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Filing Details

Accession Number:: 0001654954-21-001934
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-02-19 21:01:20
Reporting Period:: 2021-02-17

Accepted Time:: 2021-02-19 21:01:20
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1644903	Cbdmd Inc.	YCBD	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1427722	A. Martin Sumichrast	C/O 8845 Red Oak Blvd Charlotte NC 28217	Chairman & Co-Ceo	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2021-02-17	42,461	$4.54	353,139	No	4	S	Indirect	See footnote
Common Stock	Disposition	2021-02-18	113,104	$4.43	240,035	No	4	S	Indirect	See footnote
Common Stock	Disposition	2021-02-19	240,035	$4.42	0	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	2,149,001	Indirect	See footnote

Footnotes

The number of shares of common stock sold by the Reporting Person in the reported transactions were owned of record by SFTI, LLC. The Reporting Person in his position at SFTI, LLC has the right to direct the vote and disposition of securities owned by SFTI, LLC. The Reporting Person disclaims beneficial ownership of the securities held of record by SFTI, LLC except to the extent of his pecuniary interest therein.
Represents shares of common stock that are held of record by the Sumichrast 2017 Family Trust (the "Family Trust"). The Reporting Person has voting and dispositive control over securities owned of record by the Family Trust. The Reporting Person disclaims beneficial ownership of the securities held of record by this entity except to the extent of his pecuniary interest therein. 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 855,251 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.