Geoffrey C. Gwin - 15 Jan 2023 Form 4 Insider Report for Eastside Distilling, Inc. (EAST)

Role
CEO, CFO, Director
Signature
/s/ Geoffrey C. Gwin
Issuer symbol
EAST
Transactions as of
15 Jan 2023
Transactions value $
$0
Form type
4
Filing time
30 Jan 2023, 20:20:03
Previous filing
07 Apr 2022
Next filing
31 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EAST Common Stock Options Exercise $0 +25K +8.01% $0.00 337K 15 Jan 2023 Direct F1, F2
holding EAST Common Stock 107K 15 Jan 2023 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 +25K $0.00 25K 15 Jan 2023 Common Stock 25K $1.76 Direct F2, F3, F4
transaction EAST Restricted Stock Units Options Exercise $0 -25K -100% $0.00* 0 15 Jan 2023 Common Stock 25K $1.76 Direct F2, F3, F4
* 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 January 15, 2023.
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 25,000 RSUs vested immediately upon grant.
F5 These securities are held by Group G Investments, LP ("Group G Investments"), the general partner of which is Group G Capital Partners, LLC. The Reporting Person is the managing member and Chief Investment Officer of Group G Capital Partners, LLC and is also a limited partner of Group G Investments. By virtue of his roles with Group G Capital Partners, LLC, he may be deemed to be the indirect beneficial owner of Group G Investments' portfolio securities; however, he disclaims beneficial ownership of the reported. securities, except to the extent of his pecuniary interest therein. 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 (the "Act") or for any other purpose.