Amy Lee Brassard - Dec 1, 2021 Form 4 Insider Report for Eastside Distilling, Inc. (EAST)

Role
Corporate Secretary
Signature
/s/ Amy Lee Brassard
Stock symbol
EAST
Transactions as of
Dec 1, 2021
Transactions value $
-$7,897
Form type
4
Date filed
12/13/2021, 05:10 AM
Previous filing
Aug 20, 2021
Next filing
Jan 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EAST Common Stock Options Exercise $0 +15K +857.14% $0.00 16.8K Dec 1, 2021 Direct F1, F2
transaction EAST Common Stock Tax liability -$7.9K -4.49K -26.79% $1.76 12.3K Dec 1, 2021 Direct 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 +15K $0.00 15K Dec 1, 2021 Common Stock 15K $1.76 Direct F2, F4, F5
transaction EAST Restricted Stock Units Options Exercise $0 -15K -100% $0.00* 0 Dec 1, 2021 Common Stock 15K $1.76 Direct F2, F4, F5
holding EAST Stock Option (right to buy) 5.61K Dec 1, 2021 Common Stock 5.61K $3.99 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 December 1, 2021.
F2 Granted under the Issuer's 2016 Equity Incentive Plan (the "Plan").
F3 The reporting person is reporting the withholding by the Issuer of an aggregate of 4,487 shares of common stock (from the 15,000 shares of common stock issued upon settlement upon vesting of RSUs that were awarded on December 1, 2021) to satisfy payment of the reporting person's tax withholding obligations.
F4 Each RSU represents the right to receive shares of common stock upon settlement for no consideration.
F5 All 15,000 RSUs vested immediately upon grant.