Kristina L. Johnston - 20 Jul 2023 Form 4 Insider Report for Vintage Wine Estates, Inc.

Role
Chief Financial Officer
Signature
/s/ Kristina L. Johnston
Issuer symbol
N/A
Transactions as of
20 Jul 2023
Net transactions value
$0
Form type
4
Filing time
21 Jul 2023, 16:31:02 UTC
Previous filing
16 Mar 2022
Next filing
11 Sep 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 Award $0 +250,000 +76% $0.000000 579,038 20 Jul 2023 Direct F1
transaction VWE Common Stock Award $0 +500,000 +86% $0.000000 1,079,038 20 Jul 2023 Direct 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 Stock Option (right to buy) Award $0 +62,500 $0.000000 62,500 20 Jul 2023 Common Stock 62,500 $1.50 Direct F4
transaction VWE Stock Option (right to buy) Award $0 +187,500 $0.000000 187,500 20 Jul 2023 Common Stock 187,500 $1.50 Direct F5
holding VWE Stock Option (right to buy) 658,076 20 Jul 2023 Common Stock 658,076 $10.50 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units ("RSUs"), which convert into common stock on a one-for-one basis, were granted under the Vintage Wine Estates, Inc. 2021 Omnibus Incentive Plan (the "Plan") in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award agreement, vest in two equal installments on each of 7/20/2024 and 7/20/2025.
F2 These RSUs, which convert into common stock on a one-for-one basis, were granted under the Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award agreement, vest in four equal installments on each of 7/20/2024, 7/20/2025, 7/20/2026 and 7/27/2027.
F3 Includes 1,079,038 RSUs consisting of the following: (i) 329,038 RSUs that vest 25% on each of 9/7/2023, 03/07/2024, 03/07/2025 and 03/07/2026; (ii) 250,000 RSUs that vest in two equal installments on each of 7/20/2024 and 7/20/2025.; and (iii) 500,000 RSUs that vest in four equal installments on each of 7/20/2024, 7/20/2025, 7/20/2026 and 7/27/2027.
F4 This stock option was granted under the Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award agreement, vests in two equal installments on each of 7/20/2024 and 7/20/2025.
F5 This stock option was granted under the Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award agreement, vests in four equal installments on each of 7/20/2024, 7/20/2025, 7/20/2026 and 7/27/2027.
F6 25% of the stock options vest on each of 09/07/2023, 03/07/2024, 03/07/2025 and 03/07/2026.