ROBERT L. BERNER III - 16 May 2023 Form 4 Insider Report for Vintage Wine Estates, Inc.

Role
Director
Signature
/s/ Patrick A. Roney, Attorney-in-Fact for Robert L. Berner III
Issuer symbol
N/A
Transactions as of
16 May 2023
Net transactions value
$0
Form type
4
Filing time
26 May 2023, 17:53:01 UTC
Previous filing
01 Dec 2022
Next filing
13 Jun 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 Other $0 +329,250 +168% $0.000000 525,576 16 May 2023 Direct F1, F2, F3

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 VWE Warrants to purchase common stock Other $0 +57,407 +200% $0.000000 86,109 16 May 2023 Common stock 57,407 $11.50 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction reported represents the receipt by the Reporting Person of an in-kind distribution, for no consideration, of shares of common stock of the Issuer from Bespoke Sponsor Capital LP.
F2 Includes 168,776 shares of common stock that were previously reported as being indirectly owned by the Reporting Person.
F3 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.
F4 The transaction reported represents the receipt by the Reporting Person of an in-kind distribution, for no consideration, of warrants to purchase common stock of the Issuer from Bespoke Sponsor Capital LP.
F5 Includes 28,702 warrants to purchase common stock of the Issuer that were previously reported as being indirectly held by the Reporting Person.

Remarks:

Effective March 31, 2023, the Reporting Person is no longer a managing member of Bespoke Capital Partners, LLC, the general partner of Bespoke Sponsor Capital LP (the "Sponsor"), and thus, the Reporting Person no longer may be deemed to have beneficial ownership over the securities owned by the Sponsor.