Charlotte’s Web Holdings, Inc. announced board changes. Effective November 1, 2025, the company appointed Borgia Walker to its board of directors, following the resignation of Jonathan Atwood effective October 1, 2025. Ms. Walker’s term will run through the 2026 annual general meeting of shareholders.
She was appointed as a British American Tobacco designee under the Investor Rights Agreement dated November 14, 2022. The company disclosed that Ms. Walker is not party to any transaction requiring disclosure under Item 404(a) of Regulation S-K. A press release announced the appointment on October 21, 2025.
William J. Morachnick, CEO and director of Charlotte's Web Holdings, Inc. (CWBHF), reported changes in his beneficial ownership on Form 4 filed for transactions dated 09/30/2025. He was credited with 375,000 restricted stock units (RSUs) that convert one-for-one into common shares and were granted on 10/12/2023 with quarterly vesting beginning 12/31/2023. Following that grant recognition, he beneficially owned 2,554,828 common shares. The filing also reports a sale of 91,313 common shares at $0.17 per share, leaving beneficial ownership at 2,463,515 shares after the sale. The RSUs are recorded with $0 exercise price as contingent rights to receive shares.
Charlotte's Web Holdings, Inc. disclosed that director Jonathan Atwood has notified the company of his intention to resign from the Board and any committee memberships, effective October 1, 2025. The company stated that Mr. Atwood's decision is not related to any disagreement with management, the board, or the company's accounting or financial reporting. This notice signals a forthcoming change in board composition but does not identify any dispute or financial issue tied to the departure.