William J. Morachnick - 31 Mar 2024 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
Issuer symbol: CWBHF
Transactions as of: 31 Mar 2024
Net transactions value: -$21,563
Form type: 4
Filing time: 02 Apr 2024, 12:32:05 UTC
Previous filing: 03 Jan 2024
Next filing: 01 Jul 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	+375,000	+65%	$0.000000	955,083	31 Mar 2024	Direct	F1
transaction	CWBHF	Common Shares	Tax liability	$21,563	-107,813	-11%	$0.2000	847,270	31 Mar 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	-375,000	-9.1%	$0.000000	3,750,000	31 Mar 2024	Common Shares	375,000		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 unit vests in equal quarterly installments beginning on 12/31/2023. The restricted stock unit was granted on 10/12/2023.