Damian Novak - Dec 19, 2022 Form 4 Insider Report for Fresh Vine Wine, Inc. (VINE)

Signature
/s/ Damian Novak
Stock symbol
VINE
Transactions as of
Dec 19, 2022
Transactions value $
$0
Form type
4
Date filed
12/20/2022, 03:54 PM
Previous filing
Mar 3, 2022
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VINE Common Stock Disposed to Issuer $0 -368K -14.99% $0.00 2.09M Dec 19, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities were forfeited and transferred back to the Issuer without consideration to enable the Issuer to issue shares to certain vendors without subjecting the Issuer's other stockholders to dilution therefrom.
F2 Includes shares previously held by Nechio & Novak, LLC ("Nechio & Novak") that were received by the reporting person on July 20, 2022 in a pro-rata distribution from Nechio & Novak to its members, and are now owned directly. In prior reports, the reporting person reported indirect beneficial ownership of all 5,317,653 shares of the Issuer's common stock held by Nechio & Novak, LLC, and disclaimed beneficial ownership over such shares except to the extent of his pecuniary interest in such shares.