4//SEC Filing
Sumichrast Martin A. 4
Accession 0001654954-21-001934
CIK 0001644903other
Filed
Feb 18, 7:00 PM ET
Accepted
Feb 19, 9:01 PM ET
Size
10.1 KB
Accession
0001654954-21-001934
Insider Transaction Report
Form 4
cbdMD, Inc.YCBD
Sumichrast Martin A.
DirectorChairman of the Board and CEO
Transactions
- Sale
Common Stock
2021-02-17$4.54/sh−42,461$192,764→ 353,139 total(indirect: See footnote) - Sale
Common Stock
2021-02-18$4.43/sh−113,104$500,768→ 240,035 total(indirect: See footnote) - Sale
Common Stock
2021-02-19$4.42/sh−240,035$1,059,971→ 0 total(indirect: See footnote)
Holdings
- 2,149,001(indirect: See footnote)
Common Stock
Footnotes (2)
- [F1]The number of shares of common stock sold by the Reporting Person in the reported transactions were owned of record by SFTI, LLC. The Reporting Person in his position at SFTI, LLC has the right to direct the vote and disposition of securities owned by SFTI, LLC. The Reporting Person disclaims beneficial ownership of the securities held of record by SFTI, LLC except to the extent of his pecuniary interest therein.
- [F2]Represents shares of common stock that are held of record by the Sumichrast 2017 Family Trust (the "Family Trust"). The Reporting Person has voting and dispositive control over securities owned of record by the Family Trust. The Reporting Person disclaims beneficial ownership of the securities held of record by this entity except to the extent of his pecuniary interest therein. The Reporting Person has the sole power to dispose of the shares of common stock held of record by the Family Trust. The Reporting Person has the sole right to vote 855,251 shares of common stock held by the Family Trust and the balance of 393,750 shares are subject to the terms of a Voting Trust Agreement dated February 26, 2020 between the Issuer and the Family Trust pursuant to which until such time as the unrestricted voting rights to these shares have vested, the voting rights to such shares are held by the independent chairman of the Audit Committee of the Issuer's board of directors who will vote such shares on any matter brought before the Issuer's shareholders in accordance with the recommendation of its board of directors. The voting rights to the 393,750 shares vest in equal portions on each of June 20, 2022 and December 20, 2023.
Documents
Issuer
cbdMD, Inc.
CIK 0001644903
Entity typeother
Related Parties
1- filerCIK 0001427722
Filing Metadata
- Form type
- 4
- Filed
- Feb 18, 7:00 PM ET
- Accepted
- Feb 19, 9:01 PM ET
- Size
- 10.1 KB