JACQUES TORTOROLI - 11 Feb 2022 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 Jacques Tortoroli
Issuer symbol
CWBHF
Transactions as of
11 Feb 2022
Net transactions value
+$152,100
Form type
4
Filing time
14 Feb 2022, 20:13:31 UTC
Previous filing
04 Jan 2022
Next filing
17 Mar 2022
SEC
View on sec.gov

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 Share Award Award $152,100 +97,500 $1.56 97,500 11 Feb 2022 Common Shares 97,500 Direct F1, F2
transaction CWBHF Stock Option (right to buy) Award $0 +292,500 $0.000000 292,500 11 Feb 2022 Common Shares 292,500 $1.56 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted share award represents a contingent right to receive one common share of Charlotte's Web Holdings, Inc.
F2 The restricted share award agreement provides that the restricted share award vests in 3 equal annual installments beginning on the first anniversary of the restricted share award's grant date. The restricted share award was granted on 2/11/2022.
F3 The option agreement provides that the option becomes exercisable in 3 equal annual installments beginning on the first anniversary of the option's grant date. The option was granted on 2/11/2022.