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

Role
CEO & Treasurer, Director
Signature
/s/ Justin B. Stiefel
Issuer symbol
CASK
Transactions as of
25 Nov 2024
Net transactions value
$0
Form type
4
Filing time
26 Nov 2024, 17:07:29 UTC
Previous filing
18 Nov 2024
Next filing
07 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CASK Common Stock Options Exercise $0 +27,000 +197% $0.000000 40,699 25 Nov 2024 Direct F1
transaction CASK Common Stock Options Exercise $0 +27,000 +71% $0.000000 64,844 25 Nov 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 -27,000 -100% $0.000000 0 25 Nov 2024 Common Stock 27,000 Direct F3
transaction CASK Warrants to Puchase Shares of Common Stock Options Exercise $0 -27,000 -100% $0.000000 0 25 Nov 2024 Common Stock 27,000 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.