Company: IPST
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001788230-25-000148
Chunk: 62

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 62
---
 | —                      |     |                                                  42,000 |     |                                                               |     | 168,000 |
| Jennifer D.H. Stiefel |     | 6/5/24                        |     | —                                                               |     | —                                                                 |     | — |     |                       | —                      |     |                                                  42,000 |     |                                                               |     | 168,000 |
| Michael Carrosino     |     | —                             |     | —                                                               |     | —                                                                 |     | — |     |                       | —                      |     |                                                       — |     | —                                                             |     |         |
| Beth A. Marker        |     | 6/5/24                        |     | —                                                               |     | —                                                                 |     | — |     |                       | —                      |     |                                                   1,500 |     |                                                               |     |   6,000 |
| Danielle B. Perkins   |     | 6/5/24                        |     | —                                                               |     | —                                                                 |     | — |     |                       | —                      |     |                                                   2,500 |     |                                                               |     |  10,000 |

(1) All Restricted Stock Unit Awards are “double trigger” and both a service-based component and a liquidity-event component (including applicable lock-up periods) must be satisfied prior to an award being settled. The liquidity-event component of these Restricted Stock Unit Awards consists of (a) a Change of Control (as defined in the related Restricted Stock Unit Award), (b) the expiration of any lock-up in connection with an IPO (as defined in the related Restricted Stock Unit Award), (c) the Sale of a Heritage Brand (as defined in the related Restricted Stock Unit Award) or the sale of any Heritage subsidiary, or any entity in which we have an ownership stake of no less than 10%; or upon our receipt of a third-party valuation or outside investment valuing our Company as a whole or any subsidiary at $200 million or more.

(2) The value reflected is based upon the fair grant value of $4.00 per share.

Compensation Committee Interlocks and Insider Participation

None of our executive officers currently serves, or in the past fiscal year has served, as a member of the Board of Directors or compensation committee of another entity that had one or more of its executive officers serving as a member of our Board of Directors or Compensation Committee. None of our Compensation Committee members, when appointed, will have at any