Navarro Elizabeth Ann Levy - Mar 22, 2021 Form 4 Insider Report for Eastside Distilling, Inc. (EAST)

Role
Director
Signature
/s/ Elizabeth A. Levy-Navarro
Stock symbol
EAST
Transactions as of
Mar 22, 2021
Transactions value $
-$2,763
Form type
4
Date filed
9/14/2021, 10:41 AM
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 +8.72K $0.00 8.72K May 11, 2021 Direct F1
transaction EAST Common Stock Sale -$19.4K -8.72K -100% $2.22 0 May 27, 2021 Direct

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 Stock Option (right to buy) Award $0 +5K $0.00 5K Mar 22, 2021 Common Stock 5K $1.90 Direct F2, F3
transaction EAST Restricted Stock Units Award $16.6K $16.6K Mar 22, 2021 Common Stock $16.6K Direct F3, F4, F5
transaction EAST Restricted Stock Units Award $0 +8.72K $0.00 8.72K May 11, 2021 Common Stock 8.72K Direct F3, F4, F6
transaction EAST Restricted Stock Units Options Exercise $0 -8.72K -100% $0.00* 0 May 11, 2021 Common Stock 8.72K Direct F3, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Repesents the settlement upon vesting of restricted stock units ("RSUs") that were awarded on March 22, 2021.
F2 The options are immediately exercisable.
F3 Granted under the Issuer's 2016 Equity Incentive Plan.
F4 Each RSU represents the right to receive shares of common stock upon settlement for no consideration.
F5 On March 22, 2021, the Issuer's Board of Directors awarded the reporting person $16,600 in value of RSUs, 1/4 of which will be earned and vested on each of June 30, 2021, September 30, 2021, December 31, 2021, and March 31, 2022, if the reporting person remains employed on the applicable quarterly vesting date. Although the last installment of this RSU has vested, the Issuer has not yet issued the shares of common stock underlying this RSU.
F6 All 8,722 RSUs vested immediately upon grant.