Justin B. Stiefel - Nov 25, 2024 Form 4 Insider Report for Heritage Distilling Holding Company, Inc. (CASK)

Role
CEO & Treasurer, Director
Signature
/s/ Justin B. Stiefel
Stock symbol
CASK
Transactions as of
Nov 25, 2024
Transactions value $
$0
Form type
4
Date filed
11/26/2024, 05:07 PM
Previous filing
Nov 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CASK Common Stock Options Exercise $0 +27K +197.09% $0.00 40.7K Nov 25, 2024 Direct F1
transaction CASK Common Stock Options Exercise $0 +27K +71.35% $0.00 64.8K Nov 25, 2024 By spouse 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 CASK Warrants to Puchase Shares of Common Stock Options Exercise $0 -27K -100% $0.00 0 Nov 25, 2024 Common Stock 27K Direct F3
transaction CASK Warrants to Puchase Shares of Common Stock Options Exercise $0 -27K -100% $0.00 0 Nov 25, 2024 Common Stock 27K By spouse F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 1,737 shares beneficially owned through American Estate and Trust, LC FBO Justin Stiefel IRA account
F2 These securities are held by Jennifer D.H. Stiefel, the spouse of the reporting person. For purposes of Section 16 of the Exchange Act, the reporting person disclaims beneficial ownership of any such securities, except to the extent of her pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
F3 The warrants reported herein (the "Warrants") were granted to the holder by the Issuer on March 31, 2012, and were exercisable until March 31, 2027. On November 25, 2024, following the Issuer's completion of an initial public offering on the Nasdaq Capital Market (the "IPO"), the Warrants were exchanged to the Issuer for shares of common stock in an amount equal to the number of shares of common stock that the Warrant holders would have received if they had exercised the Warrants prior to the consummation of the IPO.