Jacques Tortoroli - Dec 31, 2022 Form 4 Insider Report for Charlotte's Web Holdings, Inc. (CWBHF)

Signature
/s/ Stephen D. Rogers, Attorney in Fact for Jacques Tortoroli
Stock symbol
CWBHF
Transactions as of
Dec 31, 2022
Transactions value $
$148,815
Form type
4
Date filed
1/4/2023, 01:47 PM
Previous filing
Dec 20, 2022
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWBHF Common Shares Options Exercise $220K +425K +202.31% $0.52 635K Dec 31, 2022 Direct F1
transaction CWBHF Common Shares Tax liability -$71.5K -138K -21.71% $0.52 497K Dec 31, 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 -425K -50% $0.00 425K Dec 31, 2022 Common Shares 425K 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 2 equal annual installments beginning on 12/31/2022. The restricted stock unit was granted on 8/2/2022.