Navarro Elizabeth Ann Levy - Sep 15, 2021 Form 4 Insider Report for Eastside Distilling, Inc. (EAST)

Role
Director
Signature
/s/ Elizabeth A. Levy-Navarro
Stock symbol
EAST
Transactions as of
Sep 15, 2021
Transactions value $
-$4,150
Form type
4
Date filed
9/17/2021, 09:45 PM
Previous filing
Sep 14, 2021
Next filing
Nov 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EAST Common Stock Options Exercise $0 +6.83K $0.00 6.83K Sep 15, 2021 Direct F1, F3
transaction EAST Common Stock Options Exercise $0 +1.47K +21.56% $0.00 8.3K Sep 15, 2021 Direct F2, F3

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 +6.83K $0.00 6.83K Sep 15, 2021 Common Stock 6.83K $2.83 Direct F3, F4, F5
transaction EAST Restricted Stock Units Options Exercise $0 -6.83K -100% $0.00* 0 Sep 15, 2021 Common Stock 6.83K $2.83 Direct F3, F4, F5
transaction EAST Restricted Stock Units Options Exercise -$4.15K $12.2K Sep 15, 2021 Common Stock 1.47K $2.82 Direct F3, F4, F6, F7
holding EAST Stock Option (right to buy) 5K Sep 15, 2021 Common Stock 5K $1.90 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 September 15, 2021.
F2 Represents the settlement upon vesting of $4,150 RSUs on June 30, 2021 that were awarded on March 22, 2021. The shares issued upon settlement were issued on September 15, 2021.
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 All 6,827 RSUs vested immediately upon grant.
F6 The closing price of EAST on June 30, 2021 was $2.82.
F7 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.