Units) N/A N/A
Grant Date: June 30, 2021

2

Individuals

Employees/Officers No 12,403 CAD$17.99

10 years

1
Individual

Employees/Officers No 2,411 (Restricted Stock Units) N/A N/A
Grant Date: August 11, 2021

4

Individuals

Employees/Officers No 40,368 CAD$15.40

10 years

2

Individuals

Employees/Officers No 21,336 (Restricted Stock Units) N/A N/A

1

Individual

Employees/Officers Yes 189,660 CAD$15.40

10 years

1

Individual

Employees/Officers Yes 142,245 (Restricted Stock Units) N/A N/A
Grant Date: August 30, 2021

1

Individual

Employees/Officers No 8,761 CAD$15.11

10 years

1

Individual

Employees/Officers No 6,571 (Restricted Stock Units) N/A N/A
Grant Date: August 31, 2021

2

Individuals

Employees/Officers No 11,124 CAD$15.11

10 years

2

Individuals

Employees/Officers No

8,344 (Restricted Stock Units)

N/A N/A

FORM 11 - NOTICE OF PROPOSED STOCK OPTION GRANT
OR AMENDMENT

Page 2

Grant Date: September 9, 2021

5
Individuals

Directors Yes 135,055 (Restricted Stock Units) N/A N/A
Grant Date: September 28, 2021

1
Individual

Employees/Officers/Directors Yes 40,554 (Restricted Stock Units) N/A N/A
Grant Date: September 30, 2021

2

Individuals

Employees/Officers No 22,514 CAD$15.41

10 years

1

Individual

Employees/Officers No 6,494 (Restricted Stock Units) N/A N/A
Grant Date: November 10, 2021

14

Individuals

Employees/Officers No 164,961 CAD$12.57

10 years

Grant Date: November 30, 2021

4

Individuals

Employees/Officers No 53.120 CAD$12.51

10 years

2

Individuals

Employees/Officers No 14,828 (Restricted Stock Units) N/A N/A
Grant Date: December 16, 2021

3

Individuals

Employees/Officers No 83,787 CAD$11.79

10 years

2

Individuals

Employees/Officers No 40,731 (Restricted Stock Units) N/A N/A
Grant Date: December 31, 2021

1

Individual

Employees/Officers Yes 299,641 CAD$11.30

10 years

1

Individual

Employees/Officers Yes 224,730 (Restricted Stock Units) N/A N/A

1

Individual

Employees/Officers No 44,946 (Restricted Stock Units) N/A N/A

Total Number of Subordinate Voting Shares: 4,334,316 Subordinate Voting Shares underlying Stock Options and 1,856,216 Subordinate Voting Shares underlying restricted stock units.

FORM 11 - NOTICE OF PROPOSED STOCK OPTION GRANT
OR AMENDMENT

Page 3

2. Other Presently Outstanding Options:
Name of Optionee No. of Optioned Shares Exercise Price Original Date of Grant Expiry Date
Optionee 320,650 0.2300 10/3/2012 10 years
Optionee 490,650 0.2300 10/3/2012 10 years
Optionee 245,325 0.3000 1/29/2013 10 years
Optionee 81,775 0.3000 1/29/2013 10 years
Optionee 200,000 0.1200 5/5/2015 10 years
Optionee 10,919 0.2700 8/17/2015 10 years
Optionee 2,700,308 0.1400 3/17/2016 10 years
Optionee 1,797,905 0.1400 3/17/2016 10 years
Optionee 327,100 0.6400 1/1/2017 10 years
Optionee 438,067 0.6400 7/1/2017 10 years
Optionee 899,833 0.6400 7/1/2017 10 years
Optionee 59,034 0.6400 8/14/2017 10 years
Optionee 615,667 0.6400 10/2/2017 10 years
Optionee 38,533 0.6400 10/2/2017 10 years
Optionee 114,729 11.4500 10/28/2018 10 years
Optionee 2,288,164 11.4500 10/28/2018 10 years
Optionee 3,166 12.2900 3/28/2019 10 years
Optionee 2,849 12.2900 3/28/2019 10 years
Optionee 1,199 12.2900 3/28/2019 10 years
Optionee 31,990 12.2900 3/28/2019 10 years
Optionee 868,010 12.2900 3/28/2019 10 years
Optionee 4,907 12.2900 3/28/2019 10 years
Optionee 8,020 12.2900 3/28/2019 10 years
Optionee 16,041 12.2900 3/28/2019 10 years
Optionee 13,297 12.2900 3/28/2019 10 years
Optionee 1,520 12.2900 3/28/2019 10 years
Optionee 5,699 12.2900 3/28/2019 10 years
Optionee 13,050 9.2700 8/30/2019 10 years
Optionee 9,491 9.2700 8/30/2019 10 years
Optionee 43,236 9.2700 8/30/2019 10 years
Optionee 16,085 9.2700 8/30/2019 10 years
Optionee 5,962 8.2000 11/22/2019 10 years
Optionee 1,084 8.2000 11/22/2019 10 years
Optionee 2,845 8.2000 11/22/2019 10 years

