Ellen Scipta - Mar 31, 2022 Form 3 Insider Report for Fresh Vine Wine, Inc. (VINE)

Role
CFO
Signature
/s/ Ellen Scipta
Stock symbol
VINE
Transactions as of
Mar 31, 2022
Transactions value $
$0
Form type
3
Date filed
4/11/2022, 09:33 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VINE Common Stock 100K Mar 31, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding VINE Stock Option Mar 31, 2022 Common Stock 200K $3.30 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a restricted stock grant with transfer and forfeiture restrictions on the shares that lapse as follows: 33,334 shares on March 30, 2022 (date of grant), 33,333 shares on March 30, 2023, and 33,333 shares on March 30, 2024.
F2 The options were granted pursuant to an agreement dated March 30, 2022 between the Company and the Reporting Person. Options to acquire 200,000 shares will vest in three installments of 66,667 on March 30, 2022, 66,666 on March 30, 2023, and 66,666 on March 30, 2024. The grant was approved in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934 (the "1934 Act"), and in accordance with Rule 16b-3(a) of the 1934 Act is exempt from Section 16(b) of the 1934 Act.