Michael Bigger - Sep 5, 2024 Form 4 Insider Report for Eastside Distilling, Inc. (EAST)

Role
10%+ Owner
Signature
/s/ Michael Bigger
Stock symbol
EAST
Transactions as of
Sep 5, 2024
Transactions value $
$108,647
Form type
4
Date filed
10/10/2024, 08:30 PM
Previous filing
Oct 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EAST Common Stock Sale -$718K -297K -100% $2.42 0 Sep 5, 2024 The B.A.D. Company, LLC F1, F2, F3
transaction EAST Common Stock Conversion of derivative security $2.31M +757K $3.05 757K Sep 5, 2024 The B.A.D. Company, LLC F2, F3
transaction EAST Common Stock Sale -$354K -157K -20.78% $2.25 600K Sep 5, 2024 The B.A.D. Company, LLC F2, F3, F4
transaction EAST Common Stock Sale -$341K -150K -25% $2.28 450K Sep 5, 2024 The B.A.D. Company, LLC F2, F3, F5
transaction EAST Common Stock Sale -$300K -150K -33.33% $2.00 300K Sep 5, 2024 The B.A.D. Company, LLC F2, F3, F6
transaction EAST Common Stock Sale -$272K -150K -50% $1.81 150K Sep 5, 2024 The B.A.D. Company, LLC F2, F3, F7
transaction EAST Common Stock Sale -$217K -150K -100% $1.45 0 Sep 5, 2024 The B.A.D. Company, LLC F2, F3, F8
holding EAST Common Stock 4.81K Sep 5, 2024 Bigger Capital Fund, LP F2, F9
holding EAST Common Stock 4.81K Sep 5, 2024 District 2 Capital Fund LP F2, F10

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EAST Series C Preferred Stock Conversion of derivative security $0 -82.4K -41.21% $0.00 118K Sep 5, 2024 Common Stock 757K $3.05 The B.A.D. Company, LLC F2, F3, F11
holding EAST Amended and Restated Secured Convertible Promissory Note 65.5K Sep 5, 2024 Common Stock 65.5K $3.05 Bigger Capital Fund, LP F2, F9
holding EAST Amended and Restated Secured Convertible Promissory Note 65.5K Sep 5, 2024 Common Stock 65.5K $3.05 District 2 Capital Fund LP F2, F10
holding EAST Amended and Restated Warrant 22.5K Sep 5, 2024 Common Stock 22.5K $33.08 Bigger Capital Fund, LP F2, F9
holding EAST Amended and Restated Warrant 22.5K Sep 5, 2024 Common Stock 22.5K $33.08 District 2 Capital Fund LP F2, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael Bigger is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.38 to $2.505.
F2 The Reporting Persons listed on this Form 4 may be deemed members of a group holding equity securities of the Issuer. This filing shall not be deemed to be an affirmation that such a group exists for purposes of the Securities Exchange Act of 1934, as amended, or for any other purpose or that any such Reporting Person is a beneficial owner of securities of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
F3 These securities are directly held by The B.A.D. Company, LLC ("B.A.D"). The members of B.A.D. are Bigger Capital Fund, LP ("Bigger Capital"), District 2 Capital Fund LP ("District 2 CF") and other entities. The Manager of B.A.D. is Bigger Capital, LLC, which has voting and dispositive power over the securities directly held by B.A.D. Michael Bigger, as the managing member of Bigger Capital, LLC, may be deemed to beneficially own the securities owned by B.A.D.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.12 to $2.34.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.17 to $2.35.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.84 to $2.19.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.41 to $1.93.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.38 to $1.48.
F9 These securities are directly held by Bigger Capital. Bigger Capital Fund GP, LLC ("Bigger GP"), as the general partner of Bigger Capital, may be deemed to beneficially own the securities directly held by Bigger Capital. Michael Bigger, as the managing member of Bigger GP, may be deemed to beneficially own the securities held directly by Bigger Capital.
F10 These securities are directly held by District 2 CF. District 2 Capital LP ("District 2"), as the investment manager of District 2 CF, may be deemed to beneficially own the securities directly held by District 2 CF. District 2 GP LLC ("District 2 GP"), as the general partner of District 2 CF, may be deemed to beneficially own the securities direclty held by District 2 CF. District 2 Holdings LLC ("District 2 Holdings"), as the managing member of District 2 GP, may be deemed to beneficially own the securities held by District 2 CF. Michael Bigger, as the managing member of District 2 Holdings, may be deemed to beneficially own the securities owned by District 2 CF.
F11 The Series C Preferred Stock is convertible at any time, at the holder's election, and has no expiration date.