Stiefel Justin B 4

4 · Heritage Distilling Holding Company, Inc. · Filed Feb 3, 2026

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Updated Feb 4, 2026

Heritage Distilling (IPST) CEO Justin Stiefel Receives Award

What Happened

Justin B. Stiefel, CEO, Treasurer and a director of Heritage Distilling Holding Co. (IPST), had restricted stock units (RSUs) convert into 58,333 shares on February 2, 2026. To cover tax withholding, 17,296 of those shares were surrendered at $1.08 per share for $18,680, leaving a net of 41,037 shares delivered to him. The conversion is reported under derivative code M and the withholding under code F.

Key Details

Transaction date: February 2, 2026; Form 4 filed February 3, 2026 (timely).
Shares converted (RSU vesting): 58,333 (reported as derivative conversion).
Shares withheld for taxes: 17,296 at $1.08 per share, total $18,680 (payment of tax liability).
Net shares received: 41,037.
Footnotes: F1—each RSU equals a contingent right to one common share; F3—$1.08 is the per-share closing price used for the withholding; F5—these RSUs vest over an 18-month schedule beginning Sept 1, 2025 (six months of vesting deemed satisfied as of Feb 2, 2026).
Ownership after transaction: filing does not state total shares beneficially owned after the vesting. Other holdings noted in filing include shares held via an IRA (F2) and by Constantine IHSV, LLC (F4).

Context

This was an RSU vesting event (award conversion), not an open-market purchase or economic sale for investment reasons. The surrender of shares was a routine tax-withholding disposition commonly used when equity awards vest. No late filing was indicated.

Form 4

Period: 2026-02-02

DirectorCEO & Treasurer

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-02-02+58,333→ 74,482 total
Tax Payment
Common Stock
[F3][F2]
2026-02-02$1.08/sh−17,296$18,680→ 57,186 total
Exercise/Conversion
Restricted Stock Units
[F1][F5]
2026-02-02−58,333→ 116,667 total
→ Common Stock (58,333 underlying)

Holdings

Footnotes (5)

[F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.
[F2]Includes 86 shares beneficially owned through American Estate and Trust, LC FBO Justin Stiefel IRA account
[F3]Represents the per share closing price of the issuer's Common Stock on the applicable vesting date or, if there was no closing price on such date, the closing price on the trading date that was immediately prior to such vesting date.
[F4]The reported securities are held by Constantine IHSV, LLC, of which the reporting person is the sole member and may be deemed to beneficially own the securities held by it.
[F5]The RSUs vest over an eighteen (18) month period beginning September 1, 2025, with six (6) months of service-based vesting deemed satisfied as of February 2, 2026, and the remaining units vesting in equal installments every three months thereafter, subject to continued service.

Signature

/s/ Justin B. Stiefel|2026-02-03

1 file