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

Role
Secretary
Signature
/s/Amy Lee Brassard
Stock symbol
EAST
Transactions as of
Jan 15, 2023
Transactions value $
-$680
Form type
4
Date filed
1/31/2023, 10:29 AM
Previous filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EAST Common Stock Options Exercise $0 +15K +122.32% $0.00 27.3K Jan 15, 2023 Direct F1, F2
transaction EAST Common Stock Tax liability -$680 -2.47K -9.07% $0.28 24.8K Jan 15, 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 +15K $0.00 15K Jan 15, 2023 Common Stock 15K $0.28 Direct F2, F3, F4
transaction EAST Restricted Stock Units Options Exercise $0 -15K -100% $0.00* 0 Jan 15, 2023 Common Stock 15K $0.28 Direct F2, F3, F4
holding EAST Stock Option (right to buy) 5.61K Jan 15, 2023 Common Stock 5.61K $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.