Stiefel Jennifer D H 4

What Happened

• Jennifer D. H. Stiefel, President & Secretary and a company director, had 8,333 restricted stock units (RSUs) convert into 8,333 shares of Heritage Distilling common stock on Feb 2, 2026. To cover tax withholding, 2,471 shares were withheld at $1.08 per share for a total withholding of $2,669, leaving a net delivery of 5,862 shares to Stiefel. The filing shows the derivative awards were converted (M code) and shares withheld for taxes (F code).

Key Details

• Transaction date: Feb 2, 2026; Form 4 filed Feb 3, 2026 (timely).
• RSUs converted: 8,333 shares acquired via conversion (derivative exercise/conversion, code M).
• Tax withholding: 2,471 shares withheld at $1.08 per share, totaling $2,669 (code F); net shares delivered = 5,862.
• Filing also records cancellation/conversion of the derivative instrument (8,333 shares disposed at $0), consistent with RSU-to-share conversion.
• Beneficial ownership note: filing references 13 shares held through American Estate and Trust, LC FBO Jennifer Stiefel IRA account (footnote F2). The filing excerpt does not list total shares beneficially owned after the transaction.
• Footnotes: F1—each RSU equals one share; F4—these RSUs vest over an 18‑month schedule beginning Sep 1, 2025, with six months of service-based vesting deemed satisfied as of Feb 2, 2026 and remaining units vesting quarterly thereafter.

Context

• This was not an open‑market purchase or a sale — it was award vesting (RSU conversion) with a common “sell-to-cover”/share‑withholding to satisfy taxes. Such transactions are routine for compensation vesting and do not by themselves indicate market sentiment.