Beeline Holdings, Inc. — Director's Dealing 2021

May 21, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Eastside Distilling, Inc. (EAST)
CIK: 0001534708
Period of Report: 2020-09-18

Reporting Person: Block Paul (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-18	Common Stock	F	11956	$1.35	Disposed	152954	Direct
2020-10-30	Common Stock	F	11956	$1.30	Disposed	140998	Direct
2020-11-27	Common Stock	F	10726	$1.78	Disposed	130272	Direct
2020-12-24	Common Stock	F	10726	$1.36	Disposed	119546	Direct
2021-03-31	Common Stock	M	27320	—	Acquired	148866	Direct
2021-03-31	Common Stock	M	9107	—	Acquired	155973	Direct
2021-03-31	Common Stock	F	12064	$1.83	Disposed	143909	Direct
2021-05-19	Common Stock	P	20000	$1.79	Acquired	163909	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-19	Restricted Stock Units	$	A		Acquired	2023-12-31	Common Stock ()	Direct
2021-03-31	Restricted Stock Units	$1.83	M		Disposed	2021-06-30	Common Stock (27320)	Direct
2021-03-31	Restricted Stock Units	$1.83	M		Disposed	2023-12-31	Common Stock (9107)	Direct

Footnotes

F1: Pursuant to that certain Executive Employment Agreement between Eastside Distilling, Inc. (the "Issuer") and Paul R. Block, which was executed on July 7, 2020 (the "Employment Agreement"), Mr. Block is entitled to receive 31,250 shares of common stock each month beginning July 2020 and continuing through December 2020, which shares will be issued under the Issuer's 2016 Equity Incentive Plan (the "Plan"). The reporting person is reporting the withholding by the Issuer of an aggregate of 11,956 shares of common stock (from the 31,250 shares of common stock that vested on September 18, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations.

F2: The reporting person is reporting the withholding by the Issuer of an aggregate of 11,956 shares of common stock (from the 31,250 shares of common stock that vested on October 30, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations.

F3: The reporting person is reporting the withholding by the Issuer of an aggregate of 10,726 shares of common stock (from the 31,250 shares of common stock that vested on November 27, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations. These shares were not actually issued and withheld until January 11, 2021.

F4: The reporting person is reporting the withholding by the Issuer of an aggregate of 10,726 shares of common stock (from the 31,250 shares of common stock that vested on December 24, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations. These shares were not actually issued and withheld until January 11, 2021.

F5: Represents settlement upon vesting of restricted stock units ("RSUs") that were awarded on July 10, 2020. These shares were not actually issued until March 31, 2021.

F6: Awarded pursuant to the Plan. Each RSU represents the right to receive shares of common stock upon settlement for no consideration.

F7: Represents settlement upon vesting of restricted stock units ("RSUs") that were awarded on January 19, 2021. These shares were not actually issued until March 31, 2021.

F8: The reporting person is reporting the withholding by the Issuer an aggregate of 12,064 shares of common stock that vested on March 31, 2021 but that were not issued in order to satisfy the reporting person's tax withholding obligations in connection with the delivery of common stock to the reporting person upon vesting of RSUs. These shares were not actually issued and withheld until March 31, 2021.

F9: Pursuant to the Employment Agreement, on January 19, 2021, the Compensation Committee of the Issuer's Board of Directors awarded the reporting person $200,000 in value of RSUs, (1/12) of which will be earned and vested on each of March 31, June 30, September 30 and December 31, beginning March 31, 2021 and ending December 31, 2023, if the reporting person remains employed on the applicable quarterly vesting date.

F10: Pursuant to the Employment Agreement, on July 7, 2020, the Compensation Committee of the Issuer's Board of Directors awarded the reporting person $100,000 in value of RSUs, (1/2) of which will be earned and vested on each of March 31, 2021 and June 30, 2021, if the reporting person remains employed on the applicable quarterly vesting date.