Ollin B. Sykes - 11 Jan 2022 Form 4 Insider Report for CHARLES & COLVARD LTD (CTHR)

Role
Director
Signature
/s/ Clint J. Pete, Attorney-In-Fact
Issuer symbol
CTHR
Transactions as of
11 Jan 2022
Net transactions value
+$49,999
Form type
4
Filing time
13 Jan 2022, 15:33:04 UTC
Previous filing
17 Dec 2021
Next filing
14 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTHR Common Stock Options Exercise $49,999 +44,642 +7.5% $1.12 636,421 11 Jan 2022 Direct
holding CTHR Common Stock 1,546,000 11 Jan 2022 By Sykes & Company PA 401(k) Profit Sharing Plan UA Jan 01, 1985 F1
holding CTHR Common Stock 138,000 11 Jan 2022 By SEP IRA
holding CTHR Common Stock 95,358 11 Jan 2022 By ROTH IRA
holding CTHR Common Stock 111,500 11 Jan 2022 By IRA
holding CTHR Common Stock 45,787 11 Jan 2022 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 -44,642 -100% $0.000000* 0 11 Jan 2022 Common Stock 44,642 $1.12 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 546,000 shares 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.