Marker Beth A 4

What Happened

• Beth A. Marker, SVP of Retail Operations at Heritage Distilling Holding Co. (IPST), had 1,875 restricted stock units (RSUs) convert/exercise into common shares on February 2, 2026. As part of the settlement, 556 of those shares were withheld to satisfy tax withholding obligations at $1.08 per share (total reported: $600). The remaining ~1,319 shares were issued/retained by Marker.

Key Details

• Transaction date: February 2, 2026; Form 4 filed February 3, 2026 (timely filing).
• Actions reported: M = exercise/conversion of derivative (1,875 RSUs → 1,875 shares); F = tax withholding (556 shares withheld @ $1.08 each, $600).
• Net shares received (approx.): 1,875 − 556 = 1,319 shares (market value of these remaining shares not explicitly reported in the filing; $1.08 per-share price was used for withholding calculations).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Insider status: SVP (executive) — not reported as a 10% owner.
• Footnotes: F1–F3 note that each RSU represents a contingent right to one share, the per-share price reflects the closing price used for vesting/withholding, and the RSUs vest quarterly over two years (beginning Jan 2, 2026) with settlement tied to the issuer’s Form S-8 effectiveness.

Context

• This appears to be a standard RSU vesting/settlement with a sell-to-cover (share withholding) for taxes rather than an open-market sale. Such withholding is routine and is recorded as code F on Form 4; the conversion of RSUs is reported as code M. The filing does not indicate an unrelated open-market purchase or sale of additional shares.