Lori Beaudoin - Mar 16, 2023 Form 4 Insider Report for Duckhorn Portfolio, Inc. (NAPA)

Signature
/s/ Sean Sullivan as attorney-in-fact
Stock symbol
NAPA
Transactions as of
Mar 16, 2023
Transactions value $
-$859,426
Form type
4
Date filed
3/20/2023, 06:24 PM
Previous filing
Oct 4, 2022
Next filing
Jun 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAPA Common Stock Sale -$373K -24K -2.84% $15.56 821K Mar 16, 2023 By trust F1, F2
transaction NAPA Common Stock Sale -$403K -26K -3.17% $15.46 795K Mar 17, 2023 By trust F2, F3
transaction NAPA Common Stock Tax liability -$84.2K -5.45K -6.38% $15.43 80.1K Mar 17, 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.42 to $15.74. The Reporting Person undertakes to provide The Duckhorn Portfolio, Inc., any security holder of The Duckhorn Portfolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 Shares held of record by Lori Beaudoin, trustee of The Brian and Lori Beaudoin Trust 2005, as Amended and Restated in 2012. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.32 to $15.61. The Reporting Person undertakes to provide The Duckhorn Portfolio, Inc., any security holder of The Duckhorn Portfolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Reflects the withholding of shares for payment of tax liability related to the vesting of previously-reported restricted stock units.

Remarks:

Executive Vice President, Chief Financial Officer.