Saxton Jessica 4
4 · Charlotte's Web Holdings, Inc. · Filed Feb 3, 2023
Insider Transaction Report
Form 4
Saxton Jessica
CFO and PAO
Transactions
- Award
Stock Option (right to buy)
2023-02-01+535,714→ 535,714 totalExercise: $0.56Exp: 2033-02-01→ Common Shares (535,714 underlying) - Award
Restricted Stock Unit
2023-02-01+178,571→ 178,571 total→ Common Shares (178,571 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 unit vests 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 unit was granted on 2/1/2023.
- [F3]The option agreement provides that the option becomes exercisable 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 option was granted on 2/1/2023.