Company: IPST
Filing Date: 2025-04-28
Form Type: 10-K
Source: 0001788230-25-000048
Chunk: 208

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-04-28
Form: 10-K
Item: Item 8
Chunk 208
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 Nature of Beneficial Ownership Percentage of Class (%)(1)Named Executive Officers and Directors      Justin Stiefel 43,615 (2) * Jennifer Stiefel 67,294 (3) *Michael Carrosino2,500 *Beth Marker 8,689 (4) * Danielle Perkins —   * Troy Alstead 13,070 (5) * Christopher (Toby) Smith 2,500   * Matthew J. Swann4,320 (6)*Eric S. Trevan, Ph.D. 5,394   * Andrew Varga 52,500   * Jeffrey Wensel, M.D., Ph.D. 27,443   * Executive Officers and Directors as a Group (11 persons) 227,325   3.28% 

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*    less than 1%

(1)    The percentages in the table have been calculated on the basis of treating as outstanding for a particular person, all shares of our capital stock outstanding. To calculate a stockholder’s percentage of beneficial ownership, we include in the denominator the common stock outstanding and in the numerator all shares of our common stock issuable to that person in the event of the exercise of outstanding options and other derivative securities owned by that person that are exercisable or will come into existence within 60 days of April 25, 2025. Common stock options and derivative securities held by other stockholders are disregarded in this calculation. Therefore, the denominator used in calculating beneficial ownership among our stockholders may differ. Unless we 

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have indicated otherwise, each person named in the table has sole voting power and sole investment power for the shares listed opposite such person’s name.

(2)    Represents 41,878 shares of common stock and 1,737 shares of common stock held in Mr. Stiefel’s IRA account. Mr. Stiefel disclaims beneficial ownership of the shares held by Ms. Stiefel.

(3)    Represents 67,034 shares of common stock and 260 shares of common stock held in Ms. Stiefel’s IRA account. Ms. Stiefel disclaims beneficial ownership of the shares held by Mr. Stiefel.

(4)    Represents 8,505 shares of common stock and 184 shares of common stock issuable upon