Company: IPST
Filing Date: 2025-05-12
Form Type: 424B3
Source: 0001641172-25-009684
Chunk: 259

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-12
Form: 424B3
Chunk 259
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’s reorganization on May 1, 2019, the HDHC Board and the HDHC sole stockholder approved HDHC’s 2019 Equity Incentive Plan (the “2019 Plan”). Upon the closing of the Company’s initial public offering (which occurred on November 25, 2024), the 2024 Equity Incentive Plan (the “2024 Plan”) became effective, authorizing the issuance of up to 2,500,000 shares of common stock. As of December 31, 2024, the Company had made no grants under the 2024 Plan.

The 2024 Plan allows for the grant of incentive stock options (“ISOs”), nonqualified stock options (“NQSOs”), stock appreciation rights (“SARs”), restricted stock, RSU awards, performance shares, and performance units to eligible participants for ten (10) years (until November 2034).

The 2019 Plan allows for the grant of incentive stock options (“ISOs”), nonqualified stock options (“NQSOs”), stock appreciation rights (“SARs”), restricted stock, RSU awards, performance shares, and performance units to eligible participants for ten (10) years (until April 2029). The cost of awards under the 2019 Plan generally is based on the fair value of the award on its grant date. The maximum number of shares that may be utilized for awards under the 2019 Plan is 256,500.

The following sets forth the outstanding ISOs and related activity for the years ended December 31, 2024 and 2023:

SCHEDULE OF OUTSTANDING ISOS AND RELATED ACTIVITY

| Options Outstanding                     |     | Number of Shares |        |   |     | Weighted-  Average  Exercise Price  Per Share |        |     | Weighted-  Average  Remaining  Contractual  Term (in years) |      |     | Aggregate  Intrinsic Value |      |
|:----------------------------------------|:----|:-----------------|-------:|:--|:----|:----------------------------------------------|-------:|:----|:------------------------------------------------------------|-----:|:----|:---------------------------|-----:|
| Outstanding at December 31, 2022        |     |                  |  8,137 |   |     | $                                             | 157.89 |     |                                                             | 2.82 |     | $                          | 0.00 |
| Forfeited                               |     |