STEINBERG JOSEPH S 4

What Happened
Joseph S. Steinberg, identified as a 10% owner of Crimson Wine Group (CWGL), acquired 7,474 shares on May 22, 2026. The Form 4 reports a purchase (transaction code P) at $4.05 per share for a total cash outlay of $30,270. This was a purchase rather than a sale — insider purchases are often seen as a more informative (potentially bullish) signal than routine sales, though the filing does not state motivation.

Key Details

• Transaction date and price: 2026-05-22 — 7,474 shares @ $4.05, total $30,270.
• Transaction type/code: Purchase (P) — listed as open market or private purchase on the form.
• Shares owned after transaction: Not specified in the provided excerpt (see full Form 4 for post-transaction beneficial ownership).
• Filing date and timeliness: Form 4 filed 2026-05-26; appears to meet the 2-business-day filing requirement (May 25 was a federal holiday).
• Footnotes/special instructions: No 10b5-1 plan, tax withholding, or other footnotes included in the provided data.

Context
As a 10% owner (a large stakeholder rather than necessarily an executive), Steinberg’s purchase increases his beneficial exposure to CWGL but does not convey management’s trading behavior. The dollar size of this buy (~$30k) is modest relative to many insider transactions; investors may note the purchase but should check the full Form 4 for ownership totals and any additional disclosure.