Form 4: Eastside Distilling Subsidiary CEO Converts Preferred Stock to Common Stock
SEC Form 4 Filing
Nicholas Reyland Liuzza Jr., CEO of an Eastside Distilling subsidiary, converted Series F and F-1 Convertible Preferred Stock into common stock on March 7, 2025.
Summary
- On March 7, 2025, Nicholas Reyland Liuzza Jr., CEO of a subsidiary of Eastside Distilling, Inc., converted 16,330,860 shares of Series F Convertible Preferred Stock into common stock at a price of $0.50.
- Additionally, Mr. Liuzza converted 121,695 shares of Series F-1 Convertible Preferred Stock into common stock, also at $0.50.
- Following these transactions, Mr. Liuzza directly owns 16,501,555 shares of Eastside Distilling's common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently indicate positive or negative sentiment, but rather reports a transaction.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The conversion of preferred stock to common stock may slightly dilute existing shareholders' equity.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of earliest transaction: conversion of Series F and F-1 Convertible Preferred Stock into common stock. |
| 03/11/2025 | Date of signature on the SEC Form 4. |
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