Jacques Tortoroli - Apr 1, 2023 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
Apr 1, 2023
Transactions value $
$0
Form type
4
Date filed
4/4/2023, 04:59 PM
Previous filing
Feb 14, 2023
Next filing
Sep 15, 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 Stock Option (right to buy) Award $0 +76.3K $0.00 76.3K Apr 1, 2023 Common Shares 76.3K $0.32 Direct F1
transaction CWBHF Restricted Stock Unit Award $0 +25.4K $0.00 25.4K Apr 1, 2023 Common Shares 25.4K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option agreement provides that the option becomes exercisable in 3 equal annual installments beginning on the first anniversary of the option's grant date. The option was granted on 4/1/2023.
F2 Each restricted stock unit represents a contingent right to receive one common share of Charlotte's Web Holdings, Inc.
F3 The restricted stock unit agreement provides that the restricted stock unit vests in 3 equal annual installments beginning on the first anniversary of the restricted stock unit's grant date. The restricted stock unit was granted on 4/1/2023.