Joseph David Freedman - Oct 7, 2024 Form 4 Insider Report for Eastside Distilling, Inc. (EAST)

Role
Director
Signature
/s/ Joseph David Freedman
Stock symbol
EAST
Transactions as of
Oct 7, 2024
Transactions value $
$0
Form type
4
Date filed
10/9/2024, 05:17 PM
Previous filing
May 9, 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 F-1 Convertible Preferred Stock Award +3.98K 3.98K Oct 7, 2024 Common Stock 3.98K $0.50 Direct F1, F2
transaction EAST Series F Convertible Preferred Stock Award +534K 534K Oct 7, 2024 Common Stock 534K $0.50 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Series F-1 Convertible Preferred Stock ("Series F-1") under a merger agreement, as amended under which the Issuer acquired Beeline Financial Holdings, Inc. (the "Merger"). Votes on an as-converted basis with the holders of common stock on all matters except as noted in footnote (3). The Series F-1 is not convertible until shareholder approval noted in footnote (3).
F2 The preferred stock is perpetual and therefore has no expiration date.
F3 Represents Series F Convertible Preferred Stock ("Series F") issued in the Merger. Convertible into shares of the Issuer's common stock and only may vote following the first trading day following shareholder approval and increase in authorized common stock. Assumes conversion within 60 days from the Transaction Date.