Zach Long - Jul 20, 2023 Form 4 Insider Report for Vintage Wine Estates, Inc. (VWE)

Role
Chief Operations Officer
Signature
/s/ Kristina L. Johnston, Attorney-in-Fact for Zach Long
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
Feb 9, 2023
Next filing
Dec 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VWE Common Stock Award $0 +500K +145.39% $0.00 844K Jul 20, 2023 Direct F1, F2

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
holding VWE Stock Option (Right to Buy) 8K Jul 20, 2023 Common Stock 8K $10.50 Direct F3
holding VWE Stock Option (Right to Buy) 42K Jul 20, 2023 Common Stock 42K $10.50 Direct F4
holding VWE Stock Option (Right to Buy) 50K Jul 20, 2023 Common Stock 50K $10.50 Direct F5
holding VWE Stock Option (Right to Buy) 609K Jul 20, 2023 Common Stock 609K $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 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 Includes 823,098 RSUs consisting of the following: (i) 93,750 RSUs that vest one-third on each of 12/07/2023, 12/07/2024 and 12/07/2025; (ii) 229,348 RSUs that vest in four equal installments on each of 11/14/2023, 11/14/2024, 11/14/2025 and 11/14/2026; and (iii) 500,000 RSUs that vest in two equal installments on each of 7/20/2024 and 7/20/2025.
F3 25% of the stock options vested on each of 12/07/2022 and 6/7/2023, and 25% vest on each of 06/07/2024 and 06/07/2025.
F4 25% of the stock options vested on 01/27/2023, and 25% vest on each of 07/27/2023, 07/27/2024 and 07/27/2025.
F5 25% of the stock options vest on 09/07/2023, and 25% vest on each of 03/07/2024, 03/07/2025 and 03/07/2026.
F6 This option vests in four equal installments on each of 11/14/2023, 11/14/2024, 11/14/2025 and 11/14/2026.