JACQUES TORTOROLI - 31 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
31 Dec 2022
Transactions value $
$148,815
Form type
4
Filing time
04 Jan 2023, 13:47:40 UTC
Previous filing
20 Dec 2022
Next filing
14 Feb 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 $220,277 +425,000 +202% $0.5183 635,078 31 Dec 2022 Direct F1
transaction CWBHF Common Shares Tax liability -$71,462 -137,878 -22% $0.5183 497,200 31 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 -425,000 -50% $0 425,000 31 Dec 2022 Common Shares 425,000 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 2 equal annual installments beginning on 12/31/2022. The restricted stock unit was granted on 8/2/2022.