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

Role
Chief Customer Officer
Signature
/s/ Jason L. Langford Attorney-in-Fact for W. Anthony True
Stock symbol
CWBHF
Transactions as of
Jan 4, 2022
Transactions value $
$0
Form type
3
Date filed
1/4/2022, 12:35 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CWBHF Common Shares 2.69K 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 41.9K $4.70 Direct F1
holding CWBHF Stock Option (right to buy) Jan 4, 2022 Common Shares 62.3K $4.78 Direct F2
holding CWBHF Stock Option (right to buy) Jan 4, 2022 Common Shares 22.8K $16.85 Direct F3
holding CWBHF Restricted Share Award Jan 4, 2022 Common Shares 30.7K Direct F4, F7
holding CWBHF Restricted Share Award Jan 4, 2022 Common Shares 99.3K Direct F5, F7
holding CWBHF Restricted Share Award Jan 4, 2022 Common Shares 11.3K Direct F6, F7
* 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 4 equal annual installments beginning on the first anniversary of the option's grant date. The option was granted on 3/26/2021.
F2 The option agreement provides that the option becomes exercisable in 4 equal annual installments beginning on the first anniversary of the option's grant date. The option was granted on 3/26/2020.
F3 The option agreement provides that the option becomes exercisable in 4 equal annual installments beginning on the first anniversary of the option's grant date. The option was granted on 7/8/2019.
F4 The restricted share award agreement provides that the restricted share award vests in 4 equal annual installments beginning on the first anniversary of the restricted share award's grant date. The restricted share award was granted on 3/26/2021.
F5 The restricted share award agreement provides that the restricted share award vests in full on the second anniversary of the restricted share award's grant date. The restricted share award was granted on 11/19/2021.
F6 The restricted share award agreement provides that the restricted share award vests in 4 equal annual installments beginning on the first anniversary of the restricted share award's grant date. The restricted share award was granted on 3/26/2020.
F7 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