Jessica Saxton - Feb 1, 2023 Form 4 Insider Report for Charlotte's Web Holdings, Inc. (CWBHF)

Role
CFO and PAO
Signature
/s/ Stephen D. Rogers, Attorney in Fact for Jessica Saxton
Stock symbol
CWBHF
Transactions as of
Feb 1, 2023
Transactions value $
$0
Form type
4
Date filed
2/3/2023, 03:54 PM
Previous filing
Jan 6, 2023
Next filing
Apr 4, 2023

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 Award $0 +179K $0.00 179K Feb 1, 2023 Common Shares 179K Direct F1, F2
transaction CWBHF Stock Option (right to buy) Award $0 +536K $0.00 536K Feb 1, 2023 Common Shares 536K $0.56 Direct F3
* 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 over 2 years, with 50% of the award vesting on the first-year anniversary of the grant date and the remaining 50% of the award vesting on a quarterly basis over the second year. The restricted stock unit was granted on 2/1/2023.
F3 The option agreement provides that the option becomes exercisable over 2 years, with 50% of the award vesting on the first-year anniversary of the grant date and the remaining 50% of the award vesting on a quarterly basis over the second year. The option was granted on 2/1/2023.