4//SEC Filing
Coffman Raymond Scott 4
Accession 0001654954-21-002011
CIK 0001644903other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 9:00 PM ET
Size
8.1 KB
Accession
0001654954-21-002011
Insider Transaction Report
Form 4
cbdMD, Inc.YCBD
Coffman Raymond Scott
Director
Transactions
- Sale
Common stock
2021-02-19$4.28/sh−3,000$12,846→ 122,000 total - Sale
Common stock
2021-02-22$4.25/sh−122,000$518,805→ 0 total
Holdings
- 12,794,770(indirect: See footnote)
Common stock
Footnotes (1)
- [F1]Includes (i) 3,684,000 shares held of record by Edge of Business, LLC ("Edge of Business"); and (ii) 9,110,770 shares held of record by the Coffman Family Office, LLC (the "Family Office"). The Reporting Person disclaims beneficial ownership of the securities held of record by each of these entities except to the extent of his pecuniary interest therein. The Reporting Person has the sole power to vote and dispose of all of the shares of common stock held of record by Edge of Business. Coffman Management, LLC ("Coffman Management") is the Manager of the Family Office and the Reporting Person is the Manager of Coffman Management. The Reporting Person has sole power to dispose of all shares of common stock held by the Family Office and sole right to vote 6,238,582 shares of common stock held by the Family Office. The balance of 2,872,188 shares of common stock held of record by the Family Office are subject to the terms of a Voting Trust Agreement dated February 26, 2020 between the Issuer and the Family Office 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 2,872,188 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 0001761772
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 9:00 PM ET
- Size
- 8.1 KB