Joerg Grasser - 30 Mar 2022 Form 4 Insider Report for CV Sciences, Inc. (CVSI)

Role
CFO
Signature
/s/ Joerg Grasser
Issuer symbol
CVSI
Transactions as of
30 Mar 2022
Net transactions value
$0
Form type
4
Filing time
01 Apr 2022, 20:22:35 UTC
Next filing
17 Mar 2023
SEC
View on sec.gov

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 CVSI Employee Stock Option (right to buy) Disposed to Issuer -750,000 -100% 0 30 Mar 2022 Common Stock 750,000 $0.5900 Direct F1, F2
transaction CVSI Employee Stock Option (right to buy) Disposed to Issuer -750,000 -100% 0 30 Mar 2022 Common Stock 750,000 $0.3300 Direct F2, F3
transaction CVSI Employee Stock Option (right to buy) Disposed to Issuer -250,000 -100% 0 30 Mar 2022 Common Stock 250,000 $0.6600 Direct F2, F3
transaction CVSI Employee Stock Option (right to buy) Disposed to Issuer -250,000 -100% 0 30 Mar 2022 Common Stock 250,000 $0.6600 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option is durational based. 375,000 option shares were vested and exercisable on the date of cancellation. Twenty-five (25%) of the option shares were scheduled to vest and become exercisable on September 1, 2022 and March 1, 2023, provided, that there was no termination of service as of such date.
F2 On March 30, 2022, the stock options were cancelled by mutual agreement of the reporting person and the issuer. The reporting person received an aggregate of $100 as consideration for the cancellation.
F3 The option is durational based. All option shares were vested and exercisable on the date of cancellation.