Jacques Tortoroli - 16 Mar 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
Issuer symbol: CWBHF
Transactions as of: 16 Mar 2022
Net transactions value: +$45,341
Form type: 4
Filing time: 17 Mar 2022, 21:26:28 UTC
Previous filing: 14 Feb 2022
Next filing: 13 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CWBHF	Common Shares	Options Exercise	$68,125	+62,500	+264%	$1.09	86,178	16 Mar 2022	Direct	F1
transaction	CWBHF	Common Shares	Tax liability	$22,784	-20,903	-24%	$1.09	65,275	16 Mar 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	-62,500	-25%	$0.000000	187,500	16 Mar 2022	Common Shares	62,500		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.