Hitesh Dheri - May 25, 2023 Form 4 Insider Report for Fresh Vine Wine, Inc. (VINE)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Hitesh Dheri
Stock symbol: VINE
Transactions as of: May 25, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/31/2023, 05:50 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VINE	Common Stock	Award	$0	+196K		$0.00	196K	May 25, 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	VINE	Stock Options	Award	$0	+500K		$0.00	500K	May 25, 2023	Common Stock	500K	$1.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents a restricted stock grant with transfer and forfeiture restrictions on the shares that lapse as follows: 49,116 on August 25, 2023, 49,116 on November 25, 2023, 49,116 on February 25, 2024 and 49,115 on May 25, 2024.
F2	Represents an option grant with options vesting as follows: 125,000 options on May 25, 2024, and, thereafter, in 36 monthly installments as nearly equal in amount as possible (approximately 10,416 options) commencing on the 13th month anniversary of the grant date reported on this Form 4 and continuing on each one month anniversary thereafter.