Sec Form 4 Filing - Billingsley Jessica @ Akerna Corp. - 2022-10-21

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Billingsley Jessica
2. Issuer Name and Ticker or Trading Symbol
Akerna Corp. [ KERN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman and CEO
(Last) (First) (Middle)
C/O AKERNA CORP., 1550 LARIMER STREET, SUITE 246
3. Date of Earliest Transaction (MM/DD/YY)
10/21/2022
(Street)
DENVER, CO80202
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Common Shares 10/21/2022 M 125( 1 ) A 6,367( 1 ) D
Common Shares 10/21/2022 M 250( 1 ) A 6,617( 1 ) D
Common Shares 53,915( 1 ) I Jessica Billingsley Living Trust( 5 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Restricted Stock Units ( 2 ) 10/21/2022 M 125( 1 ) ( 3 ) ( 3 ) Common Shares 125( 1 ) $ 0 125( 1 ) D
Restricted Stock Units ( 2 ) 10/21/2022 M 250( 1 ) ( 4 ) ( 4 ) Common Shares 250( 1 ) $ 0 500( 1 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Billingsley Jessica
C/O AKERNA CORP.
1550 LARIMER STREET, SUITE 246
DENVER, CO80202
X X Chairman and CEO
Signatures
/s/ Jessica Billingsley 11/30/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The transactions and totals reported herein reflect the Issuer's 20:1 reverse stock split effective as of November 8, 2022.
( 2 )Each RSU represents a contingent right to receive one share of the Issuer's common stock.
( 3 )The RSUs were granted on October 19, 2019, and vest as follows: one-fourth on July 1, 2020; one-fourth on July 1, 2021;one-fourth on July 1, 2022; and one-fourth on July 1, 2023. Settlement of vested RSUs will occur as soon as administratively feasible following the applicable vesting date. (Note: These RSUs were previously reported in Table II with a grant date of February 20, 2020.)
( 4 )The RSUs were granted on September 4, 2020, and vest as follows: one-fourth on July 1, 2021; one-fourth on July 1, 2022; one-fourth on July 1, 2023; and one-fourth on July 1, 2024. Settlement of vested RSUs will occur as soon as administratively feasible following the applicable vesting date.
( 5 )The reporting person is the trustee of the Jessica Billingsley Living Trust (the "Trust") and has voting and investment discretion with respect to the shares of common stock held of record by the Trust. The reporting person may have or share beneficial ownership of such shares.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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