FORM 11 - NOTICE OF PROPOSED STOCK OPTION GRANT
OR AMENDMENT

Page 4

Optionee 976 8.2000 11/22/2019 10 years
Optionee 1,561 8.2000 11/22/2019 10 years
Optionee 4,065 8.2000 11/22/2019 10 years
Optionee 2,385 8.2000 11/22/2019 10 years
Optionee 1,843 8.2000 11/22/2019 10 years
Optionee 4,065 8.2000 11/22/2019 10 years
Optionee 795 8.2000 11/22/2019 10 years
Optionee 15,176 8.2000 11/22/2019 10 years
Optionee 7,588 8.2000 11/22/2019 10 years
Optionee 10,840 8.2000 11/22/2019 10 years
Optionee 5,420 8.2000 11/22/2019 10 years
Optionee 2,385 8.2000 11/22/2019 10 years
Optionee 6,937 8.2000 11/22/2019 10 years
Optionee 1,675 8.2000 11/22/2019 10 years
Optionee 6 8.2000 11/22/2019 10 years
Optionee 30,345 8.2000 11/22/2019 10 years
Optionee 1,563 8.2000 11/22/2019 10 years
Optionee 939 8.2000 11/22/2019 10 years
Optionee 2,060 8.2000 11/22/2019 10 years
Optionee 2,528 8.2000 11/22/2019 10 years
Optionee 1,829 8.2000 11/22/2019 10 years
Optionee 2,620 8.2000 11/22/2019 10 years
Optionee 4,878 8.2000 11/22/2019 10 years
Optionee 9,485 8.2000 11/22/2019 10 years
Optionee 702 8.2000 11/22/2019 10 years
Optionee 2,818 8.2000 11/22/2019 10 years
Optionee 1,843 8.2000 11/22/2019 10 years
Optionee 1,951 8.2000 11/22/2019 10 years
Optionee 10,840 8.2000 11/22/2019 10 years
Optionee 569 8.2000 11/22/2019 10 years
Optionee 1,156 8.2000 11/22/2019 10 years
Optionee 8,401 8.2000 11/22/2019 10 years
Optionee 1,734 8.2000 11/22/2019 10 years
Optionee 1,409 8.2000 11/22/2019 10 years
Optionee 2,060 8.2000 11/22/2019 10 years
Optionee 8,130 8.2000 11/22/2019 10 years
Optionee 2,168 8.2000 11/22/2019 10 years

FORM 11 - NOTICE OF PROPOSED STOCK OPTION GRANT
OR AMENDMENT

Page 5

Optionee 1,662 8.2000 11/22/2019 10 years
Optionee 1,247 8.2000 11/22/2019 10 years
Optionee 8,672 8.2000 11/22/2019 10 years
Optionee 4,065 8.2000 11/22/2019 10 years
Optionee 2,493 8.2000 11/22/2019 10 years
Optionee 4,023 8.2000 11/22/2019 10 years
Optionee 8,334 8.2000 11/22/2019 10 years
Optionee 2,168 8.2000 11/22/2019 10 years
Optionee 1,518 8.2000 11/22/2019 10 years
Optionee 4,856 8.2000 11/22/2019 10 years
Optionee 6,070 8.2000 11/22/2019 10 years
Optionee 1,839 8.2000 11/22/2019 10 years
Optionee 43,421 8.2000 11/22/2019 10 years
Optionee 86,657 8.2000 11/22/2019 10 years
Optionee 2,168 8.2000 11/22/2019 10 years
Optionee 1,084 8.2000 11/22/2019 10 years
Optionee 9,485 8.2000 11/22/2019 10 years
Optionee 2,710 8.2000 11/22/2019 10 years
Optionee 1,951 8.2000 11/22/2019 10 years
Optionee 2,873 8.2000 11/22/2019 10 years
Optionee 2,276 8.2000 11/22/2019 10 years
Optionee 2,710 8.2000 11/22/2019 10 years
Optionee 1,340 8.2000 11/22/2019 10 years
Optionee 2,602 8.2000 11/22/2019 10 years
Optionee 10,446 8.2000 11/22/2019 10 years
Optionee 1,951 8.2000 11/22/2019 10 years
Optionee 1,843 8.2000 11/22/2019 10 years
Optionee 3,252 8.2000 11/22/2019 10 years
Optionee 2,094 8.2000 11/22/2019 10 years
Optionee 3,794 8.2000 11/22/2019 10 years
Optionee 1,734 8.2000 11/22/2019 10 years
Optionee 11,490 8.2000 11/22/2019 10 years
Optionee 1,626 8.2000 11/22/2019 10 years

