Jared Stanley - Mar 26, 2022 Form 4 Insider Report for Charlotte's Web Holdings, Inc. (CWBHF)

Role
Chief Cultivation & Inov. Ofc.
Signature
/s/ Stephen D. Rogers, Attorney-in-Fact for Jared Stanley
Stock symbol
CWBHF
Transactions as of
Mar 26, 2022
Transactions value $
$7,889
Form type
4
Date filed
3/29/2022, 04:51 PM
Previous filing
Feb 24, 2022
Next filing
Jul 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWBHF Common Shares Options Exercise $8.04K +6.48K +11.58% $1.24 62.5K Mar 26, 2022 Direct F1
transaction CWBHF Common Shares Options Exercise $3.95K +3.19K +5.1% $1.24 65.7K Mar 26, 2022 Direct F1
transaction CWBHF Common Shares Tax liability -$2.75K -2.22K -3.38% $1.24 63.4K Mar 26, 2022 Direct
transaction CWBHF Common Shares Tax liability -$1.35K -1.09K -1.72% $1.24 62.4K Mar 26, 2022 Direct
holding CWBHF Common Shares 2.08M Mar 26, 2022 By CK&J Irrevocable Trust F2

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 -6.48K -25% $0.00 19.4K Mar 26, 2022 Common Shares 6.48K Direct F1, F3
transaction CWBHF Restricted Share Award Options Exercise $0 -3.19K -33.34% $0.00 6.38K Mar 26, 2022 Common Shares 3.19K Direct F1, F4
* 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 As Trustee of the CK&J Irrevocable Trust (the "Trust"). The reporting person and members of his immediate family are among the beneficiaries. The reporting person disclaims beneficial ownership of the Common Shares held by the Trust except to the extent of his pecuniary interest.
F3 The restricted share award agreement provides that the restricted share award vests in 4 equal annual installments beginning on the first anniversary of the restricted share award's grant date. The restricted share award was granted on 3/26/2021.
F4 The restricted share award agreement provides that the restricted share award vests in 4 equal annual installments beginning on the first anniversary of the restricted share award's grant date. The restricted share award was granted on 3/26/2020