Navarro Elizabeth Ann Levy - Dec 31, 2021 Form 4 Insider Report for Eastside Distilling, Inc. (EAST)

Role
Director
Signature
/s/ Elizabeth A. Levy-Navarro
Stock symbol
EAST
Transactions as of
Dec 31, 2021
Transactions value $
-$4,150
Form type
4
Date filed
1/4/2022, 09:23 AM
Previous filing
Nov 15, 2021
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EAST Common Stock Options Exercise $0 +15.4K +97.28% $0.00 31.2K Dec 31, 2021 Direct F1, F2
transaction EAST Common Stock Options Exercise $0 +2.32K +7.44% $0.00 33.5K Dec 31, 2021 Direct F1, 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
transaction EAST Restricted Stock Units Award $0 +15.4K $0.00 15.4K Dec 31, 2021 Common Stock 15.4K $1.79 Direct F2, F3, F4
transaction EAST Restricted Stock Units Options Exercise $0 -15.4K -100% $0.00* 0 Dec 31, 2021 Common Stock 15.4K $1.79 Direct F2, F3, F4
transaction EAST Restricted Stock Units Options Exercise -$4.15K $4.15K Dec 31, 2021 Common Stock 2.32K $1.79 Direct F2, F3, F5
holding EAST Stock Option (right to buy) 5K Dec 31, 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 December 31, 2021.
F2 Granted under the Issuer's 2016 Equity Incentive Plan.
F3 Each RSU represents the right to receive shares of common stock upon settlement for no consideration.
F4 All 15,363 RSUs vested immediately upon grant.
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.