JACQUES TORTOROLI - 16 Dec 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: 16 Dec 2022
Net transactions value: +$26,649
Form type: 4
Filing time: 20 Dec 2022, 10:25:25 UTC
Previous filing: 19 Sep 2022
Next filing: 04 Jan 2023
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	$37,481	+62,500	+38%	$0.5997	228,140	16 Dec 2022	Direct	F1
transaction	CWBHF	Common Shares	Tax liability	$10,832	-18,062	-7.9%	$0.5997	210,078	16 Dec 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	-62,500	-100%	$0.000000^*	0	16 Dec 2022	Common Shares	62,500		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 4 equal installments every three months beginning three months after the grant date. The restricted stock unit was granted on 12/16/2021.