Form 4: LQR House CEO Sean Dollinger Converts Restricted Stock Units to Common Shares

LQR House Inc. CEO Sean Dollinger converted 89 restricted stock units into common stock, increasing his direct beneficial ownership to 2,832 shares.

Summary

• Sean Dollinger, Chief Executive Officer, Director, and a 10% owner of LQR House Inc. (LQR), reported a change in beneficial ownership.
• On June 30, 2025, Mr. Dollinger converted 89 restricted stock units (RSUs) into 89 shares of LQR House Inc. common stock.
• The conversion price for these shares was $0, as it represents the vesting and conversion of previously granted RSUs.
• Following this transaction, Mr. Dollinger directly beneficially owns 2,832 shares of common stock.
• Additionally, he beneficially owns 90 derivative securities, specifically restricted stock units.
• The reported share counts are adjusted for a 1-for-60 reverse stock split on November 30, 2023, a 3:2 stock dividend on March 1, 2024, and a 1-for-35 reverse stock split on April 21, 2025.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates the vesting of equity compensation and an increase in the CEO's direct ownership, which generally aligns management's interests with shareholders.

Positives

• The conversion of restricted stock units into common stock increases the direct equity ownership of the CEO, aligning his interests more closely with those of common shareholders.
• The transaction represents the vesting of previously granted equity compensation, indicating the fulfillment of performance or tenure conditions.

Future Outlook

N/A

Industry Context

This filing is a standard insider transaction report (Form 4) required by the SEC for officers, directors, and significant shareholders of publicly traded companies. Such reports provide transparency regarding changes in beneficial ownership and are common across all industries.

Comparison to Industry Standards

• Not applicable as this document reports an individual insider's beneficial ownership change, not company-wide financial or operational performance that can be benchmarked against industry peers.

Related Party Transactions

• The conversion of 89 restricted stock units into common stock for Sean Dollinger, the Chief Executive Officer and Director, constitutes a transaction with a related party as part of his compensation.

Stakeholder Impact

• Shareholders: The conversion increases the CEO's direct equity stake, potentially enhancing alignment between management and shareholder interests.

Key Dates

Keywords

LQR House, LQR, Sean Dollinger, SEC Form 4, insider transaction, beneficial ownership, restricted stock units, RSU conversion, common stock, CEO, director, equity compensation