Nicholas Liuzza - Dec 19, 2024 Form 4 Insider Report for Eastside Distilling, Inc. (EAST)

Role
CEO of Subsidiary
Signature
/s/ Nicholas Liuzza Jr.
Stock symbol
EAST
Transactions as of
Dec 19, 2024
Transactions value $
$0
Form type
4
Date filed
12/19/2024, 05:16 PM
Previous filing
Dec 20, 2024

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 Series G Convertible Preferred Stock Award +980K 980K Dec 19, 2024 Common Stock 980K $0.51 Direct F1, F2, F3
transaction EAST Warrants to Purchase Common Stock Award +490K 490K Dec 19, 2024 Common Stock 319K $0.65 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Series G Convertible Preferred Stock ("Series G") purchased by the reporting person pursuant to a Securities Purchase Agreement with the Issuer. The Series G is not convertible until after shareholder approval and votes on an as-converted basis beginning at that time.
F2 The preferred stock is perpetual and therefore has no expiration date.
F3 The reporting person paid a purchase price of $500,000 for the Series G and accompanying warrants.
F4 Represents common stock purchase warrants purchased pursuant to the Securities Purchase Agreement referred to in footnote (1). The warrants are not exercisable until after shareholder approval. The warrants have a term of five years from the date of issuance.