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

Role
Chief Financial Officer
Signature
/s/ Kristina L. Johnston
Stock symbol
VWE
Transactions as of
Jul 20, 2023
Transactions value $
$0
Form type
4
Date filed
7/21/2023, 04:31 PM
Previous filing
Mar 16, 2022
Next filing
Sep 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VWE Common Stock Award $0 +250K +75.98% $0.00 579K Jul 20, 2023 Direct F1
transaction VWE Common Stock Award $0 +500K +86.35% $0.00 1.08M Jul 20, 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 +62.5K $0.00 62.5K Jul 20, 2023 Common Stock 62.5K $1.50 Direct F4
transaction VWE Stock Option (right to buy) Award $0 +188K $0.00 188K Jul 20, 2023 Common Stock 188K $1.50 Direct F5
holding VWE Stock Option (right to buy) 658K Jul 20, 2023 Common Stock 658K $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.