Zach Rasmuson - Oct 11, 2023 Form 4 Insider Report for Duckhorn Portfolio, Inc. (NAPA)

Role
Executive Vice President, Chief Operating Officer.
Signature
/s/ Sean Sullivan, as attorney-in-fact
Stock symbol
NAPA
Transactions as of
Oct 11, 2023
Transactions value $
$0
Form type
4
Date filed
10/13/2023, 06:14 PM
Previous filing
Sep 21, 2023
Next filing
Dec 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAPA Common Stock Award $0 +41.7K +68.32% $0.00 103K Oct 11, 2023 Direct F1
holding NAPA Common Stock 375K Oct 11, 2023 By trust 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 NAPA Stock Options Award $0 +125K $0.00 125K Oct 11, 2023 Common Stock 125K $9.90 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction constitutes a grant of restricted stock units, which were granted under the company's 2021 Equity Incentive Plan and vests 25% per year over a four-year period.
F2 Shares held of record by Zach Rasmuson, trustee of the Rasmuson 2016 Family Trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his 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 These stock options vest in four (4) equal annual installments, commencing September 19, 2023, and expire on the tenth anniversary of the grant.

Remarks:

Executive Vice President, Chief Operating Officer.