Company: IPST
Filing Date: 2025-06-04
Form Type: POS AM
Source: 0001641172-25-013501
Chunk: 184

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-04
Form: POS AM
Chunk 184
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pricing and Backdating Prohibited. Notwithstanding anything in our 2024 Plan to the contrary, and except for the adjustments provided for in our 2024 Plan, neither the administrator nor any other person may (i) amend the terms of outstanding stock options to reduce the exercise or grant price of such outstanding stock options; (ii) cancel outstanding stock options in exchange for stock options with an exercise or grant price that is less than the exercise or grant price of the original stock options; or (iii) cancel outstanding stock options with an exercise or grant price above the current fair market value of a share in exchange for cash or other securities. In addition, the administrator may not make a grant of a stock option with a grant date that is effective prior to the date the administrator takes action to approve the award.

Incentive Plan Awards

We did not make any stock option grants or other equity awards to our executive officers during the year ended December 31, 2024. In May 2025, the Board made awards of 2,500,000 RSUs and zero shares remain authorized under the 2024 Plan.

Outstanding Equity Awards at Fiscal Year-End

The following table sets forth outstanding equity awards to our named executive officers as of December 31, 2024.

| Name                        
 Justin Stiefel              |     | Option           
 Awards           
 Number           
 of  Securities   
 Underlying       
 Unexercised      
 Options          
 (#)  Exercisable |   |     | Option   
 Exercise 
 Price    |   |     | Option     
 Expiration 
 Date       |   |     | Stock               
 Awards              
 Number              
 of  Shares          
 or  Units           
 of  Stock           
 that                
 have not  Vested(1) |        |     | Market        
 Value         
 of  Shares    
 or  Units     
 of  Stock     
 that  have    
 not Vested(2) |         |
|:----------------------------|:----|:-----------------|:--|:----|:---------|:--|:----|:-----------|:--|:----|:--------------------|-------:|:----|:--------------|--------:|
| Restricted                  
 Stock Unit Award            |     |                  | — |     |          | — |     |            | — |     |                     | 42,000 |     | $             | 168,000 |
| Jennifer Stiefel            |     |                  |   |     |          |   |     |            |   |     |                     |