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Charlotte's Web CEO acquires 375K shares via awards

The restricted stock units were granted October 12, 2023, and vest in equal quarterly installments beginning December 31, 2023.

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Form Type
4

Rhea-AI Filing Summary

William J. Morachnick, chief executive officer of Charlotte's Web Holdings, Inc. (CWBHF), converted 375,000 restricted stock units into 375,000 common shares on September 30, 2026. On that date, 91,313 common shares were delivered or withheld for payment of exercise price or tax liability, at $0.2705 per share. The reported restricted stock unit position following the transaction was 0. No Rule 10b5-1 plan is reported.

Insider Morachnick William J.
Role Chief Executive Officer
Type Security Shares Price Value
Exercise Restricted Stock Unit F1, F2 375,000 $0.00 $0.00
Exercise Common Shares F1 375,000 $0.00 $0.00
Exercise Price or Tax Liability Common Shares 91,313 $0.2705 $25K
Holdings After Transaction: Restricted Stock Unit — 0 contracts (Direct); Common Shares — 3,801,299 shares (Direct)
Footnotes (2)
  1. F1. Each restricted stock unit represents a contingent right to receive one common share of Charlotte's Web Holdings, Inc.
  2. F2. The restricted stock unit agreement provides that the restricted stock unit vests in equal quarterly installments beginning on 12/31/2023. The restricted stock unit was granted on 10/12/2023.
Restricted stock units converted 375,000 restricted stock units Converted on September 30, 2026.
Common shares acquired 375,000 common shares Acquired through the conversion on September 30, 2026.
Shares delivered or withheld 91,313 common shares For payment of exercise price or tax liability on September 30, 2026.
Reported per-share price $0.2705 per share For the shares delivered or withheld on September 30, 2026.
Restricted stock units following transaction 0 restricted stock units Reported following the September 30, 2026 transaction.
restricted stock unit financial
"Each restricted stock unit represents a contingent right"
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.
contingent right financial
"represents a contingent right to receive one common share"
quarterly installments financial
"vests in equal quarterly installments"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did CWBHF CEO William J. Morachnick report on September 30, 2026?

William J. Morachnick reported converting 375,000 restricted stock units into 375,000 common shares. On the same date, 91,313 common shares were delivered or withheld for payment of exercise price or tax liability at $0.2705 per share. No Rule 10b5-1 plan is reported.

How did William J. Morachnick's CWBHF restricted stock units vest?

The restricted stock units were granted on October 12, 2023, and vest in equal quarterly installments beginning December 31, 2023.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
Morachnick William J.

(Last)(First)(Middle)
C/O CHARLOTTE'S WEB 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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Shares09/30/2026M375,000A$0(1)3,892,612D
Common Shares09/30/2026F91,313D$0.27053,801,299D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)09/30/2026M375,000 (2) (2)Common Shares375,000$00D
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 equal quarterly installments beginning on 12/31/2023. The restricted stock unit was granted on 10/12/2023.
Remarks:
/s/ William Morachnick10/02/2026
** Signature of Reporting PersonDate
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)

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