Don O'connell - Sep 13, 2021 Form 4 Insider Report for CHARLES & COLVARD LTD (CTHR)

Signature
/s/ Clint J. Pete, Attorney-in-Fact
Stock symbol
CTHR
Transactions as of
Sep 13, 2021
Transactions value $
$0
Form type
4
Date filed
9/15/2021, 04:33 PM
Previous filing
Aug 17, 2021
Next filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTHR Common Stock Award $0 +17.5K +4.99% $0.00 368K Sep 13, 2021 Direct
transaction CTHR Common Stock Award $0 +97.5K +26.5% $0.00 465K Sep 15, 2021 Direct F1

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 CTHR Phantom Stock Award $0 +52.5K $0.00 52.5K Sep 15, 2021 Common Stock 52.5K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance-based restricted stock will vest, subject to achievement of performance goals, on July 31, 2022, pursuant to Charles & Colvard, Ltd.'s Fiscal 2022 Senior Management Equity Incentive Program (the "Plan").
F2 Performance-based phantom stock is settled in cash and will become payable, subject to the achievement of performance goals set forth in the Plan, on July 31, 2022. Each share of phantom stock is the economic equivalent of one share of Common Stock. The shares of phantom stock do not confer any stock ownership rights and become payable solely in cash based on the closing price of Charles & Colvard, Ltd.'s Common Stock on the Vesting Date, determined under the terms of the Plan.