Mallard Holdco, LLC - Oct 19, 2021 Form 4 Insider Report for Duckhorn Portfolio, Inc. (NAPA)

Role: 10%+ Owner
Signature: By: /s/ Daniel Costello, as authorized signatory
Stock symbol: NAPA
Transactions as of: Oct 19, 2021
Transactions value $: -$225,672,314
Form type: 4
Date filed: 10/21/2021, 05:00 PM
Next filing: Nov 12, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NAPA	Common Stock	Sale	-$226M	-11.5M	-13.3%	$19.63	74.9M	Oct 19, 2021	Direct	F1
transaction	NAPA	Common Stock	Other	$0	-159K	-0.21%	$0.00	74.8M	Oct 19, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares of The Duckhorn Portfolio, Inc.'s Common Stock are owned directly by Mallard Holdco, LLC.
F2	On October 12, 2021, Mallard Holdco, LLC declared a distribution of 158,535 shares of common stock, to occur in connection with the sale of common stock by Mallard Holdco, LLC, to one or more indirect members of Mallard Holdco, LLC. The distribution was declared to facilitate bona fide gifts by such indirect members of Mallard Holdco, LLC of such shares of common stock to charitable organizations. The distribution occurred on October 19, 2021.

Content

These shares of The Duckhorn Portfolio, Inc.'s Common Stock are owned directly by Mallard Holdco, LLC.

On October 12, 2021, Mallard Holdco, LLC declared a distribution of 158,535 shares of common stock, to occur in connection with the sale of common stock by Mallard Holdco, LLC, to one or more indirect members of Mallard Holdco, LLC. The distribution was declared to facilitate bona fide gifts by such indirect members of Mallard Holdco, LLC of such shares of common stock to charitable organizations. The distribution occurred on October 19, 2021.