Mallard Holdco, LLC - Dec 24, 2024 Form 4 Insider Report for Duckhorn Portfolio, Inc. (NAPA)

Role: 10%+ Owner
Signature: By: /s/ Drew Weilbacher, as authorized signatory
Stock symbol: NAPA
Transactions as of: Dec 24, 2024
Transactions value $: -$681,590,605
Form type: 4
Date filed: 12/27/2024, 03:37 PM
Previous filing: Apr 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NAPA	Common Stock	Other	-$682M	-61.4M	-100%	$11.10	0	Dec 24, 2024	Direct	F1

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

Mallard Holdco, LLC 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.

Content

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.