FORM 11 - NOTICE OF PROPOSED STOCK OPTION GRANT
OR AMENDMENT

Page 6

Optionee 2,530 8.2000 11/22/2019 10 years
Optionee 2,060 8.2000 11/22/2019 10 years
Optionee 2,385 8.2000 11/22/2019 10 years
Optionee 1,228 8.2000 11/22/2019 10 years
Optionee 1,228 8.2000 11/22/2019 10 years
Optionee 2,710 8.2000 11/22/2019 10 years
Optionee 66,152 8.0000 12/10/2019 10 years
Optionee 485,823 8.0000 12/10/2019 10 years
Optionee 11,797 13.1900 1/30/2020 10 years
Optionee 5,900 13.1900 1/30/2020 10 years
Optionee 9,439 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 1,777 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 8,859 13.1900 1/30/2020 10 years
Optionee 8,258 13.1900 1/30/2020 10 years
Optionee 2,357 13.1900 1/30/2020 10 years
Optionee 13,360 13.1900 1/30/2020 10 years
Optionee 4,337 13.1900 1/30/2020 10 years
Optionee 13,360 13.1900 1/30/2020 10 years
Optionee 61,036 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 255,383 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 1,777 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 1,395,462 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 96,243 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 7,677 13.1900 1/30/2020 10 years
Optionee 4,718 13.1900 1/30/2020 10 years

FORM 11 - NOTICE OF PROPOSED STOCK OPTION GRANT
OR AMENDMENT

Page 7

Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 122,789 13.1900 1/30/2020 10 years
Optionee 5,900 13.1900 1/30/2020 10 years
Optionee 2,357 13.1900 1/30/2020 10 years
Optionee 13,360 13.1900 1/30/2020 10 years
Optionee 13,216 13.1900 1/30/2020 10 years
Optionee 5,900 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 13,575 13.1900 1/30/2020 10 years
Optionee 90,000 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 122,789 13.1900 1/30/2020 10 years
Optionee 8,847 13.1900 1/30/2020 10 years
Optionee 74,384 13.1900 1/30/2020 10 years
Optionee 3,303 13.1900 1/30/2020 10 years
Optionee 5,900 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 1,395,462 13.1900 1/30/2020 10 years
Optionee 5,900 13.1900 1/30/2020 10 years
Optionee 11,797 13.1900 1/30/2020 10 years
Optionee 3,539 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 60,836 13.1900 1/30/2020 10 years
Optionee 4,000 13.1900 1/30/2020 10 years
Optionee 3,340 13.1900 1/30/2020 10 years
Optionee 1,085 13.1900 1/30/2020 10 years
Optionee 9,439 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 211,206 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 19,472 13.1900 1/30/2020 10 years
Optionee 2,357 13.1900 1/30/2020 10 years
Optionee 2,357 13.1900 1/30/2020 10 years
Optionee 3,539 13.1900 1/30/2020 10 years
Optionee 4,718 13.1900 1/30/2020 10 years

FORM 11 - NOTICE OF PROPOSED STOCK OPTION GRANT
OR AMENDMENT

Page 8

Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 1,777 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 19,472 13.1900 1/30/2020 10 years
Optionee 2,357 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 237,714 13.1900 1/30/2020 10 years
Optionee 122,789 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 10,717 13.1900 1/30/2020 10 years
Optionee 5,020 13.1900 1/30/2020 10 years
Optionee 122,789 13.1900 1/30/2020 10 years
Optionee 11,797 13.1900 1/30/2020 10 years
Optionee 5,900 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 122,789 13.1900 1/30/2020 10 years
Optionee 2,357 13.1900 1/30/2020 10 years
Optionee 106,263 13.1900 1/30/2020 10 years
Optionee 2,357 13.1900 1/30/2020 10 years
Optionee 10,020 13.1900 1/30/2020 10 years
Optionee 3,268 13.1900 1/30/2020 10 years
Optionee 13,165 5.4400 3/27/2020 10 years
Optionee 15,797 5.4400 3/27/2020 10 years
Optionee 55,146 5.4400 3/27/2020 10 years
Optionee 120,383 5.4400 3/27/2020 10 years
Optionee 60,726 4.9400 4/2/2020 10 years
Optionee 74,671 4.9400 4/2/2020 10 years
Optionee 60,726 4.9400 4/2/2020 10 years
Optionee 26,821 4.9400 4/2/2020 10 years
Optionee 26,264 4.9400 4/2/2020 10 years
Optionee 35,018 4.9400 4/2/2020 10 years
Optionee 19,454 4.9400 4/2/2020 10 years
Optionee 12,646 7.9400 5/20/2020 10 years
Optionee 12,594 7.9400 5/20/2020 10 years
Optionee 104,022 7.9400 5/20/2020 10 years
Optionee 2,135 11.6000 8/19/2020 10 years
Optionee 4,148 11.6000 8/19/2020 10 years
Optionee 7,766 11.6000 8/19/2020 10 years
Optionee 6,989 11.6000 8/19/2020 10 years
Optionee 9,976 12.7700 11/20/2020 10 years
Optionee 23,490 12.7700 11/20/2020 10 years
Optionee 43,014 12.7700 11/20/2020 10 years
Optionee 6,317 12.7700 11/20/2020 10 years
Optionee 5,101 16.0000 12/29/2020 10 years

