Jacques Tortoroli - Mar 16, 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: Mar 16, 2022
Transactions value $: $45,341
Form type: 4
Date filed: 3/17/2022, 09:26 PM
Previous filing: Feb 14, 2022
Next filing: Jun 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CWBHF	Common Shares	Options Exercise	$68.1K	+62.5K	+263.96%	$1.09	86.2K	Mar 16, 2022	Direct	F1
transaction	CWBHF	Common Shares	Tax liability	-$22.8K	-20.9K	-24.26%	$1.09	65.3K	Mar 16, 2022	Direct

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	Options Exercise	$0	-62.5K	-25%	$0.00	188K	Mar 16, 2022	Common Shares	62.5K		Direct	F1, F2

* 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 4 equal installments every three months beginning three months after the grant date. The restricted share award was granted on 12/16/2021.