Perkins Danielle B 4
4 · Heritage Distilling Holding Company, Inc. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Heritage Distilling (IPST) SVP Danielle Perkins Converts RSUs
What Happened
Danielle B. Perkins, Senior VP of Wholesale Operations at Heritage Distilling (IPST), had 1,875 restricted stock units (RSUs vest/convert to common shares) on Feb 2, 2026. The filing shows 1,875 shares were issued on conversion; 748 of those shares were withheld to satisfy tax withholding at $1.08 per share (748 x $1.08 = $808). Based on the $1.08 per-share closing price noted in the filing, the gross value of the 1,875 shares is $2,025, and the net shares retained equal 1,127 shares (1,875 – 748), worth roughly $1,217.
Key Details
- Transaction date: 2026-02-02; Form 4 filed 2026-02-03 (timely filing).
- Reported items/codes: M = exercise/conversion of derivative (RSU conversion), F = shares withheld to pay tax liability.
- Share counts & prices reported: 1,875 RSUs converted; 748 shares withheld @ $1.08/share (tax withholding = $808). One line shows a derivative cancellation related to the conversion (reported as 1,875 shares disposed at $0 in the filing), consistent with RSU settlement mechanics.
- Net shares retained from this event: 1,127 shares (approx. $1,217 based on $1.08).
- Footnotes: RSUs vest quarterly (1/8 each quarter beginning Jan 2, 2026). Settlement occurred upon the 45th calendar day after the issuer’s S-8 registration became effective (S-8 effective Dec 19, 2025 → settlement on Feb 2, 2026).
- Shares owned after the transaction: not disclosed in the provided filing excerpt.
Context
- This was an RSU vesting/settlement event, not an open-market buy or discretionary sale. The withholding of 748 shares to cover taxes is routine and does not necessarily signal buying or selling intent.
- Transaction code M indicates conversion/exercise of a derivative (here, RSUs converting to common shares); code F indicates shares were delivered/forfeited to cover tax obligations.
Insider Transaction Report
Form 4
Perkins Danielle B
SVP of Wholesale Operations
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-02+1,875→ 7,521 total - Tax Payment
Common Stock
[F2]2026-02-02$1.08/sh−748$808→ 6,773 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-02-02−1,875→ 13,125 total→ Common Stock (1,875 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.
- [F2]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.
- [F3]The RSUs vest in equal quarterly installments over a two-year period, with one-eighth (1/8) of the RSUs vesting on each quarterly vesting date beginning January 2, 2026, subject to the terms of the applicable award agreement. Settlement of vested RSUs will occur upon the 45th calendar day following the effectiveness of the issuer's Form S-8 registration statement, which became effective on December 19, 2025, and only to the extent the RSUs have vested as of the applicable settlement date.
Signature
/s/ Justin B. Stiefel, attorney-in-fact for Danielle B. Perkins|2026-02-03