Saxton Jessica 4
4 · Charlotte's Web Holdings, Inc. · Filed Feb 5, 2024
Insider Transaction Report
Form 4
Saxton Jessica
CFO and PAO
Transactions
- Tax Payment
Common Shares
2024-02-01$0.18/sh−167,213$30,918→ 323,858 total - Exercise/Conversion
Common Shares
2024-02-01+312,500→ 491,071 total - Exercise/Conversion
Restricted Stock Unit
2024-02-01−178,571→ 0 total→ Common Shares (178,571 underlying) - Exercise/Conversion
Common Shares
2024-02-01+178,571→ 178,571 total - Exercise/Conversion
Restricted Stock Unit
2024-02-01−312,500→ 0 total→ Common Shares (312,500 underlying)
Footnotes (3)
- [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 units vest over 2 years, with 50% of the award vesting on the first-year anniversary of the grant date and the remaining 50% of the award vesting on a quarterly basis over the second year. The restricted stock units were granted on 2/1/2023. The Company accelerated all of the Section 16 insiders' restricted stock units on 2/1/2024 other than the CEO's.
- [F3]The restricted stock unit agreement provides that the restricted stock units vest in 3 equal annual installments beginning on the first anniversary of the restricted stock unit's grant date. The restricted stock units were granted on 4/1/2023. The Company accelerated all of the Section 16 insiders' restricted stock units on 2/1/2024 other than the CEO's.