Damian Novak - Dec 19, 2022 Form 4 Insider Report for Fresh Vine Wine, Inc. (VINE)

Role: EXECUTIVE CHAIRMAN, Director, 10%+ Owner
Signature: /s/ Damian Novak
Stock symbol: VINE
Transactions as of: Dec 19, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/20/2022, 03:54 PM
Previous filing: Mar 3, 2022
Next filing: Feb 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VINE	Common Stock	Disposed to Issuer	$0	-368K	-14.99%	$0.00	2.09M	Dec 19, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported securities were forfeited and transferred back to the Issuer without consideration to enable the Issuer to issue shares to certain vendors without subjecting the Issuer's other stockholders to dilution therefrom.
F2	Includes shares previously held by Nechio & Novak, LLC ("Nechio & Novak") that were received by the reporting person on July 20, 2022 in a pro-rata distribution from Nechio & Novak to its members, and are now owned directly. In prior reports, the reporting person reported indirect beneficial ownership of all 5,317,653 shares of the Issuer's common stock held by Nechio & Novak, LLC, and disclaimed beneficial ownership over such shares except to the extent of his pecuniary interest in such shares.

Content

The reported securities were forfeited and transferred back to the Issuer without consideration to enable the Issuer to issue shares to certain vendors without subjecting the Issuer's other stockholders to dilution therefrom.

Includes shares previously held by Nechio & Novak, LLC ("Nechio & Novak") that were received by the reporting person on July 20, 2022 in a pro-rata distribution from Nechio & Novak to its members, and are now owned directly. In prior reports, the reporting person reported indirect beneficial ownership of all 5,317,653 shares of the Issuer's common stock held by Nechio & Novak, LLC, and disclaimed beneficial ownership over such shares except to the extent of his pecuniary interest in such shares.