Nicholas Liuzza - Feb 27, 2025 Form 4 Insider Report for Eastside Distilling, Inc. (BLNE)

Role
CEO of Subsidiary
Signature
/s/ Nicholas Liuzza Jr.
Stock symbol
BLNE
Transactions as of
Feb 27, 2025
Transactions value $
$0
Form type
4
Date filed
3/3/2025, 04:05 PM
Previous filing
Feb 21, 2025
Next filing
Mar 11, 2025
SEC
View on sec.gov

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 BLNE Series G Convertible Preferred Stock Award +196K +3.45% 5.88M Feb 27, 2025 Common Stock 196K $0.51 Direct F1, F2, F3
transaction BLNE Warrants to Purchase Common Stock Award +98K +3.45% 2.94M Feb 27, 2025 Common Stock 98K $0.65 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Series G Convertible Preferred Stock ("Series G") purchased by the Reporting Person pursuant to a Securities Purchase Agreement with the Issuer. The Series G is not convertible until after shareholder approval and votes on an as-converted basis beginning at that time.
F2 The preferred stock is perpetual and therefore has no expiration date.
F3 The Reporting Person paid a purchase price of $100,000 for the Series G and accompanying warrants.
F4 Represents common stock purchase warrants purchased pursuant to the Securities Purchase Agreement referred to in footnote (1). The warrants are not exercisable until after shareholder approval. The warrants have a term of five years from the date of issuance.