0001654954-22-000045.txt : 20220103 0001654954-22-000045.hdr.sgml : 20220103 20220103202337 ACCESSION NUMBER: 0001654954-22-000045 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220101 FILED AS OF DATE: 20220103 DATE AS OF CHANGE: 20220103 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sumichrast Martin A. CENTRAL INDEX KEY: 0001427722 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38299 FILM NUMBER: 22503720 MAIL ADDRESS: STREET 1: 11125 COLONIAL COUNTRY LANE CITY: CHARLOTTE STATE: NC ZIP: 28277 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: cbdMD, Inc. CENTRAL INDEX KEY: 0001644903 STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844] IRS NUMBER: 473414576 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 8845 RED OAK BOULEVARD CITY: CHARLOTTE STATE: NC ZIP: 28217 BUSINESS PHONE: 704-445-3060 MAIL ADDRESS: STREET 1: 8845 RED OAK BOULEVARD CITY: CHARLOTTE STATE: NC ZIP: 28217 FORMER COMPANY: FORMER CONFORMED NAME: Level Brands, Inc. DATE OF NAME CHANGE: 20170202 FORMER COMPANY: FORMER CONFORMED NAME: LEVEL BEAUTY GROUP, INC. DATE OF NAME CHANGE: 20150611 4 1 section16.xml FORM 4 X0306 4 2022-01-01 false 0001644903 cbdMD, Inc. YCBD 0001427722 Sumichrast Martin A. C/O 8845 RED OAK BLVD. CHARLOTTE NC 28217 true true Chairman & CO-CEO Common Stock 2022-01-01 4 M false 250000 A 250000 D Common Stock 1813272 I See Footnote Restricted Stock Units 2022-01-01 4 M false 250000 0 D Common Stock 250000 0 D Represents shares of common stock issued upon vesting of restricted stock units on January 1, 2022. Includes 250,000 shares of common stock that are held directly by the Reporting Person and 1,563,272 shares of common stock that are held of record by the Sumichrast 2017 Family Trust ("Family Trust"). The Reporting Person has the sole power to dispose of the shares of common stock held of record by the Family Trust. The Reporting Person has the sole right to vote 1,169,522 shares of common stock held by the Family Trust and the balance of 393,750 shares are subject to the terms of a Voting Trust Agreement dated February 26, 2020 between the Issuer and the Family Trust pursuant to which until such time as the unrestricted voting rights to these shares have vested, the voting rights to such shares are held by the independent chairman of the Audit Committee of the Issuer's board of directors who will vote such shares on any matter brought before the Issuer's shareholders in accordance with the recommendation of its board of directors. The voting rights to the 393,750 shares vest in equal portions on each of June 20, 2022 and December 20, 2023. The Reporting Person disclaims beneficial ownership of the securities held of record by the Family Trust except to the extent of his pecuniary interest therein. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units were granted on April 19, 2021 and vested on January 1, 2022. /s/ Martin A. Sumichrast 2022-01-03