Jessica Saxton - Feb 1, 2024 Form 4 Insider Report for Charlotte's Web Holdings, Inc. (CWBHF)

Role
Chief Financial Officer
Signature
/s/ Stephen D. Rogers, Attorney in Fact for Jessica Saxton
Stock symbol
CWBHF
Transactions as of
Feb 1, 2024
Transactions value $
-$30,918
Form type
4
Date filed
2/5/2024, 05:46 PM
Previous filing
Apr 4, 2023
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWBHF Common Shares Options Exercise $0 +179K $0.00 179K Feb 1, 2024 Direct F1
transaction CWBHF Common Shares Options Exercise $0 +313K +175% $0.00 491K Feb 1, 2024 Direct F1
transaction CWBHF Common Shares Tax liability -$30.9K -167K -34.05% $0.18 324K Feb 1, 2024 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 -179K -100% $0.00* 0 Feb 1, 2024 Common Shares 179K Direct F1, F2
transaction CWBHF Restricted Stock Unit Options Exercise $0 -313K -100% $0.00* 0 Feb 1, 2024 Common Shares 313K Direct F1, F3
* 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 over 2 years, with 50% of the award vesting on the first-year anniversary of the grant date and the remaining 50% of the award vesting on a quarterly basis over the second year. The restricted stock units were granted on 2/1/2023. The Company accelerated all of the Section 16 insiders' restricted stock units on 2/1/2024 other than the CEO's.
F3 The restricted stock unit agreement provides that the restricted stock units vest in 3 equal annual installments beginning on the first anniversary of the restricted stock unit's grant date. The restricted stock units were granted on 4/1/2023. The Company accelerated all of the Section 16 insiders' restricted stock units on 2/1/2024 other than the CEO's.