William Morachnick - Dec 31, 2023 Form 4 Insider Report for Charlotte's Web Holdings, Inc. (CWBHF)

Signature
/s/ Stephen D. Rogers, Attorney in Fact for William Morachnick
Stock symbol
CWBHF
Transactions as of
Dec 31, 2023
Transactions value $
-$25,538
Form type
4
Date filed
1/3/2024, 01:57 PM
Previous filing
Oct 13, 2023
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWBHF Common Shares Options Exercise $0 +375K +112.69% $0.00 708K Dec 31, 2023 Direct F1
transaction CWBHF Common Shares Tax liability -$25.5K -128K -18.04% $0.20 580K Dec 31, 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 -375K -8.33% $0.00 4.13M Dec 31, 2023 Common Shares 375K 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.