Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 243

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 243
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 to us by law, regulation or listing standards. Repricing 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 126,375 RSUs and 123,625shares 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 |     | —             |     | —        |     | —          |     |         2,100 |     | $          | 168,000 |
| Jennifer Stiefel            |     |               |     |          |     |            |     |               |     |            |         |
| Restricted Stock Unit Award |     | —             |     | —        |     | —          |     |