Damian Novak - Dec 20, 2021 Form 4 Insider Report for Fresh Vine Wine, Inc. (VINE)

Role
Director, Executive Chairman, 10%+ Owner
Signature
/s/ Elliot Savoie, as Attorney-in-Fact
Stock symbol
VINE
Transactions as of
Dec 20, 2021
Transactions value $
$138,836
Form type
4
Date filed
12/22/2021, 07:59 PM
Previous filing
Dec 13, 2021
Next filing
Dec 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VINE Common Stock, $.001 par value Purchase $60.5K +10.7K $5.65* 10.7K Dec 20, 2021 Direct F1
transaction VINE Common Stock, $.001 par value Purchase $48.1K +8.5K +79.44% $5.66* 19.2K Dec 21, 2021 Direct F2
transaction VINE Common Stock, $.001 par value Purchase $30.3K +6K +31.25% $5.04* 25.2K Dec 22, 2021 Direct F3
holding VINE Common Stock, $.001 par value 5.32M Dec 20, 2021 By Nechio & Novak, LLC F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.50 to $5.899 inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth.
F2 The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.515 to $6.30, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth.
F3 The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.01 to $5.10, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth.
F4 A Texas limited liability company of which the reporting person is a co-founder. The reporting person shares voting and dispositive power over the shares of common stock of the Issuer held by Nechio & Novak, LLC. The reporting person disclaims beneficial ownership over the shares of the Issuer's common stock held by Nechio & Novak, LLC except to the extent of his pecuniary interest in such shares.

Remarks:

Exhibit 24.1 Power of Attorney filed with Form 3 on December 13, 2021 and incorporated herein by reference.