Nicholas Reyland Liuzza Jr. - 10 Feb 2025 Form 4 Insider Report for Eastside Distilling, Inc. (BLNE)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BLNE	Series G Convertible Preferred Stock	Award	+1,284,314	+66%	3,245,098	10 Feb 2025	Common Stock	1,284,314	$0.5100	Direct	F1, F2, F3
transaction	BLNE	Warrants to Purchase Common Stock	Award	+642,157	+66%	1,622,549	10 Feb 2025	Common Stock	642,157	$0.6500	Direct	F3, F4
transaction	BLNE	Series G Convertible Preferred Stock	Award	+1,372,549	+42%	4,617,647	17 Feb 2025	Common Stock	1,372,549	$0.5100	Direct	F1, F2, F5
transaction	BLNE	Warrants to Purchase Common Stock	Award	+686,275	+42%	2,308,824	17 Feb 2025	Common Stock	686,275	$0.6500	Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 $655,000 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.
F5	The Reporting Person paid a purchase price of $700,000 for the Series G and accompanying warrants by forgiving a bridge loan he had previously made.