Jacques Tortoroli - Jan 4, 2022 Form 3 Insider Report for Charlotte's Web Holdings, Inc. (CWBHF)

Role
Chief Executive Officer, Director
Signature
/s/ Jason L. Langford Attorney in Fact for Jacques Tortoroli
Stock symbol
CWBHF
Transactions as of
Jan 4, 2022
Transactions value $
$0
Form type
3
Date filed
1/4/2022, 12:34 PM
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CWBHF Common Shares 23.7K Jan 4, 2022 Direct

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
holding CWBHF Stock Option (right to buy) Jan 4, 2022 Common Shares 9.65K $9.54 Direct F1
holding CWBHF Stock Option (right to buy) Jan 4, 2022 Common Shares 375K $1.02 Direct F2
holding CWBHF Restricted Share Award Jan 4, 2022 Common Shares 16.2K Direct F3, F5
holding CWBHF Restricted Share Award Jan 4, 2022 Common Shares 250K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option agreement provides that the option becomes exercisable in full on the first anniversary of the option's grant date. The option was granted on 11/14/2019.
F2 The option agreement provides that the option becomes exercisable in 4 equal installments every three months beginning three months after the option's grant date. The option was granted on 12/16/2021.
F3 The restricted share award agreement provides that the restricted share award vests in full on the first anniversary of the restricted share award's grant date. The restricted share award was granted on 6/9/2021.
F4 The restricted share award agreement provides that the restricted share award vests in 4 equal installments every three months beginning three months after the grant date. The restricted share award was granted on 12/16/2021.
F5 Each restricted share award represents a contingent right to receive one common share of Charlotte's Web Holdings, Inc.

Remarks:

Exhibit List Exhibit 24 - Power of Attorney