William Morachnick - Dec 31, 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
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.