# EDGAR Filing Document

**Accession Number:** 0001562151
**File Stem:** 0001628280-26-039502
**Filing Date:** 2026-6
**Character Count:** 17863
**Document Hash:** 753f7bc83729a9f4ac90bd5a9e9c3121
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-26-039502.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0001628280-26-039502

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Crimson Wine Group, Ltd
- **CENTRAL INDEX KEY:** 0001562151
- **STANDARD INDUSTRIAL CLASSIFICATION:** BEVERAGES [2080]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 133607383
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-87343
- **FILM NUMBER:** 261050997

**BUSINESS ADDRESS:**
- **STREET 1:** 5901 SILVERADO TRAIL
- **CITY:** NAPA
- **STATE:** CA
- **ZIP:** 94558
- **BUSINESS PHONE:** 800-486-0503

**MAIL ADDRESS:**
- **STREET 1:** 5901 SILVERADO TRAIL
- **CITY:** NAPA
- **STATE:** CA
- **ZIP:** 94558

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Crimson WIne Group, Ltd
- **DATE OF NAME CHANGE:** 20121114
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cumming John D.
- **CENTRAL INDEX KEY:** 0001568794

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **STREET 1:** C/O CRIMSON WINE GROUP, LTD.
- **STREET 2:** 5901 SILVERADO TRAIL
- **CITY:** NAPA
- **STATE:** CA
- **ZIP:** 94558

## Ex-1

Exhibit 1

**JOINT FILING AGREEMENT**

&nbsp;&nbsp;&nbsp;&nbsp;In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended (the "<u>Exchange Act</u>"), each of the undersigned parties hereby agrees to file jointly the Schedule 13D (including any amendments thereto) (the "<u>Statement</u>") with respect to the acquisition or disposition of shares of common stock, $0.01 par value per share, of Crimson Wine Group, Ltd., a Delaware corporation.

&nbsp;&nbsp;&nbsp;&nbsp;Each of the undersigned parties agrees that each is responsible for the timely filing of the Statement, and for the completeness and accuracy of the information concerning such party contained therein, but none of them is responsible for the completeness or accuracy of the information concerning the other parties making the filing unless such party knows or has reason to believe that such information is inaccurate. This Joint Filing Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

Date: June 1, 2026&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ John D. Cumming</u> 

John D. Cumming

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ David Cumming</u> 

David Cumming

**The Ian M. Cumming Charitable Lead Annuity Trust**

By:**&nbsp;&nbsp;&nbsp;&nbsp;**Teton Holdings Corporation CCS, its trustee

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Catherine Handley</u> 

&nbsp;&nbsp;&nbsp;&nbsp;Catherine Handley, as Trust Committee Member

**Teton Holdings Corporation CCS**

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Catherine Handley</u> 

Catherine Handley, as Trust Committee Member

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 4)**

**Crimson Wine Group, Ltd.**

*(Name of Issuer)*

**Common Stock, $0.01 par value**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**John D. Cumming**<br>c/o Crimson Wine Group, Ltd.<br>5901 Silverado Trail<br>Napa CA 94558<br>800-486-0503

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**11/20/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**John D. Cumming** | Name of reporting person<br>**John D. Cumming** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**1216801.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**2438314.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**1216801.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**2438314.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3655115.00** | Aggregate amount beneficially owned by each reporting person<br>**3655115.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**17.8%** | Percent of class represented by amount in Row (11)<br>**17.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ian M. Cumming Charitable Lead Annuity Trust** | Name of reporting person<br>**Ian M. Cumming Charitable Lead Annuity Trust** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**—** | Source of funds (See Instructions)<br>**—** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**WYOMING** | Citizenship or place of organization<br>**WYOMING** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**2410828.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**2410828.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2410828.00** | Aggregate amount beneficially owned by each reporting person<br>**2410828.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**11.7%** | Percent of class represented by amount in Row (11)<br>**11.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Teton Holdings Corp CCS** | Name of reporting person<br>**Teton Holdings Corp CCS** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**—** | Source of funds (See Instructions)<br>**—** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**WYOMING** | Citizenship or place of organization<br>**WYOMING** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**2410828.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**2410828.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2410828.00** | Aggregate amount beneficially owned by each reporting person<br>**2410828.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**11.7%** | Percent of class represented by amount in Row (11)<br>**11.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**David Cumming** | Name of reporting person<br>**David Cumming** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**—** | Source of funds (See Instructions)<br>**—** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**2438314.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**2438314.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2438314.00** | Aggregate amount beneficially owned by each reporting person<br>**2438314.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**11.8%** | Percent of class represented by amount in Row (11)<br>**11.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, $0.01 par value

