Seth Kaufman - 30 Oct 2023 Form 4 Insider Report for Vintage Wine Estates, Inc.

Role: President and CEO
Signature: /s/ Kristina L. Johnston, Attorney-in-Fact for Seth Kaufman
Issuer symbol: N/A
Transactions as of: 30 Oct 2023
Net transactions value: $0
Form type: 4
Filing time: 01 Nov 2023, 16:30:50 UTC
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	+1,000,000		$0.000000	1,000,000	30 Oct 2023	Direct	F1

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	Restricted Stock Units	Award	$0	+666,666		$0.000000	666,666	30 Oct 2023	Common Stock	666,666	$0.000000	Direct	F2
transaction	VWE	Restricted Stock Units	Award	$0	+666,667		$0.000000	666,667	30 Oct 2023	Common Stock	666,667	$0.000000	Direct	F3
transaction	VWE	Restricted Stock Units	Award	$0	+666,667		$0.000000	666,667	30 Oct 2023	Common Stock	666,667	$0.000000	Direct	F4
transaction	VWE	Stock Option (right to buy)	Award	$0	+1,000,000		$0.000000	1,000,000	30 Oct 2023	Common Stock	1,000,000	$1.50	Direct	F5
transaction	VWE	Stock Option (right to buy)	Award	$0	+1,000,000		$0.000000	1,000,000	30 Oct 2023	Common Stock	1,000,000	$3.00	Direct	F5
transaction	VWE	Stock Option (right to buy)	Award	$0	+1,000,000		$0.000000	1,000,000	30 Oct 2023	Common Stock	1,000,000	$4.50	Direct	F5
transaction	VWE	Stock Option (right to buy)	Award	$0	+1,000,000		$0.000000	1,000,000	30 Oct 2023	Common Stock	1,000,000	$6.00	Direct	F5

* 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 four equal annual installments on each of 10/30/2024, 10/30/2025, 10/30/2026 and 10/30/2027.
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 annual installments on each of 10/30/2024, 10/30/2025, 10/30/2026 and 10/30/2027 and if the volume-weighted average price per share ("VWAP") of the issuer's common stock over the 30 consecutive trading day period preceding the applicable vesting date is at least $2.00 per share. To the extent an installment does not vest on a vesting date, such installment shall remain outstanding until the 6th anniversary of the grant date and shall vest on the date that the VWAP per share of the issuer's common stock over a 30 consecutive trading day period is at least $2.00 per share.
F3	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 annual installments on each of 10/30/2024, 10/30/2025, 10/30/2026 and 10/30/2027 and if the VWAP of the issuer's common stock over the 30 consecutive trading day period preceding the applicable vesting date is at least $4.00 per share. To the extent an installment does not vest on a vesting date, such installment shall remain outstanding until the 6th anniversary of the grant date and shall vest on the date that the VWAP per share of the issuer's common stock over a 30 consecutive trading day period is at least $4.00 per share.
F4	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 annual installments on each of 10/30/2024, 10/30/2025, 10/30/2026 and 10/30/2027 and if the VWAP of the issuer's common stock over the 30 consecutive trading day period preceding the applicable vesting date is at least $6.00 per share. To the extent an installment does not vest on a vesting date, such installment shall remain outstanding until the 6th anniversary of the grant date and shall vest on the date that the VWAP per share of the issuer's common stock over a 30 consecutive trading day period is at least $6.00 per share.
F5	This stock option was granted under the Plan in a transaction exempt under Rule 16b-3 and, except as other provided in the award agreement, vests in four equal annual installments on each of 10/30/2024, 10/30/2025, 10/30/2026 and 10/30/2027.