Clint J. Pete - Nov 7, 2022 Form 4 Insider Report for CHARLES & COLVARD LTD (CTHR)

Role
CFO
Signature
/s/ Clint J. Pete
Stock symbol
CTHR
Transactions as of
Nov 7, 2022
Transactions value $
$0
Form type
4
Date filed
11/9/2022, 04:32 PM
Previous filing
Sep 7, 2022
Next filing
Dec 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTHR Common Stock Award $0 +48.8K +24.4% $0.00 249K Nov 7, 2022 Direct F1
holding CTHR Common Stock 49.5K Nov 7, 2022 By IRA

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 Phantom Stock Award $0 +26.3K $0.00 26.3K Nov 7, 2022 Common Stock 26.3K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance-based restricted stock will vest, subject to achievement of performance goals, on July 31, 2023, pursuant to Charles & Colvard, Ltd.'s Fiscal 2023 Senior Management Equity Incentive Program (the "Plan").
F2 Performance-based phantom stock is settled in cash and will become payable, subject to the achievement of performance goals set forth in the Plan, on the later of (i) July 31, 2023 or (ii) such date as the Compensation Committee determines achievement of performance goals. Each share of phantom stock is the economic equivalent of one share of Common Stock. The shares of phantom stock do not confer any stock ownership rights and become payable solely in cash based on the closing price of Charles & Colvard, Ltd.'s Common Stock on the Vesting Date, determined under the terms of the Plan.