**(b) Name of Issuer:**
Crimson Wine Group, Ltd.

**(c) Address of Issuer's Principal Executive Offices:**
5901 Silverado Trail, Napa, CA, 94558

This Amendment No. 4 ("Amendment No. 4") amends and supplements that certain Statement on Schedule 13D filed on May 23, 2018, as amended by Amendment No. 1 to Schedule 13D filed on September 21, 2020, by Amendment No. 2 to Schedule 13D filed on May 28, 2021 and by Amendment No. 3 to Schedule 13D ("Amendment No. 3") filed on November 18, 2022 (as amended, the "Schedule 13D") by (i) John D. Cumming, (ii) the Ian M. Cumming Charitable Lead Annuity Trust (the "CLAT"), (iii) Teton Holdings Corporation CCS ("Teton"), and (iv) David Cumming (collectively, the "Reporting Persons"), with respect to the common stock, $0.01 par value per share ( "Common Stock"), of Crimson Wine Group, Ltd., a Delaware corporation (the "Company").

On November 20, 2025, John D. Cumming purchased 106,308 shares of Common Stock, which increased the percentage of Common Stock beneficially owned by John D. Cumming by approximately 1.3% compared to the percentage of Common Stock beneficially owned by John D. Cumming reported in Amendment No. 3.

Capitalized terms used herein and not otherwise defined in this Amendment No. 4 shall have the meanings set forth in the Schedule 13D. Except as specifically set forth herein, the Schedule 13D remains unmodified.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5(a) of the Schedule 13D is hereby amended and restated as follows:

The percentage of shares owned is based upon 20,586,027 shares of Common Stock issued and outstanding as of May 1, 2026 as reported in the Company's Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (the "SEC") on May 7, 2026. As of the date of this filing, the Reporting Persons beneficially own the following shares of Common Stock:

(i) John D. Cumming beneficially owns 3,655,115 shares of Common Stock, representing 17.8% of the issued and outstanding Common Stock. As a member of the investment committee of Teton, John D. Cumming has shared voting and dispositive power over the 2,410,828 shares of Common Stock held by the CLAT.   John D.   Cumming also has shared voting and dispositive power over 27,486 shares of Common Stock held by the Cumming Foundation, a private charitable foundation, of which he serves as a trustee. John D. Cumming    directly owns 1,216,801 shares of Common Stock and has sole voting and dispositive power over such shares.   John D. Cumming disclaims any excess of his pecuniary interest in the 2,410,828 shares of Common Stock held by the CLAT and disclaims a pecuniary interest in the 27,486 shares of Common Stock held by the Cumming Foundation, and the inclusion of these shares in this Schedule 13D shall not be deemed an admission of   beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

(ii) The CLAT beneficially owns 2,410,828 shares of Common Stock, representing approximately 11.7% of the issued and outstanding Common Stock. The CLAT has sole voting and dispositive power over such shares of Common Stock.

(iii) Teton, as the trustee of the CLAT, beneficially owns 2,410,828 shares of Common Stock, representing 11.7% of the issued and outstanding Common Stock. As the trustee of the CLAT, Teton has sole voting and dispositive power over the 2,410,828 shares of Common Stock held by the CLAT.

(iv) David Cumming beneficially owns 2,438,314 shares of Common Stock, representing 11.8% of the issued and outstanding Common Stock. As a member of the investment committee of Teton, David Cumming has shared voting and dispositive power over the 2,410,828 shares of Common Stock held by the CLAT. David Cumming also has shared voting and dispositive power over 27,486 shares of Common Stock held by the Cumming Foundation, a private charitable foundation, of which he serves as a trustee. David Cumming disclaims any   excess of his pecuniary interest in the 2,410,828 shares of Common Stock held by the CLAT and disclaims a pecuniary interest in the 27,486 shares of Common Stock held by the Cumming Foundation, and the inclusion of these shares in this Schedule 13D shall not be deemed an admission of beneficial ownership of all of the     reported shares for purposes of Section 16 or for any other purpose.

**(b)**
Item 5(b) of the Schedule 13D is hereby amended and restated as follows:

The information set forth in Item 5(a) of this Amendment No. 4 is incorporated by reference into this Item 5(b).

**(c)**
Item 5(c) of the Schedule 13D is hereby amended and restated as follows:

On November 20, 2025, John D. Cumming purchased 106,308 shares of Common Stock on the open market at a weighted average price per share of $4.96.

None of the Reporting Persons have effected any transactions in shares of Common Stock within 60 days prior to the date of this filing.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** John D. Cumming

**Signature:** /s/ John D. Cumming

**Name/Title:** John D. Cumming

**Date:** 06/01/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Ian M. Cumming Charitable Lead Annuity Trust

**Signature:** /s/ Catherine Handley

**Name/Title:** Catherine Handley, as Trust Committee Member of Teton Holdings Corporation CCS, its trustee

**Date:** 06/01/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Teton Holdings Corp CCS

**Signature:** /s/ Catherine Handley

**Name/Title:** Catherine Handley, as Trust Committee Member

**Date:** 06/01/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** David Cumming

**Signature:** /s/ David Cumming

**Name/Title:** David Cumming

**Date:** 06/01/2026