Usifer Maureen K 4

What Happened
Maureen K. Usifer, a director of Charlotte's Web Holdings, Inc. (CWBHF), had 75,000 restricted stock units (RSUs) convert into 75,000 common shares on July 1, 2026. The Form 4 reports the conversion/exercise of a derivative (transaction code M) at $0.00 per share — i.e., no cash purchase or sale occurred; the derivative units were converted into common stock.

Key Details

• Transaction date: July 1, 2026 (reported on Form 4 filed July 6, 2026).
• Reported transactions: 75,000 shares acquired via conversion/exercise (M) at $0.00; corresponding 75,000 derivative units disposed (converted) at $0.00.
• Reported dollar value per filing: $0.00 (the RSUs converted into shares; no cash changed hands in this conversion).
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes from the filing: F1 — Each restricted stock unit represents a contingent right to one common share. F2 — The RSUs vested in one installment on July 1, 2026.
• Timeliness: The Form 4 was filed five days after the transaction (filed July 6 for a July 1 event), which is outside the standard two-business-day filing window for Form 4s.

Context
This was a vesting/conversion of equity-award units (RSUs) into common shares rather than an open-market purchase or sale. Such conversions are routine compensation events for insiders and do not by themselves signal a buy or sell decision in the market. The derivative disposal line reflects the cancellation/conversion of the RSU instrument into underlying shares.