Jonathan Sebastiani - May 26, 2023 Form 4 Insider Report for Vintage Wine Estates, Inc. (VWE)

Role: Director, Member of 10% owner group
Signature: /s/ Kristina L. Johnston, Attorney-in-Fact for Jonathan Sebastiani
Stock symbol: VWE
Transactions as of: May 26, 2023
Transactions value $: $20,612
Form type: 4
Date filed: 5/30/2023, 04:27 PM
Previous filing: May 23, 2023
Next filing: Jun 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VWE	Common Stock	Purchase	$20.6K	+17.8K	+22.02%	$1.16	98.7K	May 26, 2023	Direct	F1, F2
holding	VWE	Common Stock						1.13M	May 26, 2023	By Sonoma Brands entities	F3

* 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 $1.12 to $1.18, 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	Includes 10,478 RSUs that vest on 11/30/2023.
F3	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.