Jacques Tortoroli - Sep 13, 2023 Form 4/A - Amendment 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
Stock symbol
CWBHF
Transactions as of
Sep 13, 2023
Transactions value $
$130,374
Form type
4/A - Amendment
Date filed
9/15/2023, 06:41 PM
Date Of Original Report
Sep 15, 2023
Previous filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWBHF Common Shares Options Exercise $151K +425K +81.67% $0.36 945K Sep 13, 2023 Direct F1
transaction CWBHF Common Shares Options Exercise $23.1K +65K +6.88% $0.36 1.01M Sep 13, 2023 Direct F1
transaction CWBHF Common Shares Options Exercise $9.03K +25.4K +2.52% $0.36 1.04M Sep 13, 2023 Direct F1
transaction CWBHF Common Shares Tax liability -$52.6K -148K -14.31% $0.36 888K Sep 13, 2023 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 -425K -100% $0.00* 0 Sep 13, 2023 Common Shares 425K Direct F1, F2
transaction CWBHF Restricted Stock Unit Options Exercise $0 -65K -100% $0.00* 0 Sep 13, 2023 Common Shares 65K Direct F1, F3
transaction CWBHF Restricted Stock Unit Options Exercise $0 -25.4K -100% $0.00* 0 Sep 13, 2023 Common Shares 25.4K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jacques Tortoroli is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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. Due to separation as a board member and officer, accelerated vesting approved on 9/13/2023.
F3 The restricted share award agreement provides that the restricted share award vests in 3 equal annual installments beginning on the first anniversary of the restricted share award's grant date. The restricted share award was granted on 2/11/2022. Due to separation as a board member and officer, accelerated vesting approved on 9/13/2023.
F4 The restricted stock unit agreement provides that the restricted stock unit vests in 3 equal annual installments beginning on the first anniversary of the restricted stock unit's grant date. The restricted stock unit was granted on 4/1/2023. Due to separation as a board member and officer, accelerated vesting approved on 9/13/2023.