PETE CLINT J. 4
4 · CHARLES & COLVARD LTD · Filed Oct 17, 2023
Insider Transaction Report
Form 4
Transactions
- Disposition to Issuer
Common Stock
2023-10-13−48,750→ 199,828 total
Holdings
- 59,500(indirect: By IRA)
Common Stock
Footnotes (1)
- [F1]Represents cancellation of 48,750 shares of performance-based restricted stock originally granted on November 7, 2022 pursuant to Charles & Colvard, Ltd.'s Fiscal 2023 Senior Management Equity Incentive Program (the "Plan"). These shares were cancelled because the performance goals associated with the grant were not achieved at the target level. An additional 26,250 shares of performance-based phantom stock were forfeited pursuant to the Plan because the performance goals associated with the grant were not achieved at the target level.