William J. Morachnick - 31 Dec 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 William Morachnick
Issuer symbol: CWBHF
Transactions as of: 31 Dec 2023
Net transactions value: -$25,538
Form type: 4
Filing time: 03 Jan 2024, 13:57:26 UTC
Previous filing: 13 Oct 2023
Next filing: 02 Apr 2024
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	$0	+375,000	+113%	$0.000000	707,771	31 Dec 2023	Direct	F1
transaction	CWBHF	Common Shares	Tax liability	$25,538	-127,688	-18%	$0.2000	580,083	31 Dec 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	-375,000	-8.3%	$0.000000	4,125,000	31 Dec 2023	Common Shares	375,000		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 units vest in equal quarterly installments beginning on 12/31/2023. The restricted stock units were granted on 10/12/2023.