Stiefel Justin B 4

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.