Stephanie Kilkenny - May 11, 2021 Form 4 Insider Report for Eastside Distilling, Inc. (EAST)

Role: Director
Signature: /s/ Stephanie Kilkenny
Stock symbol: EAST
Transactions as of: May 11, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/13/2021, 09:40 PM
Previous filing: Sep 14, 2021
Next filing: Sep 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EAST	Common Stock	Options Exercise	$0	+8.52K	+11.17%	$0.00	84.7K	May 11, 2021	Direct	F1
holding	EAST	Common Stock						55.6K	May 11, 2021	See footnote	F6

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	+8.52K		$0.00	8.52K	May 11, 2021	Common Stock	8.52K		Direct	F2, F3, F4
transaction	EAST	Restricted Stock Units	Options Exercise	$0	-8.52K	-100%	$0.00^*	0	May 11, 2021	Common Stock	8.52K		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 8,516 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.
F6	These securities are held directly by Patrick J. Kilkenny, Trustee of the Patrick J. Kilkenny Revocable Trust. Mr. Kilkenny is the spouse of the Reporting Person. The inclusion of these securities in this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.