4//SEC Filing
Ghiloni Peter J. 4
Accession 0001654954-22-005145
CIK 0001644903other
Filed
Apr 18, 8:00 PM ET
Accepted
Apr 19, 4:39 PM ET
Size
8.0 KB
Accession
0001654954-22-005145
Insider Transaction Report
Form 4
cbdMD, Inc.YCBD
Ghiloni Peter J.
Director
Transactions
- Award
Common Stock
2022-03-11+5,000→ 310,000 total - Award
Stock Options (Right to Buy)
2022-03-11+30,000→ 30,000 totalExercise: $0.82From: 2022-03-11Exp: 2027-03-11→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The grant was exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder as it was approved in advance by the Issuer's Compensation, Corporate Governance and Nominating Committee, which is comprised of four non-employee directors. The restricted stock units vest quarterly in equal increments on June 30, 2022, September 30, 2022, December 31, 2022 and March 31, 2023, subject to continued service as a director of the Issuer on each applicable vesting date. Shares of common stock will be delivered to the Reporting Person upon the vesting of the restricted stock units. The restricted stock units were issued under the 2021 Equity Compensation Plan as compensation to the Reporting Person for his services on the Issuer's Board of Directors for the Board term beginning March 11, 2022.
- [F2]The stock options were granted under the 2021 Equity Compensation Plan as compensation to the Reporting Person for his services on the Issuer's Board of Directors for the Board term beginning March 11, 2022. The grant was exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder as it was approved in advance by the Issuer's Compensation, Corporate Governance and Nominating Committee, which is comprised of four non-employee directors. The stock options are fully vested.
- [F3]Not applicable.
Documents
Issuer
cbdMD, Inc.
CIK 0001644903
Entity typeother
Related Parties
1- filerCIK 0001773696
Filing Metadata
- Form type
- 4
- Filed
- Apr 18, 8:00 PM ET
- Accepted
- Apr 19, 4:39 PM ET
- Size
- 8.0 KB