John J. Wiesehan III - Sep 28, 2021 Form 4 Insider Report for cbdMD, Inc. (YCBD)

Role: Chief Revenue Officer
Signature: /s/ John J. Wiesehan III
Stock symbol: YCBD
Transactions as of: Sep 28, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/29/2021, 06:01 PM
Previous filing: Aug 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	YCBD	Common Stock	Other		-162K	-100%		0	Sep 28, 2021	By Twenty Two Capital LLC	F1, F2
transaction	YCBD	Common Stock	Other		+150K	+578.65%		176K	Sep 28, 2021	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The common stock was issued as partial consideration pursuant to that certain Asset Purchase Agreement dated July 22, 2021, by and among Twenty Two Capital, LLC ("Twenty Two"), the Issuer, the Reporting Person, and the other parties named therein, with 300,000 shares of common stock issued at closing of the Asset Purchase Agreement. On September 28, 2021, Twenty Two transferred a limited number of shares and distributed the remaining shares to its members on a pro rata basis. Represents the distribution of the shares by Twenty Two and the acquisition of the pro rata number of shares distributed to the Reporting Person, a member of Twenty Two as approved by the Issuer's board of directors and exempt under Section 16b-3.
F2	Represents the Reporting Person's pecuniary interest in the 300,000 shares of the Issuer acquired by Twenty Two pursuant to the APA. The Reporting Person is the holder of a 53.85% membership interest in Twenty Two and a manager of Twenty Two.

Content

The common stock was issued as partial consideration pursuant to that certain Asset Purchase Agreement dated July 22, 2021, by and among Twenty Two Capital, LLC ("Twenty Two"), the Issuer, the Reporting Person, and the other parties named therein, with 300,000 shares of common stock issued at closing of the Asset Purchase Agreement. On September 28, 2021, Twenty Two transferred a limited number of shares and distributed the remaining shares to its members on a pro rata basis. Represents the distribution of the shares by Twenty Two and the acquisition of the pro rata number of shares distributed to the Reporting Person, a member of Twenty Two as approved by the Issuer's board of directors and exempt under Section 16b-3.

Represents the Reporting Person's pecuniary interest in the 300,000 shares of the Issuer acquired by Twenty Two pursuant to the APA. The Reporting Person is the holder of a 53.85% membership interest in Twenty Two and a manager of Twenty Two.