Charlotte's Web (CWBHF) COO awarded 470K RSUs, exercises and withholds shares

Rhea-AI Filing Summary

Charlotte's Web Holdings, Inc. Chief Operating Officer Raymond J. Kunkel reported equity compensation transactions involving restricted stock units and common shares on April 1, 2026. He received a new grant of 470,291 restricted stock units, each representing a right to receive one common share.

On the same date, he exercised previously granted restricted stock units covering 34,318 and 54,598 units into the same number of common shares at a price of $0.00 per share. To cover tax obligations, 25,565 common shares were withheld at $0.782 per share. After these transactions, he directly held 782,273 common shares and 470,291 restricted stock units, which vest in three equal annual installments beginning on the first anniversary of their grant dates.

Insights

Equity compensation analyst

COO received a large RSU grant and exercised prior awards, with routine tax withholding.

Chief Operating Officer Raymond J. Kunkel reported mainly compensation-related equity activity. He received a grant of 470,291 restricted stock units (RSUs), which vest in three equal annual installments starting one year after each grant date. This structure encourages longer-term retention and aligns his incentives with common shareholders.

He also exercised RSUs covering 88,916 units into common shares at $0.00 per share and had 25,565 shares withheld at $0.782 per share for taxes. These F-code tax dispositions are not open-market sales and mainly reflect withholding mechanics. Following the transactions, he directly held 782,273 common shares, with no remaining derivative positions shown in this filing.

Insider Trade Summary

88,916 shares exercised/converted

Mixed 6 txns

Insider Kunkel Raymond J.

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	34,318	$0.00	--
Exercise	Restricted Stock Unit	54,598	$0.00	--
Grant/Award	Restricted Stock Unit	470,291	$0.00	--
Exercise	Common Shares	34,318	$0.00	--
Exercise	Common Shares	54,598	$0.00	--
Tax Withholding	Common Shares	25,565	$0.782	$20K

Holdings After Transaction: Restricted Stock Unit — 34,318 shares (Direct); Common Shares — 753,240 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one common share of Charlotte's Web Holdings, Inc. The restricted stock unit agreement provides that the restricted stock unit vests in 3 equal annual installments beginning on the first anniversary of the restricted stock unit's grant date. The restricted stock unit was granted on 4/1/2024. The restricted stock unit agreement provides that the restricted stock unit vests in 3 equal annual installments beginning on the first anniversary of the restricted stock unit's grant date. The restricted stock unit was granted on 4/1/2025. The restricted stock unit agreement provides that the restricted stock unit vests in 3 equal annual installments beginning on the first anniversary of the restricted stock unit's grant date. The restricted stock unit was granted on 4/1/2026.

Key Figures

New RSU grant: 470,291 units RSUs exercised: 34,318 units Additional RSUs exercised: 54,598 units +3 more

6 metrics

New RSU grant 470,291 units Restricted stock units granted April 1, 2026

RSUs exercised 34,318 units RSUs converted into common shares at $0.00 per share

Additional RSUs exercised 54,598 units RSUs converted into common shares at $0.00 per share

Tax-withheld shares 25,565 shares Common shares withheld at $0.782 per share for taxes

Common shares after transactions 782,273 shares Direct holdings following April 1, 2026 transactions

RSU vesting schedule 3 equal annual installments Beginning on first anniversary of each grant date

Key Terms

Restricted Stock Unit, tax-withholding disposition, grant, award, or other acquisition, exercise or conversion of derivative security

4 terms

Restricted Stock Unit financial

"Each restricted stock unit represents a contingent right to receive one common share"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

grant, award, or other acquisition financial

"Grant, award, or other acquisition"

exercise or conversion of derivative security financial

"Exercise or conversion of derivative security"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kunkel Raymond J.

(Last) (First) (Middle)

C/O CHARLOTTE'S WEB HOLDINGS, INC.

700 TECH COURT

(Street)

LOUISVILLE COLORADO 80027

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Charlotte's Web Holdings, Inc. [ CWBHF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	04/01/2026		M		34,318	A	$0(1)	753,240	D
Common Shares	04/01/2026		M		54,598	A	$0(1)	807,838	D
Common Shares	04/01/2026		F		25,565	D	$0.782	782,273	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	04/01/2026		M			34,318	(2)	(2)	Common Shares	34,318	$0	34,318	D
Restricted Stock Unit	(1)	04/01/2026		M			54,598	(3)	(3)	Common Shares	54,598	$0	109,197	D
Restricted Stock Unit	(1)	04/01/2026		A		470,291		(4)	(4)	Common Shares	470,291	$0	470,291	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one common share of Charlotte's Web Holdings, Inc.

2. The restricted stock unit agreement provides that the restricted stock unit vests in 3 equal annual installments beginning on the first anniversary of the restricted stock unit's grant date. The restricted stock unit was granted on 4/1/2024.

3. The restricted stock unit agreement provides that the restricted stock unit vests in 3 equal annual installments beginning on the first anniversary of the restricted stock unit's grant date. The restricted stock unit was granted on 4/1/2025.

4. The restricted stock unit agreement provides that the restricted stock unit vests in 3 equal annual installments beginning on the first anniversary of the restricted stock unit's grant date. The restricted stock unit was granted on 4/1/2026.

Remarks:

	/s/ Nathan Gerhardt, Attorney in Fact for Raymond J Kunkel	04/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What equity awards did Charlotte's Web (CWBHF) COO Raymond Kunkel receive?

Raymond Kunkel received a grant of 470,291 restricted stock units. Each RSU represents a contingent right to receive one common share, vesting in three equal annual installments beginning on the first anniversary of its April 1 grant dates.

How many Charlotte's Web (CWBHF) restricted stock units did the COO exercise?

He exercised restricted stock units covering 34,318 and 54,598 units into the same number of common shares. These exercises occurred at a price of $0.00 per share, converting prior RSU awards into common equity.

Why were 25,565 Charlotte's Web (CWBHF) shares disposed of in this Form 4?

The 25,565 common shares were withheld under transaction code F to satisfy tax obligations. They were valued at $0.782 per share and represent tax-withholding disposition, not an open-market sale by the COO.

How many Charlotte's Web (CWBHF) common shares does the COO hold after these transactions?

Following the reported transactions, Raymond Kunkel directly held 782,273 common shares. This figure reflects the RSU exercises into common stock and the tax-withholding share disposition reported on April 1, 2026.

How do Charlotte's Web (CWBHF) RSUs granted to the COO vest over time?

Each restricted stock unit agreement provides that RSUs vest in three equal annual installments, starting on the first anniversary of the grant date. The filing notes grants made on April 1, 2024, 2025, and 2026 following this schedule.