James Michael Corroon Jr. - Aug 12, 2022 Form 4 Insider Report for CV Sciences, Inc. (CVSI)

Role
Director
Signature
/s/ Joerg Grasser as attorney-in-fact for James Michael Corroon, Jr.
Stock symbol
CVSI
Transactions as of
Aug 12, 2022
Transactions value $
$16,250
Form type
4
Date filed
8/15/2022, 04:58 PM
Previous filing
Jul 29, 2022
Next filing
Jun 24, 2024

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) Award $16.3K +500K $0.03 500K Aug 12, 2022 Common Stock 500K $0.03 Direct F1
* 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. Fifty (50%) of the option shares vest and become exercisable on August 12, 2023 and August 12, 2024, provided, that there has not been a termination of service as of such date. In no event will any unvested portion of the option vest or become exercisable for any additional option shares after a termination of service.