Sec Form 4 Filing - Liuzza Nicholas Reyland JR @ Eastside Distilling, Inc. - 2025-02-21

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Liuzza Nicholas Reyland JR
2. Issuer Name and Ticker or Trading Symbol
Eastside Distilling, Inc. [ BLNE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO of Subsidiary
(Last) (First) (Middle)
79 WAPPING ROAD
3. Date of Earliest Transaction (MM/DD/YY)
02/21/2025
(Street)
PORTSMOUTH, RI02871
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series G Convertible Preferred Stock ( 1 ) $ 0.51 02/21/2025 A 1,063,057 ( 1 ) ( 2 ) Common Stock 1,063,057 ( 3 ) 5,680,704 D
Warrants to Purchase Common Stock $ 0.65 02/21/2025 A 531,528 ( 4 ) ( 4 ) Common Stock 531,528 ( 3 ) 2,840,352 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Liuzza Nicholas Reyland JR
79 WAPPING ROAD
PORTSMOUTH, RI02871
CEO of Subsidiary
Signatures
/s/ Nicholas Liuzza Jr. 02/21/2025
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents Series G Convertible Preferred Stock ("Series G") purchased by the Reporting Person pursuant to a Securities Purchase Agreement with the Issuer. The Series G is not convertible until after shareholder approval and votes on an as-converted basis beginning at that time.
( 2 )The preferred stock is perpetual and therefore has no expiration date.
( 3 )The Reporting Person paid a purchase price of $542,159 for the Series G and accompanying warrants.
( 4 )Represents common stock purchase warrants purchased pursuant to the Securities Purchase Agreement referred to in footnote (1). The warrants are not exercisable until after shareholder approval. The warrants have a term of five years from the date of issuance.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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