Deirdre Mahlan - Dec 24, 2024 Form 4 Insider Report for Duckhorn Portfolio, Inc. (NAPA)

Role
President and Chief Executive Officer, Director
Signature
/s/ Sean Sullivan as attorney-in-fact
Stock symbol
NAPA
Transactions as of
Dec 24, 2024
Transactions value $
-$6,924,513
Form type
4
Date filed
12/26/2024, 03:52 PM
Previous filing
Sep 30, 2024
Next filing
Jan 6, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAPA Common Stock Options Exercise $0 +177K $0.00 177K Dec 24, 2024 Direct
transaction NAPA Common Stock Disposed to Issuer -$6.81M -614K -100% $11.10 0 Dec 24, 2024 Direct F1
transaction NAPA Common Stock Disposed to Issuer -$111K -10K -100% $11.10 0 Dec 24, 2024 By Trust F1

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 NAPA Performance-Based Restricted Stock Units Options Exercise $0 -177K -100% $0.00 0 Dec 24, 2024 Common Stock 177K $0.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated October 6, 2024, by and among the Issuer, Marlee Buyer, Inc. ("Parent") and Marlee Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger") with the Issuer surviving the Merger as a wholly owned subsidiary of Parent, and at the time of the Merger each issued and outstanding share of the Issuer's Common Stock, par value $0.01 per share owned by the Reporting Person was cancelled and converted into the right to receive $11.10 per share in cash without interest.

Remarks:

President and Chief Executive Officer