Jonathan Sebastiani - 19 May 2023 Form 4 Insider Report for Vintage Wine Estates, Inc.

Role
Director, Member of 10% owner group
Signature
/s/ Kristina L. Johnston, Attorney-in-Fact for Jonathan Sebastiani
Issuer symbol
N/A
Transactions as of
19 May 2023
Net transactions value
+$76,322
Form type
4
Filing time
23 May 2023, 17:10:55 UTC
Previous filing
01 Dec 2022
Next filing
30 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VWE Common Stock Purchase $51,394 +42,300 +241% $1.22 59,850 19 May 2023 Direct F1, F2, F3
transaction VWE Common Stock Purchase $24,927 +21,000 +35% $1.19 80,850 23 May 2023 Direct F3, F4
holding VWE Common Stock 1,134,946 19 May 2023 By Sonoma Brands entities F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.17 to $1.25, inclusive. Mr. Sebastiani undertakes to provide Vintage Wine Estates, Inc., any security holder of Vintage Wine Estates, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F2 Due to an administrative error, the Reporting Person's previous Form 4 erroneously stated that the Reporting Person was granted 10,478 shares of restricted stock. The Reporting Person was granted 10,478 restricted stock units ("RSUs"). The 10,478 RSUs vest on 11/30/2023.
F3 Includes 10,478 RSUs.
F4 The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.15 to $1.20, inclusive. Mr. Sebastiani undertakes to provide Vintage Wine Estates, Inc., any security holder of Vintage Wine Estates, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F5 Mr. Sebastiani has sole voting and dispositive power over the 684,881 shares owned by Sonoma Brands II, LP, the 410,715 shares owned by Sonoma Brands VWE Co-Invest, L.P. and the 39,350 shares owned by Sonoma Brands II Select, L.P. Mr. Sebastiani disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. Sonoma Brands Partners II, LLC is the managing member of Sonoma Brands II GP, LLC, which is the general partner of Sonoma Brands II, L.P., Sonoma Brands VWE Co-Invest, L.P. and Sonoma Brands II Select, L.P.