John D. Cumming - May 20, 2021 Form 4 Insider Report for Crimson Wine Group, Ltd (CWGL)

Role: Director, 10%+ Owner
Signature: /s/ Karen L. Diepholz, as Attorney-in-Fact
Stock symbol: CWGL
Transactions as of: May 20, 2021
Transactions value $: $3,110,938
Form type: 4
Date filed: 5/24/2021, 03:42 PM
Next filing: Nov 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CWGL	Common Stock	Purchase	$3.11M	+360K	+62.06%	$8.65	939K	May 20, 2021	Direct
holding	CWGL	Common Stock						2.41M	May 20, 2021	By CLAT	F1

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

Explanation of Responses:

Id	Content
F1	Represents shares held by The Ian M. Cumming Charitable Lead Annuity Trust (the "CLAT"). Teton Holdings Corporation CCS ("Teton") serves as the trustee for CLAT. The reporting person owns a 50% interest in Teton and serves as a member of the board of directors and as a member of the investment committee of Teton. The reporting person also holds a remainder interest in the CLAT. The reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.

Content

Represents shares held by The Ian M. Cumming Charitable Lead Annuity Trust (the "CLAT"). Teton Holdings Corporation CCS ("Teton") serves as the trustee for CLAT. The reporting person owns a 50% interest in Teton and serves as a member of the board of directors and as a member of the investment committee of Teton. The reporting person also holds a remainder interest in the CLAT. The reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney