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

Role: CEO, CFO, Director
Signature: /s/ Geoffrey C. Gwin
Stock symbol: EAST
Transactions as of: Jan 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/30/2023, 08:20 PM
Previous filing: Apr 7, 2022
Next filing: May 31, 2024

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	Jan 15, 2023	Direct	F1, F2
holding	EAST	Common Stock						107K	Jan 15, 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	Jan 15, 2023	Common Stock	25K	$1.76	Direct	F2, F3, F4
transaction	EAST	Restricted Stock Units	Options Exercise	$0	-25K	-100%	$0.00^*	0	Jan 15, 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.