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