Jacques Tortoroli - Feb 11, 2022 Form 4 Insider Report for Charlotte's Web Holdings, Inc. (CWBHF)

Role
Chief Executive Officer, Director
Signature
/s/ Stephen D. Rogers, Attorney in Fact for Jacques Tortoroli
Stock symbol
CWBHF
Transactions as of
Feb 11, 2022
Transactions value $
$152,100
Form type
4
Date filed
2/14/2022, 08:13 PM
Previous filing
Jan 4, 2022
Next filing
Mar 17, 2022

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 CWBHF Restricted Share Award Award $152K +97.5K $1.56* 97.5K Feb 11, 2022 Common Shares 97.5K Direct F1, F2
transaction CWBHF Stock Option (right to buy) Award $0 +293K $0.00 293K Feb 11, 2022 Common Shares 293K $1.56 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted share award represents a contingent right to receive one common share of Charlotte's Web Holdings, Inc.
F2 The restricted share award agreement provides that the restricted share award vests in 3 equal annual installments beginning on the first anniversary of the restricted share award's grant date. The restricted share award was granted on 2/11/2022.
F3 The option agreement provides that the option becomes exercisable in 3 equal annual installments beginning on the first anniversary of the option's grant date. The option was granted on 2/11/2022.