Raymond J. Kunkel - 09 Oct 2023 Form 3 Insider Report for Charlotte's Web Holdings, Inc. (CWBHF)

Role: Chief Operating Officer
Signature: /s/ Stephen D. Rogers, Attorney in Fact for Raymond Kunkel
Issuer symbol: CWBHF
Transactions as of: 09 Oct 2023
Net transactions value: $0
Form type: 3
Filing time: 13 Oct 2023, 16:48:55 UTC
Next filing: 21 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CWBHF	Common Shares						25,131	09 Oct 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
holding	CWBHF	Stock Option (right to buy)							09 Oct 2023	Common Shares	6,532	$4.70	Direct	F1
holding	CWBHF	Restricted Stock Unit							09 Oct 2023	Common Shares	20,062		Direct	F2, F3
holding	CWBHF	Restricted Stock Unit							09 Oct 2023	Common Shares	2,393		Direct	F3, F4
holding	CWBHF	Restricted Stock Unit							09 Oct 2023	Common Shares	39,216		Direct	F3, F5
holding	CWBHF	Restricted Stock Unit							09 Oct 2023	Common Shares	11,667		Direct	F3, F6
holding	CWBHF	Restricted Stock Unit							09 Oct 2023	Common Shares	23,179		Direct	F3, F7
holding	CWBHF	Stock Option (right to buy)							09 Oct 2023	Common Shares	52,500	$1.56	Direct	F8
holding	CWBHF	Stock Option (right to buy)							09 Oct 2023	Common Shares	60,186	$0.3200	Direct	F9

* 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 03/26/2021. 3,352 options are currently vested.
F2	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.
F3	Each restricted stock unit represents a contingent right to receive one common share of Charlotte's Web Holdings, Inc.
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 03/26/2021 as 4,787 units, 2,394 units have already vested.
F5	The restricted stock unit agreement provides that the restricted stock unit vests in 1 installment on the first anniversary of the restricted stock unit's grant date. The restricted stock unit was granted on 12/22/2022.
F6	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 02/11/2022 as 17,500 units, 5,833 units have already vested.
F7	The restricted stock unit agreement provides that the restricted stock unit vests in 1 installment on the second anniversary of the restricted stock unit's grant date. The restricted stock unit was granted on 11/19/2021.
F8	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 02/11/2022. 17,500 options are currently vested.
F9	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 04/01/2023.