Jared Stanley - 04 Jan 2022 Form 3 Insider Report for Charlotte's Web Holdings, Inc. (CWBHF)

Role
Chief Cultivation & Inov. Ofc.
Signature
/s/ Jason L. Langford, Attorney-in-Fact for Jared Stanley
Issuer symbol
CWBHF
Transactions as of
04 Jan 2022
Net transactions value
$0
Form type
3
Filing time
14 Jan 2022, 11:26:43 UTC
Next filing
14 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CWBHF Common Shares 55,988 04 Jan 2022 Direct
holding CWBHF Common Shares 2,075,798 04 Jan 2022 By CK&J Irrevocable Trust F1

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
holding CWBHF Stock Option (right to buy) 04 Jan 2022 Common Shares 35,386 $4.70 Direct F2
holding CWBHF Stock Option (right to buy) 04 Jan 2022 Common Shares 52,608 $4.78 Direct F3
holding CWBHF Restricted Share Award 04 Jan 2022 Common Shares 25,931 Direct F4, F6
holding CWBHF Restricted Share Award 04 Jan 2022 Common Shares 9,563 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As Trustee of the CK&J Irrevocable Trust (the "Trust"). The reporting person and members of his immediate family are among the beneficiaries. The reporting person disclaims beneficial ownership of the Common Shares held by the Trust except to the extent of his pecuniary interest.
F2 The option agreement provides that the option becomes exercisable in 4 equal annual installments beginning on the first anniversary of the option's grant date. The option was granted on 3/26/2021.
F3 The option agreement provides that the option becomes exercisable in 4 equal annual installments beginning on the first anniversary of the option's grant date. The option was granted on 3/26/2020.
F4 The restricted share award agreement provides that the restricted share award vests in 4 equal annual installments beginning on the first anniversary of the restricted share award's grant date. The restricted share award was granted on 3/26/2021.
F5 The restricted share award agreement provides that the restricted share award vests in 4 equal annual installments beginning on the first anniversary of the restricted share award's grant date. The restricted share award was granted on 3/26/2020
F6 Each restricted share award represents a contingent right to receive one common share of Charlotte's Web Holdings, Inc.

Remarks:

Exhibit List Exhibit 24 - Power of Attorney