FORM 11 - NOTICE OF PROPOSED STOCK OPTION GRANT
OR AMENDMENT

Page 9

Name of Awardee No. of Shares Grant Price Original Date of Grant Expiration
Date
Holder (RSU) 156,250 0.0000 3/28/2019 N/A
Holder (RSU) 8,537 0.0000 11/22/2019 N/A
Holder (RSU) 6,098 0.0000 11/22/2019 N/A
Holder (RSU) 2,602 0.0000 11/22/2019 N/A
Holder (RSU) 3,252 0.0000 11/22/2019 N/A
Holder (RSU) 4,634 0.0000 11/22/2019 N/A
Holder (RSU) 2,277 0.0000 11/22/2019 N/A
Holder (RSU) 48,781 0.0000 11/22/2019 N/A
Holder (RSU) 207,179 0.0000 12/10/2019 N/A
Holder (RSU) 43,339 0.0000 3/27/2020 N/A
Holder (RSU) 56,075 0.0000 4/2/2020 N/A
Holder (RSU) 113,553 0.0000 8/19/2020 N/A
Holder (RSU) 5,124 0.0000 11/20/2020 N/A
Holder (RSU) 34,162 0.0000 11/20/2020 N/A
Holder (RSU) 2,676 0.0000 12/29/2020 N/A
3. Additional Information
(a) If shareholder approval was required for the grant of options (including prior approval of a stock option plan), state the date that the shareholder meeting approving the grant was or will be held.

Not applicable.

(b) State the date of the news release announcing the grant of options.

Not applicable.

FORM 11 - NOTICE OF PROPOSED STOCK OPTION GRANT
OR AMENDMENT

Page 10

(c) State the total issued and outstanding share capital at the date of grant or amendment.

Subordinate Voting Shares only as of December 31, 2021: 614,136,910

Subordinate Voting Shares and the Multiple Voting Shares combined as of December 31, 2021: 708,107,615 (the "Outstanding Shares")

(d) State, as a percentage of the issued and outstanding shares of the Issuer indicated in (c) above, the aggregate number of shares that are subject to incentive stock options, including new options, amended options and other presently outstanding options.

Approximately 3.586% of the Outstanding Shares

(e) If the new options are being granted pursuant to a stock option plan, state the number of remaining shares reserved for issuance under the plan.

26,870,932

(f) If the Issuer has completed a public distribution of its securities within 90 days of the date of grant, state the per share price paid by the public investors.

Not applicable.

(g) Describe the particulars of any proposed material changes in the affairs of the Issuer.

Not applicable.

4. Certificate of Compliance

The undersigned hereby certifies that:

1. The undersigned is a director and/or senior officer of the Issuer and has been duly authorized by a resolution of the board of directors of the Issuer to sign this Certificate of Compliance.
2. As of the date hereof there is no material information concerning the Issuer which has not been publicly disclosed.

FORM 11 - NOTICE OF PROPOSED STOCK OPTION GRANT
OR AMENDMENT

Page 11

3. The undersigned hereby certifies to the Exchange that the Issuer is in compliance with the requirements of applicable securities legislation (as such term is defined in National Instrument 14-101) and all Exchange Requirements (as defined in CNSX Policy 1).
4. All of the information in this Form 11 Notice of Proposed Stock Option Grant or Amendment is true.

[signature page follows]

FORM 11 - NOTICE OF PROPOSED STOCK OPTION GRANT
OR AMENDMENT

Page 12

Dated: April 26, 2022

Peter Clateman
Name of Director or Senior Officer
(signed) Peter Clateman
Signature
Chief Legal Officer
Official Capacity

FORM 11 - NOTICE OF PROPOSED STOCK OPTION GRANT
OR AMENDMENT

Page 13

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Curaleaf Holdings Inc. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 00:21:07 UTC.