Charles Esserman - Oct 19, 2021 Form 4 Insider Report for Duckhorn Portfolio, Inc. (NAPA)

Role
Director
Signature
By: /s/ Sean Sullivan, as attorney-in-fact
Stock symbol
NAPA
Transactions as of
Oct 19, 2021
Transactions value $
$0
Form type
4
Date filed
10/21/2021, 05:00 PM
Previous filing
Sep 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAPA Common Stock Other $0 +12.2K $0.00 12.2K Oct 19, 2021 Direct F1
transaction NAPA Common Stock Gift $0 -12.2K -100% $0.00* 0 Oct 19, 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 12, 2021, Mallard Holdco, LLC declared a distribution of shares of common stock, to occur in connection with the sale of shares of common stock by Mallard Holdco, LLC, to Mr. Esserman, an indirect member of Mallard Holdco, LLC and other indirect members of Mallard Holdco, LLC. The distribution was declared to facilitate bona fide gifts by Mr. Esserman and other indirect members of Mallard Holdco, LLC of such shares of common stock to charitable organizations. The relevant sale and distribution occurred on October 19, 2021.

Remarks:

Mallard Holdco LLC holds 74,777,768 shares of common stock of The Duckhorn Portfolio, Inc. The Reporting Person is a Managing Member of Mallard Holdco LLC. Voting and investment decisions with respect to the securities held by Mallard Holdco LLC are made by a committee of three or more individuals (including the Reporting Person), none of whom individually has the power to direct such decisions. The Reporting Person disclaims beneficial ownership of the shares held by Mallard Holdco LLC, except to the extent of any actual pecuniary interest. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Person is the beneficial owner of any equity securities of The Duckhorn Portfolio, Inc. for purposes of Section 16 of the Exchange Act or otherwise. Exhibit List: Sean Sullivan is signing on behalf of Mr. Esserman pursuant to an authorization and designation letter dated March 18, 2021, which was previously filed with the Securities and Exchange Commission.