Kevin MacDermott - 16 May 2022 Form 4 Insider Report for cbdMD, Inc. (YCBD)

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
18 May 2022, 16:06:46 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Kevin MacDermott

Key filing fact

Kevin MacDermott filed Form 4 for cbdMD, Inc. (YCBD) on 18 May 2022.

Key facts

  • This page summarizes Kevin MacDermott's Form 4 filing for cbdMD, Inc. (YCBD).
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 18 May 2022, 16:06.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

YCBD transaction

Common Stock

Award

Transaction value
Shares
+125,000
Change %
+12500%
Price
Shares after
126,000
Date
16 May 2022
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

YCBD transaction Derivative

Common Stock (Right to Buy)

Award

Transaction value
Shares
+405,000
Change %
Price
Shares after
405,000
Date
16 May 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
405,000
Exercise price
$0.8400
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The grant was exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder as it was approved in advance by the Issuer's Compensation, Corporate Governance and Nominating Committee, which is comprised of four non-employee directors. The restricted stock units were issued under the 2021 Equity Compensation Plan as partial compensation to the Reporting Person for his services as the Issuer's President beginning May 16, 2022.

Footnote F2

The stock options were granted under the 2021 Equity Compensation Plan as compensation to the Reporting Person as the Issuer's President beginning May 16, 2022. The grant was exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder as it was approved in advance by the Issuer's Compensation, Corporate Governance and Nominating Committee, which is comprised of three non-employee directors. The options vest annually in three equal increments on May 15, 2023, May 15, 2024, and May 15, 2025.

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