Geoffrey McFarlane - Jan 27, 2022 Form 4 Insider Report for Winc, Inc. (WBEVQ)

Role
Chief Executive Officer, Director
Signature
/s/ Matthew Thelen, as attorney-in-fact for Geoffrey McFarlane
Stock symbol
WBEVQ
Transactions as of
Jan 27, 2022
Transactions value $
$0
Form type
4
Date filed
1/31/2022, 05:14 PM
Previous filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBEVQ Common Stock Award $0 +40.5K +4.35% $0.00 972K Jan 27, 2022 Direct F1
holding WBEVQ Common Stock 158K Jan 27, 2022 See footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock units (RSUs), which will vest with respect to 25% of the RSUs on January 1, 2023, and the remaining 75% of the RSUs will vest in 16 quarterly installments thereafter, subject to the reporting person's continued service through the applicable vesting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting.
F2 Reflects a deduction of 4,771 shares that were inadvertently overreported on the Reporting Person's Form 4 filed on November 15, 2021 due to clerical error. The Form 3, filed on October 26, 2021, reported the correct balance of 158,208 shares of Common Stock, which remains unchanged.
F3 Represents securities held of record by the McFarlane Family Trust. The Reporting Person may be deemed to beneficially own shares held by the McFarlane Family Trust by virtue of his shared control over the McFarlane Family Trust.