Amy Lee Brassard - 15 Jan 2023 Form 4 Insider Report for Eastside Distilling, Inc. (BLNE)

Role
Secretary
Signature
/s/Amy Lee Brassard
Issuer symbol
BLNE
Transactions as of
15 Jan 2023
Net transactions value
-$680
Form type
4
Filing time
31 Jan 2023, 10:29:07 UTC
Previous filing
16 Mar 2022
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 +15,000 +122% $0.000000 27,263 15 Jan 2023 Direct F1, F2
transaction EAST Common Stock Tax liability $680 -2,472 -9.1% $0.2751 24,791 15 Jan 2023 Direct 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 +15,000 $0.000000 15,000 15 Jan 2023 Common Stock 15,000 $0.2751 Direct F2, F3, F4
transaction EAST Restricted Stock Units Options Exercise $0 -15,000 -100% $0.000000* 0 15 Jan 2023 Common Stock 15,000 $0.2751 Direct F2, F3, F4
holding EAST Stock Option (right to buy) 5,609 15 Jan 2023 Common Stock 5,609 $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 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 15,000 RSUs vested immediately upon grant.
F5 Represents withholding by the Issuer of common stock to satisfy payment of the reporting person's tax withholding obligations.