Ollin B. Sykes - Jan 11, 2022 Form 4 Insider Report for CHARLES & COLVARD LTD (CTHR)

Role
Director
Signature
/s/ Clint J. Pete, Attorney-In-Fact
Stock symbol
CTHR
Transactions as of
Jan 11, 2022
Transactions value $
$49,999
Form type
4
Date filed
1/13/2022, 03:33 PM
Previous filing
Dec 17, 2021
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTHR Common Stock Options Exercise $50K +44.6K +7.54% $1.12 636K Jan 11, 2022 Direct
holding CTHR Common Stock 1.55M Jan 11, 2022 By Sykes & Company PA 401(k) Profit Sharing Plan UA Jan 01, 1985 F1
holding CTHR Common Stock 138K Jan 11, 2022 By SEP IRA
holding CTHR Common Stock 95.4K Jan 11, 2022 By ROTH IRA
holding CTHR Common Stock 112K Jan 11, 2022 By IRA
holding CTHR Common Stock 45.8K Jan 11, 2022 By spouse

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 CTHR Stock Option (right to buy) Options Exercise $0 -44.6K -100% $0.00* 0 Jan 11, 2022 Common Stock 44.6K $1.12 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ollin Sykes is the co-trustee of the Sykes & Company PA 401(k) Profit Sharing Plan UA Jan 01, 1985. The aggregate shares of the Issuer's common stock reported as held by the plan include 546,000 shares held in Mr. Sykes's personal 401(k) account under the plan. Mr. Sykes disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.