Jacques Tortoroli - Dec 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: Dec 16, 2022
Transactions value $: $26,649
Form type: 4
Date filed: 12/20/2022, 10:25 AM
Previous filing: Sep 19, 2022
Next filing: Jan 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CWBHF	Common Shares	Options Exercise	$37.5K	+62.5K	+37.73%	$0.60	228K	Dec 16, 2022	Direct	F1
transaction	CWBHF	Common Shares	Tax liability	-$10.8K	-18.1K	-7.92%	$0.60	210K	Dec 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 Stock Unit	Options Exercise	$0	-62.5K	-100%	$0.00^*	0	Dec 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 stock unit represents a contingent right to receive one common share of Charlotte's Web Holdings, Inc.
F2	The restricted stock unit agreement provides that the restricted stock unit vests in 4 equal installments every three months beginning three months after the grant date. The restricted stock unit was granted on 12/16/2021.