Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 237

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 237
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    500,000 |
| Michael Carrosino |     | Executive Vice President and Chief Financial Officer |     |             | 260,000 |     |    250,000 |

In recognition of the effort put into identifying, negotiating and completing our recent private placement of our Pre -FundedWarrants and the fundamental change in our liquidity such offering provided, and as an incentive to continue employment with us, pursuant to his employment agreement, we granted to Mr. Stiefel a restricted stock unit award of 3,500,000shares of common stock. As an incentive to continue employment with us pursuant to her employment agreement, we granted to Ms. Stiefel a restricted stock unit award of 500,000shares of common stock. Under those agreements, such restricted stock unit awards will vest monthly over an 18 -monthperiod. Pursuant to his employment agreement, we granted to Mr. Carrosino a restricted stock unit award of 250,000shares of common stock, of which 50,000shares were vested on the date of grant and 200,000shares will vest monthly over the 18 -monthterm of his employment agreement. Under Mr. Carrosino’s original 2023 offer letter, Mr. Carrosino was to be issued $1 million in incentive stock awards upon our successful completion of our initial public offering of common stock (which we completed in November 2024) and a successful follow -onfinancing (which we completed in August 2025). Pursuant to his employment agreement, the grant of the restricted stock unit award for 200,000shares will be credited toward the $1 million in total equity awards due to Mr. Carrosino. The remainder of the grants and their structure will be determined by the Compensation Committee of our Board prior to the end of 2025. Pursuant to the employment agreements, each of Mr.Stiefel, Ms. Stiefel and Mr.Carrosino is also eligible to participate in any bonus and/or equity award plan that we maintain for our executive officers. In addition, each of Mr. Stiefel and Ms. Stiefel is entitled to an automobile allowance of $950 per month during the term of his or her employment agreement. Under their respective employment agreements, we also have agreed to transfer to Mr. Stiefel or his estate life insurance policies on the life of Mr. Stiefel with aggregate death benefits of $25,000,000 currently owned by us and to Ms. Stiefel