Jacques Tortoroli - 13 Sep 2023 Form 4/A - Amendment 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
Issuer symbol
CWBHF
Transactions as of
13 Sep 2023
Net transactions value
+$130,374
Form type
4/A - Amendment
Filing time
15 Sep 2023, 17:41:16 UTC
Date Of Original Report
15 Sep 2023
Previous filing
04 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWBHF Common Shares Options Exercise $150,875 +425,000 +82% $0.3550 945,356 13 Sep 2023 Direct F1
transaction CWBHF Common Shares Options Exercise $23,075 +65,000 +6.9% $0.3550 1,010,356 13 Sep 2023 Direct F1
transaction CWBHF Common Shares Options Exercise $9,032 +25,441 +2.5% $0.3550 1,035,797 13 Sep 2023 Direct F1
transaction CWBHF Common Shares Tax liability $52,607 -148,190 -14% $0.3550 887,607 13 Sep 2023 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 -425,000 -100% $0.000000* 0 13 Sep 2023 Common Shares 425,000 Direct F1, F2
transaction CWBHF Restricted Stock Unit Options Exercise $0 -65,000 -100% $0.000000* 0 13 Sep 2023 Common Shares 65,000 Direct F1, F3
transaction CWBHF Restricted Stock Unit Options Exercise $0 -25,441 -100% $0.000000* 0 13 Sep 2023 Common Shares 25,441 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jacques Tortoroli is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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. Due to separation as a board member and officer, accelerated vesting approved on 9/13/2023.
F3 The restricted share award agreement provides that the restricted share award vests in 3 equal annual installments beginning on the first anniversary of the restricted share award's grant date. The restricted share award was granted on 2/11/2022. Due to separation as a board member and officer, accelerated vesting approved on 9/13/2023.
F4 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. Due to separation as a board member and officer, accelerated vesting approved on 9/13/2023.