Beeline Holdings, Inc. — Director's Dealing 2021

Sep 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Eastside Distilling, Inc. (EAST)
CIK: 0001534708
Period of Report: 2020-09-30

Reporting Person: GWIN GEOFFREY C (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-30	Common Stock	M	32895	—	Acquired	87379	Direct
2020-09-30	Common Stock	F	7170	$1.14	Disposed	80209	Direct
2020-12-31	Common Stock	M	29297	—	Acquired	109506	Direct
2020-12-31	Common Stock	F	6512	$1.28	Disposed	102994	Direct
2021-03-31	Common Stock	M	10135	—	Acquired	113129	Direct
2021-03-31	Common Stock	F	1014	$1.85	Disposed	112115	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-30	Restricted Stock Units	$1.14	M		Disposed	2020-09-30	Common Stock (32895)	Direct
2020-12-31	Restricted Stock Units	$1.28	M		Disposed	2020-12-31	Common Stock (29297)	Direct
2021-03-31	Restricted Stock Units	$1.85	M		Disposed	2021-03-31	Common Stock (10135)	Direct
2021-03-31	Restricted Stock Units	$	D		Disposed	2021-06-30	Common Stock ()	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	107000	Indirect

Footnotes

F1: Represents settlement upon vesting of $37,500 of restricted stock units ("RSUs") on September 30, 2020 that were awarded on July 10, 2020. The shares issued upon settlement were issued on October 1, 2020.

F2: Awarded pursuant to the Issuer's 2016 Equity Incentive Plan.

F3: Represents the withholding by the Issuer of shares of common stock (from the $37,500 of RSUs that vested on September 30, 2020) to satisfy payment of the Reporting Person's tax withholding obligations.

F4: Represents settlement upon vesting of $37,500 of RSUs on December 31, 2020 that were awarded on July 10, 2020.

F5: Represents the withholding by the Issuer of shares of common stock (from the $37,500 of RSUs that vested on December 31, 2020) to satisfy payment of the Reporting Person's tax withholding obligations.

F6: Represents settlement upon vesting of $18,750 of RSUs on March 31, 2021 that were awarded on July 10, 2020. See footnote 9.

F7: Represents the withholding by the Issuer of shares of common stock (from the $37,500 of RSUs that vested on March 31, 2021) to satisfy payment of the Reporting Person's tax withholding obligations.

F8: These securities are held by Group G Investments, LP ("Group G Investments"), the general partner of which is Group G Capital Partners, LLC. The Reporting Person is the managing member and Chief Investment Officer of Group G Capital Partners, LLC and is also a limited partner of Group G Investments. By virtue of his roles with Group G Capital Partners, LLC, he may be deemed to be the indirect beneficial owner of Group G Investments' portfolio securities; however, he disclaims beneficial ownership of the reported. securities, except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Act") or for any other purpose.

F9: Effective February 4, 2021, the Issuer and the Reporting Person entered into a First Amendment to Employment Agreement (the "First Amendment"), pursuant to which $56,250 of unvested RSUs were rescinded.