Raymond J. Kunkel - 19 Nov 2023 Form 4 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: 19 Nov 2023
Net transactions value: +$3,369
Form type: 4
Filing time: 21 Nov 2023, 17:43:27 UTC
Previous filing: 13 Oct 2023
Next filing: 26 Dec 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	$4,729	+23,179	+92%	$0.2040	48,310	19 Nov 2023	Direct	F1
transaction	CWBHF	Common Shares	Tax liability	$1,359	-6,664	-14%	$0.2040	41,646	19 Nov 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	-23,179	-100%	$0.000000^*	0	19 Nov 2023	Common Shares	23,179		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 1 installment on 11/19/2023. The restricted stock unit was granted on 11/19/2021.