Nicolas Quille - Mar 6, 2024 Form 4 Insider Report for Crimson Wine Group, Ltd (CWGL)

Role: Chief Winemaking & COO
Signature: /s/ Nicolas Quille
Stock symbol: CWGL
Transactions as of: Mar 6, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/11/2024, 07:58 PM
Previous filing: Jul 7, 2021

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	CWGL	Employee Stock Option (Right to buy)	Award	$0	-11.5K	-50%	$0.00	11.5K	Mar 6, 2024	Common Stock	11.5K	$5.95	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	This option as to 2,300 shares of common stock of Crimson Wine Group, Ltd. ("CWGL") vested on March 6, 2024, and the remainder of the option vests in four equal annual installments beginning on March 6, 2025.
F2	On March 1, 2023, the reporting person was granted an option to purchase 115,000 shares of CWGL common stock. The option vests in five installments based on CWGL's satisfaction of certain performance-based requirements for each year ending December 31, 2023, 2024, 2025, 2026, and 2027. The performance-based requirements for the fiscal year ending December 31, 2023 were met, resulting in the performance vesting of the option as to 11,500 shares of CWGL common stock.

Content

This option as to 2,300 shares of common stock of Crimson Wine Group, Ltd. ("CWGL") vested on March 6, 2024, and the remainder of the option vests in four equal annual installments beginning on March 6, 2025.

On March 1, 2023, the reporting person was granted an option to purchase 115,000 shares of CWGL common stock. The option vests in five installments based on CWGL's satisfaction of certain performance-based requirements for each year ending December 31, 2023, 2024, 2025, 2026, and 2027. The performance-based requirements for the fiscal year ending December 31, 2023 were met, resulting in the performance vesting of the option as to 11,500 shares of CWGL common stock.