Raymond J. Kunkel - 01 Feb 2024 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: 01 Feb 2024
Net transactions value: -$2,147
Form type: 4
Filing time: 05 Feb 2024, 17:51:58 UTC
Previous filing: 26 Dec 2023
Next filing: 03 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	+2,393	+3.4%	$0.000000	71,982	01 Feb 2024	Direct	F1
transaction	CWBHF	Common Shares	Options Exercise	$0	+11,667	+16%	$0.000000	83,649	01 Feb 2024	Direct	F1
transaction	CWBHF	Common Shares	Options Exercise	$0	+20,062	+24%	$0.000000	103,711	01 Feb 2024	Direct	F1
transaction	CWBHF	Common Shares	Tax liability	$2,147	-11,612	-11%	$0.1849	92,099	01 Feb 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	-2,393	-100%	$0.000000^*	0	01 Feb 2024	Common Shares	2,393		Direct	F1, F2
transaction	CWBHF	Restricted Stock Unit	Options Exercise	$0	-11,667	-100%	$0.000000^*	0	01 Feb 2024	Common Shares	11,667		Direct	F1, F3
transaction	CWBHF	Restricted Stock Unit	Options Exercise	$0	-20,062	-100%	$0.000000^*	0	01 Feb 2024	Common Shares	20,062		Direct	F1, F4

* 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 4 equal annual installments beginning on the first anniversary of the restricted stock unit's grant date. The restricted stock units were granted on 3/26/2021. 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 2/11/2022. The Company accelerated all of the Section 16 insiders' restricted stock units on 2/1/2024 other than the CEO's.
F4	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.