Beeline Holdings, Inc. — Director's Dealing 2021

Sep 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Eastside Distilling, Inc. (EAST)
CIK: 0001534708
Period of Report: 2021-09-15

Reporting Person: GRAMMEN ROBERT (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-15	Common Stock	M	7067	—	Acquired	101053	Direct
2021-09-15	Common Stock	M	1773	—	Acquired	102826	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-15	Restricted Stock Units	$2.83	A	7067	Acquired	2021-09-15	Common Stock (7067)	Direct
2021-09-15	Restricted Stock Units	$2.83	M	7067	Disposed	2021-09-15	Common Stock (7067)	Direct
2021-09-15	Restricted Stock Units	$2.82	M		Disposed	2021-06-30	Common Stock (1773)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$1.23	2030-07-30	Common Stock (5000)	5000	Direct

Footnotes

F1: Represents the settlement upon vesting of restricted stock units ("RSUs") that were awarded on September 15, 2021.

F2: Represents the settlement upon vesting of RSUs that were awarded on July 30, 2020. The shares issued upon settlement were issued on September 15, 2021.

F3: Granted under the Issuer's 2016 Equity Incentive Plan (the "Plan").

F4: Each RSU represents the right to receive shares of common stock upon settlement for no consideration.

F5: All 7,067 RSUs vested immediately upon grant.

F6: The closing price of EAST on June 30, 2021, the vesting date, was $2.82.

F7: On July 30, 2020, the Reporting Person was awarded $20,000 of RSUs, which vest in four quarterly installments beginning on September 30, 2020 and continuing thereafter on the last day of each quarter through and including June 30, 2021, subject to continued service with the Issuer on each respective vesting date.