Justin B. Stiefel - Nov 12, 2024 Form 3 Insider Report for Heritage Distilling Holding Company, Inc. (CASK)

Role
CEO and Treasurer, Director
Signature
/s/ Justin B. Stiefel
Stock symbol
CASK
Transactions as of
Nov 12, 2024
Transactions value $
$0
Form type
3
Date filed
11/18/2024, 06:10 PM
Next filing
Nov 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CASK Common Stock 13.7K Nov 12, 2024 Direct F1
holding CASK Common Stock 37.8K Nov 12, 2024 By spouse 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 CASK Restricted Stock Units Nov 12, 2024 Common Stock 42K Direct F3, F4
holding CASK Restricted Stock Units Nov 12, 2024 Common Stock 42K By spouse F2, F3, F4
holding CASK Warrants to Purchase Shares of Common Stock Nov 12, 2024 Common Stock 27K Direct F5
holding CASK Warrants to Purchase Shares of Common Stock Nov 12, 2024 Common Stock 27K By spouse F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 1,737 shares beneficially owned through American Estate and Trust, LC FBO Justin Stiefel IRA account
F2 These securities are held by Jennifer D.H. Stiefel, the spouse of the reporting person. For purposes of Section 16 of the Exchange Act, the reporting person disclaims beneficial ownership of any such securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
F3 The restricted stock units ("RSUs") were granted on June 5, 2024. The holder of the RSUs has met the time and service-based requirement and the RSUs shall become fully vested upon the expiration of the lock-up agreement, executed by such holder, which is 180 days following the date of the underwriting agreement between Issuer and Newbridge Securities Corporation, acting as representative to several underwriters.
F4 Each RSU represents a contingent right to receive one share of Issuer's common stock.
F5 The warrants reported herein (the "Warrants") were granted to the holder by the Issuer on March 31, 2012, and are exercisable until March 31, 2027. Such Warrants are subject to the contribution agreement by and among the Issuer and the Warrant holders, pursuant to which, upon the Issuer's completion of an initial public offering on a national stock exchange (an "IPO"), the Issuer will grant shares of common stock to the Warrant holders in an amount equal to the number of shares of common stock that such Warrant holders would have received if they had exercised the Warrants prior to the consummation of the IPO.

Remarks:

Exhibit 24.1