John Kenneth Paglia - Feb 26, 2024 Form 4 Insider Report for SPLASH BEVERAGE GROUP, INC. (SBEV)

Role
Director
Signature
/s/ John Paglia
Stock symbol
SBEV
Transactions as of
Feb 26, 2024
Transactions value $
$0
Form type
4
Date filed
3/7/2024, 05:30 PM
Previous filing
Feb 2, 2024
Next filing
May 2, 2024

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
transaction SBEV Stock options Award $0 +600K $0.00 600K Feb 26, 2024 Common stock 600K $0.53 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options were issued in connection with serving as a director on SBEV's board, pursuant to the 2020 Long-Term Incentive Compensation Plan. The options are subject to the following vesting schedule: (i) 200,000 shares vested upon execution of Dr. Paglia's offer letter, and (ii) the remaining 400,000 shares vesting 50,000 per quarter beginning May 23, 2024, and ending February 25, 2026. Should there be a change in control of the Company, the options will all immediately vest.
F2 Dr. Paglia's shares remain subject to termination in the event Dr. Paglia chooses to resign during the first 90 days of his tenure.
F3 The expiration date of the options is fixed at 2/26/2034 and is unaffected whether or not Dr. Paglia is engaged with the Company.