Eric J. Finnsson - May 11, 2021 Form 4 Insider Report for Eastside Distilling, Inc. (EAST)

Role
Director
Signature
/s/ Eric J Finnsson
Stock symbol
EAST
Transactions as of
May 11, 2021
Transactions value $
$0
Form type
4
Date filed
5/13/2021, 09:28 PM
Next filing
Jun 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EAST Common Stock Options Exercise $0 +11.3K +26.56% $0.00 53.7K May 11, 2021 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 EAST Restricted Stock Units Award $0 +11.3K $0.00 11.3K May 11, 2021 Common Stock 11.3K Direct F2, F3, F4
transaction EAST Restricted Stock Units Options Exercise $0 -11.3K -100% $0.00* 0 May 11, 2021 Common Stock 11.3K Direct F2, F3, F4
holding EAST Restricted Stock Units $5K May 11, 2021 Common Stock $5K Direct F3, F5
holding EAST Stock Option (right to buy) 0 May 11, 2021 Common Stock 5K $1.23 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the settlement upon vesting of restricted stock units ("RSUs") that were awarded on May 11, 2021.
F2 Awarded pursuant to the Issuer's 2016 Equity Incentive Plan.
F3 Each RSU is the economic equivalent of one share of Eastside Distilling, Inc. common stock. The closing price of EAST on May 11, 2021, the award date, was $1.82.
F4 All 11,263 RSUs vested immediately upon grant.
F5 On July 30, 2020, the Reporting Person was awarded $20,000 of RSUs, which vest in four quarterly installments beginning on September 30, 2020 and continuing thereafter on the last day of each quarter through and including June 30, 2021, subject to continued service with the Issuer on each respective vesting date.