Robert Grammen - Feb 10, 2021 Form 4 Insider Report for Eastside Distilling, Inc. (EAST)

Role
Director
Signature
/s/ Robert P. Grammen
Stock symbol
EAST
Transactions as of
Feb 10, 2021
Transactions value $
$0
Form type
4
Date filed
9/14/2021, 02:55 PM
Next filing
May 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EAST Common Stock Award $0 +14.1K +24.32% $0.00 72K Feb 10, 2021 Direct F1
transaction EAST Common Stock Award $0 +7.99K +10.69% $0.00 82.7K Apr 19, 2021 Direct F2

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
holding EAST Restricted Stock Units $5K Feb 10, 2021 Common Stock $5K Direct F3, F4
holding EAST Stock Option (right to buy) $0 Feb 10, 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 On February 10, 2021, the Issuer issued 14,040 shares of common stock to the Reporting Person pursuant to that certain Asset Purchase Agreement dated September 12, 2019 by and between the Issuer and Intersect Beverage, LLC, a California limited liability company ("Intersect").
F2 On April 19, 2021, the Issuer issued 7,987 shares of common stock to the Reporting Person pursuant to that certain Asset Purchase Agreement dated September 12, 2019 by and between the Issuer and Intersect.
F3 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. Although the last installment of this RSU has vested, the Issuer has not yet issued the shares of common stock underlying this RSU.
F4 Awarded pursuant to the Issuer's 2016 Equity Incentive Plan (the "Plan"). Each RSU represents the right to receive shares of common stock upon settlement for no consideration.