Stephanie Kilkenny - Mar 31, 2022 Form 4 Insider Report for Eastside Distilling, Inc. (EAST)

Role
Director
Signature
/s/Stephanie Kilkenny
Stock symbol
EAST
Transactions as of
Mar 31, 2022
Transactions value $
$0
Form type
4
Date filed
4/4/2022, 03:52 PM
Previous filing
Mar 23, 2022
Next filing
Apr 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EAST Common Stock Options Exercise $0 +16.9K $0.00 16.9K Mar 31, 2022 Direct F1, F2
holding EAST Common Stock 102K Mar 31, 2022 See footnote F5

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 +16.9K $0.00 16.9K Mar 31, 2022 Common Stock 16.9K $0.96 Direct F2, F3, F4
transaction EAST Restricted Stock Units Options Exercise $0 -16.9K -100% $0.00* 0 Mar 31, 2022 Common Stock 16.9K $0.96 Direct F2, F3, F4
transaction EAST Warrants Purchase +1.67M 1.67M Mar 21, 2022 Common Stock 1.67M $1.20 See footnote F7
holding EAST Warrants 27.8K Mar 31, 2022 Common Stock 27.8K $5.50 See footnote F6
* 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 March 31, 2022.
F2 Granted under the Issuer's 2016 Equity Incentive Plan (the "Plan").
F3 Each RSU represents the right to receive shares of common stock upon settlement for no consideration.
F4 All 16,927 RSUs vested immediately upon grant.
F5 These securities are held directly by Stephanie A. Kilkenny, Trustee of the Stephanie A. Kilkenny Trust. The inclusion of these securities in this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F6 These securities are held directly by Patrick J. Kilkenny, Trustee of the Patrick J. Kilkenny Revocable Trust. Mr. Kilkenny is the spouse of the Reporting Person. The inclusion of these securities in this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F7 The Warrants were acquired from the Issuer by TQLA, LLC in consideration of the purchase by TQLA, LLC of a promissory note in the principal amount of $2,000,000 and covenant to lend an additional $1,000,000 on demand. The Reporting Person, together with her spouse, owns and controls TQLA, LLC. The inclusion of these securities in this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.