Sibyl Nichole Swift - 09 Aug 2022 Form 4 Insider Report for cbdMD, Inc. (YCBD)

Role
Director
Signature
/s/ Sibyl Swift
Issuer symbol
YCBD
Transactions as of
09 Aug 2022
Net transactions value
$0
Form type
4
Filing time
11 Aug 2022, 18:33:40 UTC
Next filing
22 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YCBD Common Stock Award $0 +5,000 +95% $0.000000 10,250 09 Aug 2022 Direct F1

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 YCBD Stock Options (Right to Buy) Award +30,000 30,000 09 Aug 2022 Common Stock 30,000 $0.5680 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted shares of common stock were issued under the 2015 Equity Compensation Plan as compensation to the Reporting Person for her services on the Issuer's Board of Directors for the Board term beginning August 9, 2022. The issuance was exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder as it was approved in advance by the Issuer's Compensation, Corporate Governance and Nominating Committee, which is comprised of four non-employee directors. The shares vested upon issuance.
F2 The stock options were issued under the 2015 Equity Compensation Plan as compensation to the Reporting Person for her services on the Issuer's Board of Directors for the Board term beginning August 9, 2022. The issuance was exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder as it was approved in advance by the Issuer's Compensation, Corporate Governance and Nominating Committee, which is comprised of four non-employee directors. and the options are fully vested as of the date of issuance.
F3 Not applicable.