Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 312

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 312
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 31, 2024 |     |    245,439 |   |     | $              | 10.93 |
| Granted                                     |     |  2,527,500 |   |     | $              |  1.24 |
| Settled                                     |     | (2,772,939 | ) |     | $              |  2.10 |
| Forfeited/Canceled/Expired                  |     |          — |   |     |                |       |
| Vested and Outstanding at June 30, 2025     |     |          — |   |     | $              |     — |

During the three months ended June 30, 2025 and 2024, the Company recognized $3,127,807 and $0, respectively; and during the six months ended June 30, 2025 and 2024, the Company recognized $3,127,807 and $0, respectively, of stock -basedcompensation expense in connection with RSU awards granted under the plans. Compensation expense for RSU awards is recognized upon meeting both the time -vestingcondition and the triggering event condition. As of June 30, 2025, 0 restricted stock units (“RSUs”) were forfeited. In May 2024, 105,360 RSUs were voluntarily terminated, and 2,500 were issued, leaving 11,064 issued RSUs to settle at a grant value of $157.89 per unit. In May 2024, the Board of Directors approved awarding 234,525 RSUs to employees, directors and consultants with a fair grant value of $4.00 per unit. These RSUs contain a double trigger and, upon grant, were deemed to have met their time -basedservice requirements for vesting. They will settle on the expiration of the Market Stand -offprovision in the 2019 stock incentive plan (or May 24, 2025, which is 180 days from the November 25, 2024 closing of the Company’s initial public offering). The following table presents stock -basedcompensation expense included in the condensed consolidates statements of operations related to RSUs issued under the 2024 Plan:

|                                |     | For the Six Months Ended 
 June 30,                 
 2025                     |           |     | 2024 |   |
|:-------------------------------|:----|:-------------------------|----------:|:----|:-----