British American Tobacco p.l.c.'s Form 4 filing
Charlotte's Web Holdings, Inc. (CWBHF) · filed May 29, 2026
- Accession no.
- 0001193125-26-248450
- Filed
- May 29, 2026, 4:30 PM ET
- Trade date
- May 28, 2026
- Filing delay
- 1 day
- Rule 10b5-1 plan
- Not checked
This filing lists 2 non-derivative transactions and 3 derivative transactions. It was filed 1 day after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| British American Tobacco p.l.c.CIK 0001303523 | 10% Owner |
| BT DE Investments Inc.CIK 0001848200 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 28, 2026 | Common Shares | CConversionAcquired | +95,281,277 | $0.68F2 | +$64,791,268.36 | 95,281,277 | Direct | Price outlier |
| May 28, 2026 | Common Shares | AGrant or awardAcquired | +14,662,765 | $0.68F6 | +$9,970,680.2 | 109,944,042 | Direct | Price outlier |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 28, 2026 | Common Shares | HLess common codeDisposed | −37,670,540 | –F9 | – | 0 | Direct | |
| May 28, 2026 | Common Shares | PPurchaseAcquired | +95,281,277 | –F9 | – | 95,281,277 | Direct | |
| May 28, 2026 | Common Shares | CConversionDisposed | −95,281,277 | $0.00F11 | – | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
Represents a conversion price of C$0.94 Canadian dollars, converted to U.S. dollars at the exchange rate of U.S.$1.00 to C$1.3783 reported by the Bank of Canada on May 22, 2026.
Referenced by the price of 1 transaction in Table I.
- F6
Represents a purchase price of C$0.94 Canadian dollars, converted to U.S. dollars at the exchange rate of U.S.$1.00 to C$1.3783 reported by the Bank of Canada on May 22, 2026.
Referenced by the price of 1 transaction in Table I.
- F9
The first two transactions reported in Table II above involved an amendment to the Debenture on May 28, 2026 to reduce the then-current conversion price per share from C$2.00 per share to C$0.94 per share. Consistent with existing SEC interpretive and no-action positions, the amendment is reported above as if such reduction consisted of the cancellation of the "old" Debenture and the acquisition of a "new" Debenture. BT DE did not actually dispose of the Debenture as part of the amendment.
Referenced by the price of 2 transactions in Table II.
- F11
On May 28, 2026, BT DE converted the entire C$75,341,080 initial principal amount of the Debenture and all accrued and unpaid interest thereunder into common shares.
Referenced by the price of 1 transaction in Table II.