Ollin B. Sykes - Sep 15, 2021 Form 4 Insider Report for CHARLES & COLVARD LTD (CTHR)

Role: Director
Signature: /s/ Clint J. Pete, Attorney-In-Fact
Stock symbol: CTHR
Transactions as of: Sep 15, 2021
Transactions value $: $101,578
Form type: 4
Date filed: 9/16/2021, 09:22 PM
Previous filing: Jun 17, 2021
Next filing: Sep 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CTHR	Common Stock	Purchase	$1.58K	+585	+0.04%	$2.70	1.37M	Sep 15, 2021	By Sykes & Company PA 401(k) Profit Sharing Plan UA Jan 01, 1985	F1, F2
transaction	CTHR	Common Stock	Options Exercise	$50K	+50K	+9.88%	$1.00	556K	Sep 15, 2021	Direct
transaction	CTHR	Common Stock	Options Exercise	$50K	+35.5K	+6.37%	$1.41	592K	Sep 15, 2021	Direct
holding	CTHR	Common Stock						138K	Sep 15, 2021	By SEP IRA
holding	CTHR	Common Stock						95.4K	Sep 15, 2021	By ROTH IRA
holding	CTHR	Common Stock						107K	Sep 15, 2021	By IRA
holding	CTHR	Common Stock						45.8K	Sep 15, 2021	By spouse

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	Stock Option (right to buy)	Options Exercise	$0	-50K	-100%	$0.00^*	0	Sep 15, 2021	Common Stock	50K	$1.00	Direct
transaction	CTHR	Stock Option (right to buy)	Options Exercise	$0	-35.5K	-100%	$0.00^*	0	Sep 15, 2021	Common Stock	35.5K	$1.41	Direct

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

Explanation of Responses:

Id	Content
F1	Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.70 to $2.74, inclusive. The reporting person undertakes to provide to Charles & Colvard, Ltd., any security holder of Charles & Colvard, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4.
F2	Ollin Sykes is the co-trustee of the Sykes & Company PA 401(k) Profit Sharing Plan UA Jan 01, 1985. The aggregate shares of the Issuer's common stock reported as held by the plan include 371,585 shares (including the 585 shares reported as purchased herein) held in Mr. Sykes's personal 401(k) account under the plan. Mr. Sykes disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Content

Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.70 to $2.74, inclusive. The reporting person undertakes to provide to Charles & Colvard, Ltd., any security holder of Charles & Colvard, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4.

Ollin Sykes is the co-trustee of the Sykes & Company PA 401(k) Profit Sharing Plan UA Jan 01, 1985. The aggregate shares of the Issuer's common stock reported as held by the plan include 371,585 shares (including the 585 shares reported as purchased herein) held in Mr. Sykes's personal 401(k) account under the plan. Mr. Sykes disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.