Anne M. Butler - 21 Aug 2025 Form 4 Insider Report for CHARLES & COLVARD LTD (CTHR)

Reporting relationship: Director
Issuer ticker: CTHR
Reported as of: 21 Aug 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 25 Aug 2025, 21:46:38 UTC
Prior SEC filing: 18 Dec 2023
Source filing: View source filing
Reporting owner signature: /s/ Clint J. Pete, Attorney-in-Fact

Key filing fact

Anne M. Butler filed Form 4 for CHARLES & COLVARD LTD (CTHR) on 25 Aug 2025.

Key facts

This page summarizes Anne M. Butler's Form 4 filing for CHARLES & COLVARD LTD (CTHR).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 25 Aug 2025, 21:46.

Change

Previous filing in this sequence was filed on 18 Dec 2023.
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

Reporting Owners (1)

CIK 0001401704 Primary reporting owner

Butler Anne M

Relationship: Director
Address: 170 SOUTHPORT DRIVE, MORRISVILLE
Signature: /s/ Clint J. Pete, Attorney-in-Fact
Signature date: 25 Aug 2025

Reported non-derivative transactions

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

CTHR holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 36,324
Date: 21 Aug 2025
Ownership: Direct

Reported derivative securities

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

CTHR transaction Derivative

Restricted Stock Award

Award

Transaction value: $0
Shares: +24,000
Change %
Price: $0.000000
Shares after: 24,000
Date: 21 Aug 2025
Ownership: Direct
Underlying class: Common stock
Underlying amount: 24,000
Exercise price: $0.000000
Footnotes: F1, 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

The restricted stock was granted pursuant to the Charles & Colvard, Ltd. (the "Issuer") Fiscal 2026 Executive Incentive Program. The reporting person will elect within one week of the Issuer's filing of its Annual Report on Form 10-K for fiscal year ended June 30, 2025 to either receive (1) 65% of the restricted stock, which will convert into the Issuer's common stock upon the vesting parameters outlined in footnote 2 below and the remaining 35% of the restricted stock will be converted into a cash bonus award; or (2) 100% of the restricted stock, which will convert into the Issuer's common stock upon the vesting parameters outlined in footnote 2 below. However, the two options noted above can be changed for future vesting tranches no less than three months before such vesting event.

Footnote F2

Represents restricted stock vesting quarterly over one year beginning October 1, 2025, however the October 1, 2025 and the January 1, 2026 tranches will both vest on January 1, 2026 for a total of 12,000 shares of restricted stock vesting on January 1, 2026, and the remaining two tranches will vest quarterly thereafter.