Joseph D. Dowling - 18 Feb 2025 Form 4 Insider Report for CV Sciences, Inc. (CVSI)

Role: Chief Executive Officer, Director
Signature: /s/ Joseph Dowling
Issuer symbol: CVSI
Transactions as of: 18 Feb 2025
Net transactions value: $0
Form type: 4
Filing time: 20 Feb 2025, 17:27:36 UTC
Previous filing: 24 Jun 2024
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CVSI	Employee Stock Option (right to buy)	Award	$0	+3,000,000		$0.000000	3,000,000	18 Feb 2025	Common Stock	3,000,000	$0.0375	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option is durational-based. No option shares are vested on the date of grant. The option shares vest and become exercisable in a series of thirty-six (36) successive equal monthly installments measured from February 18, 2025, provided, that there has not been a termination of service as of such date. In no event will any unvested portion of the option vest or become exercisable for any additional option shares after the termination of service.

Content

The option is durational-based. No option shares are vested on the date of grant. The option shares vest and become exercisable in a series of thirty-six (36) successive equal monthly installments measured from February 18, 2025, provided, that there has not been a termination of service as of such date. In no event will any unvested portion of the option vest or become exercisable for any additional option shares after the termination of service.