Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 335

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 335
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the “2024 Plan”) became effective, authorizing the issuance of up to shares of common stock. On June 24, 2025, the shareholders approved an increase in the number of shares authorized for issuance under the 2024 Plan to up to shares on common stock. As of June 30, 2025, the Company had made grants of shares of common stock under the 2024 Plan, and shares remained authorized for grant.

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 () 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 () 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 as of June 30, 2025 is .

The following sets forth the outstanding ISOs and related activity for the six months ended June 30, 2025:

| 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, 2024    |     |     6,011 |   |     | $              | 157.89 |     |            0.86 |     | $               | 0.00 |
| Exercisable at December 31, 2024    |     |     6,011 |   |     | $              | 157.89 |     |            0.86 |     | $               | 0.00 |
| Forfeited                           |     |    (3,598 | )