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Filing Details

Accession Number:: 0001654954-21-002011
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-02-23 21:00:59
Reporting Period:: 2021-02-19

Accepted Time:: 2021-02-23 21:00:59
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1644903	Cbdmd Inc.	YCBD	Perfumes, Cosmetics & Other Toilet Preparations (2844)	473414576

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1761772	Scott Raymond Coffman	C/O 8845 Red Oak Blvd Charlotte NC 28217	Co-Ceo, President, Director	No	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2021-02-19	3,000	$4.28	122,000	No	4	S	Direct
Common Stock	Disposition	2021-02-22	122,000	$4.25	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	12,794,770	Indirect	See footnote

Footnotes

Includes (i) 3,684,000 shares held of record by Edge of Business, LLC ("Edge of Business"); and (ii) 9,110,770 shares held of record by the Coffman Family Office, LLC (the "Family Office"). The Reporting Person disclaims beneficial ownership of the securities held of record by each of these entities except to the extent of his pecuniary interest therein. The Reporting Person has the sole power to vote and dispose of all of the shares of common stock held of record by Edge of Business. Coffman Management, LLC ("Coffman Management") is the Manager of the Family Office and the Reporting Person is the Manager of Coffman Management. The Reporting Person has sole power to dispose of all shares of common stock held by the Family Office and sole right to vote 6,238,582 shares of common stock held by the Family Office. The balance of 2,872,188 shares of common stock held of record by the Family Office are subject to the terms of a Voting Trust Agreement dated February 26, 2020 between the Issuer and the Family Office 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 2,872,188 shares vest in equal portions on each of June 20, 2022 and December 20, 2023.