Nicholas Reyland Liuzza Jr. - 07 Mar 2025 Form 4 Insider Report for Eastside Distilling, Inc. (BLNE)

Role
CEO of Subsidiary
Signature
/s/ Nicholas Liuzza Jr.
Issuer symbol
BLNE
Transactions as of
07 Mar 2025
Net transactions value
+$8,226,278
Form type
4
Filing time
11 Mar 2025, 16:05:28 UTC
Previous filing
03 Mar 2025
Next filing
20 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLNE Common Stock Conversion of derivative security $8,165,430 +16,330,860 +33328% $0.5000 16,379,860 07 Mar 2025 Direct F1
transaction BLNE Common Stock Conversion of derivative security $60,848 +121,695 +0.74% $0.5000 16,501,555 07 Mar 2025 Direct F2

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 BLNE Series F Convertible Preferred Stock Conversion of derivative security $0 -16,330,860 -100% $0.000000 0 07 Mar 2025 Common Stock 16,330,860 $0.5000 Direct F3
transaction BLNE Series F-1 Convertible Preferred Stock Conversion of derivative security $0 -121,695 -100% $0.000000 0 07 Mar 2025 Common Stock 121,695 $0.5000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person converted shares of Series F Convertible Preferred Stock into shares of the Issuer's common stock.
F2 The Reporting Person converted shares of Series F-1 Convertible Preferred Stock into shares of the Issuer's common stock.
F3 The preferred stock is perpetual and therefore has no expiration date.