Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 429

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 429
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 |  Restricted 
 Stock Units |   |     | Weighted       
 Average        
 Exercise Price 
 Per Share      |          |
|:----------------------------------------------|:----|------------:|:--|:----|:---------------|---------:|
| Unvested and Outstanding at December 31, 2022 |     |       5,286 |   |     | $              | 3,157.80 |
| Granted                                       |     |         700 |   |     | $              | 3,157.80 |
| Forfeited/Canceled/Expired                    |     |        (139 | ) |     | $              | 3,157.80 |
| Unvested and Outstanding at December 31, 2023 |     |       5,847 |   |     | $              | 3,157.80 |
| Granted                                       |     |      11,726 |   |     | $              |    80.00 |
| Forfeited/Canceled/Expired                    |     |      (5,294 | ) |     | $              | 3,157.80 |
| Vested and Outstanding at December 31, 2024   |     |      12,279 |   |     | $              |   218.60 |

F-92

Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 9 — STOCKHOLDERS’ EQUITY / (DEFICIT) (cont.) During the year ended December 31, 2024, the Company recognized $4,892,110 stock -basedcompensation expense (including $312,500 accrued but not yet awarded) 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. During the year ended December 31, 2024, 26 restricted stock units (“RSUs”) were forfeited. In May 2024, 5,268 RSUs were voluntarily terminated, and 125 were issued, leaving 553 issued RSUs to settle at a grant value of $3,157.80 per unit. In May 2024, the Board of Directors approved awarding 11,726 RSUs to employees, directors and consultants with a fair grant value of $80.00 per unit. These RSUs contain a double trigger and, upon grant, were deemed to have met their time -basedservice requirements