Raymond Kunkel - Feb 1, 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
Stock symbol
CWBHF
Transactions as of
Feb 1, 2024
Transactions value $
-$2,147
Form type
4
Date filed
2/5/2024, 05:51 PM
Previous filing
Dec 26, 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 +2.39K +3.44% $0.00 72K Feb 1, 2024 Direct F1
transaction CWBHF Common Shares Options Exercise $0 +11.7K +16.21% $0.00 83.6K Feb 1, 2024 Direct F1
transaction CWBHF Common Shares Options Exercise $0 +20.1K +23.98% $0.00 104K Feb 1, 2024 Direct F1
transaction CWBHF Common Shares Tax liability -$2.15K -11.6K -11.2% $0.18 92.1K 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 -2.39K -100% $0.00* 0 Feb 1, 2024 Common Shares 2.39K Direct F1, F2
transaction CWBHF Restricted Stock Unit Options Exercise $0 -11.7K -100% $0.00* 0 Feb 1, 2024 Common Shares 11.7K Direct F1, F3
transaction CWBHF Restricted Stock Unit Options Exercise $0 -20.1K -100% $0.00* 0 Feb 1, 2024 Common Shares 20.1K 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.