CARROSINO MICHAEL 4/A
4/A · Heritage Distilling Holding Company, Inc. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Heritage Distilling (IPST) CFO Michael Carrosino Receives 12,500 RSU Award
What Happened
Michael Carrosino, EVP of Finance and Chief Financial Officer of Heritage Distilling Holding Company (IPST), was granted 12,500 restricted stock units (RSUs) on October 1, 2025. The grant is reported as a derivative acquisition at $0.00 per RSU (no cash paid). RSUs represent a contingent right to receive common shares upon vesting and settlement; settlement has been deferred per the filing.
Key Details
- Transaction type: Grant/Award (Form 4 code A) of 12,500 RSUs on 2025-10-01, reported in an amended Form 4 filed 2026-02-03 (amendment corrects the previously reported number of RSUs).
- Price: $0.00 per RSU (derivative award, not an open-market purchase).
- Vesting: 2,500 RSUs satisfied the service-based vesting requirement as of the vesting schedule start (Sept 1, 2025). The remaining 10,000 RSUs vest in equal quarterly installments over 12 months beginning Sept 1, 2025.
- Settlement: Payment/issuance of shares from the RSUs is deferred until no earlier than 45 days following effectiveness of the company’s Form S-8 registration statement.
- Post-transaction holdings: The filing does not disclose total shares beneficially owned after this grant.
- Filing status: This is an amended filing correcting a clerical error in the number of RSUs reported; the amended Form 4 was filed on 2026-02-03 (the original Form 4 was filed 2026-01-05).
Context
RSU grants are a form of equity compensation and do not represent immediate sale or purchase of shares; they are contingent on vesting and subsequent settlement. Because settlement is deferred pending the S-8 registration, Carrosino does not yet hold tradable shares from this award. Amended/late filings correct reporting details but do not, by themselves, indicate a change in the substance of the transaction.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2025-10-01+12,500→ 12,500 total→ Common Stock (12,500 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.
- [F2]Of the restricted stock units granted on October 1, 2025, 2,500 RSUs satisfied the service-based vesting requirement as of the commencement of the vesting schedule on September 1, 2025. The remaining 10,000 RSUs vest in equal quarterly installments over a twelve (12) month period beginning September 1, 2025. Settlement of such RSUs was deferred until no earlier than forty-five (45) days following the effectiveness of the Company's Form S-8 registration statement.