Don O'connell - Oct 13, 2023 Form 4 Insider Report for CHARLES & COLVARD LTD (CTHR)

Role: President & CEO, Director
Signature: /s/ Clint J. Pete Attorney-in-Fact
Stock symbol: CTHR
Transactions as of: Oct 13, 2023
Transactions value $: $0
Form type: 4
Date filed: 10/17/2023, 05:03 PM
Previous filing: Nov 9, 2022
Next filing: Nov 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CTHR	Common Stock	Disposed to Issuer	$0	-97.5K	-17.77%	$0.00	451K	Oct 13, 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents cancellation of 97,500 shares of performance-based restricted stock originally granted on November 7, 2022 pursuant to Charles & Colvard, Ltd.'s Fiscal 2023 Senior Management Equity Incentive Program (the "Plan"). These shares were cancelled because the performance goals associated with the grant were not achieved at the target level. An additional 52,500 shares of performance-based phantom stock were forfeited pursuant to the Plan because the performance goals associated with the grant were not achieved at the target level.

Content

Represents cancellation of 97,500 shares of performance-based restricted stock originally granted on November 7, 2022 pursuant to Charles & Colvard, Ltd.'s Fiscal 2023 Senior Management Equity Incentive Program (the "Plan"). These shares were cancelled because the performance goals associated with the grant were not achieved at the target level. An additional 52,500 shares of performance-based phantom stock were forfeited pursuant to the Plan because the performance goals associated with the grant were not achieved at the target level.