Perkins Danielle B 4

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.