JACQUES TORTOROLI - 09 Jun 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: 09 Jun 2022
Net transactions value: +$5,940
Form type: 4
Filing time: 13 Jun 2022, 10:02:55 UTC
Previous filing: 17 Mar 2022
Next filing: 21 Jun 2022
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	$8,355	+16,164	+25%	$0.5169	81,439	09 Jun 2022	Direct	F1
transaction	CWBHF	Common Shares	Tax liability	$2,415	-4,672	-5.7%	$0.5169	76,767	09 Jun 2022	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	-16,164	-100%	$0.000000^*	0	09 Jun 2022	Common Shares	16,164		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 full on the first anniversary of the restricted stock unit's grant date. The restricted stock unit was granted on 6/9/2021.