Eastside Distilling Form 4 / Michael Bigger ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Bigger Michael

(Last)

(First)

(Middle)

11700 W CHARLESTON BLVD 170-659

(Street)

LAS VEGAS

89135

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Eastside Distilling, Inc. [ EAST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/05/2024		S		296,722	D	$2.419⁽¹⁾	0	I	The B.A.D. Company, LLC⁽²⁾⁽³⁾
Common Stock	09/05/2024		C		757,369	A	$3.05	757,369	I	The B.A.D. Company, LLC⁽²⁾⁽³⁾
Common Stock	09/05/2024		S		157,369	D	$2.247⁽⁴⁾	600,000	I	The B.A.D. Company, LLC⁽²⁾⁽³⁾
Common Stock	09/05/2024		S		150,000	D	$2.276⁽⁵⁾	450,000	I	The B.A.D. Company, LLC⁽²⁾⁽³⁾
Common Stock	09/05/2024		S		150,000	D	$1.999⁽⁶⁾	300,000	I	The B.A.D. Company, LLC⁽²⁾⁽³⁾
Common Stock	09/05/2024		S		150,000	D	$1.81⁽⁷⁾	150,000	I	The B.A.D. Company, LLC⁽²⁾⁽³⁾
Common Stock	09/05/2024		S		150,000	D	$1.448⁽⁸⁾	0	I	The B.A.D. Company, LLC⁽²⁾⁽³⁾
Common Stock								4,808	I	Bigger Capital Fund, LP⁽²⁾⁽⁹⁾
Common Stock								4,808	I	District 2 Capital Fund LP⁽²⁾⁽¹⁰⁾

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Series C Preferred Stock	$3.05	09/05/2024		C			82,414	⁽¹¹⁾	⁽¹¹⁾	Common Stock	757,369	$0	117,586	I	The B.A.D. Company, LLC⁽²⁾⁽³⁾
Amended and Restated Secured Convertible Promissory Note	$3.05							09/29/2023	03/31/2025	Common Stock	65,458		65,458	I	Bigger Capital Fund, LP⁽²⁾⁽⁹⁾
Amended and Restated Secured Convertible Promissory Note	$3.05							09/29/2023	03/31/2025	Common Stock	65,458		65,458	I	District 2 Capital Fund LP⁽²⁾⁽¹⁰⁾
Amended and Restated Warrant	$33.08							09/29/2023	09/29/2028	Common Stock	22,500		22,500	I	Bigger Capital Fund, LP⁽²⁾⁽⁹⁾
Amended and Restated Warrant	$33.08							09/29/2023	09/29/2028	Common Stock	22,500		22,500	I	District 2 Capital Fund LP⁽²⁾⁽¹⁰⁾

1. Name and Address of Reporting Person^*

Bigger Michael

(Last)

(First)

(Middle)

11700 W CHARLESTON BLVD 170-659

(Street)

LAS VEGAS

89135

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

BIGGER CAPITAL FUND L P

(Last)

(First)

(Middle)

159 JENNINGS RD

(Street)

COLD SPRING HARBOR

11724

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Bigger Capital Fund GP, LLC

(Last)

(First)

(Middle)

11700 W CHARLESTON BLVD 170-659

(Street)

LAS VEGAS

89135

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

District 2 Capital Fund LP

(Last)

(First)

(Middle)

14 WALL STREET

2ND FLOOR

(Street)

HUNTINGTON

11743

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

District 2 Capital LP

(Last)

(First)

(Middle)

175 W CARVER STREET

(Street)

HUNTINGTON

11743

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

District 2 GP LLC

(Last)

(First)

(Middle)

14 WALL STREET

2ND FLOOR

(Street)

HUNTINGTON

11743

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

District 2 Holdings LLC

(Last)

(First)

(Middle)

14 WALL STREET

2ND FLOOR

(Street)

HUNTINGTON

11743

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

B.A.D. Company, LLC

(Last)

(First)

(Middle)

11700 W CHARLESTON BLVD 170-659

(Street)

LAS VEGAS

89135

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Bigger Capital, LLC

(Last)

(First)

(Middle)

11700 W CHARLESTON BLVD 170-659

(Street)

LAS VEGAS

89135

(City)

(State)

(Zip)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.38 to $2.505.

2. The Reporting Persons listed on this Form 4 may be deemed members of a group holding equity securities of the Issuer. This filing shall not be deemed to be an affirmation that such a group exists for purposes of the Securities Exchange Act of 1934, as amended, or for any other purpose or that any such Reporting Person is a beneficial owner of securities of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

3. These securities are directly held by The B.A.D. Company, LLC ("B.A.D"). The members of B.A.D. are Bigger Capital Fund, LP ("Bigger Capital"), District 2 Capital Fund LP ("District 2 CF") and other entities. The Manager of B.A.D. is Bigger Capital, LLC, which has voting and dispositive power over the securities directly held by B.A.D. Michael Bigger, as the managing member of Bigger Capital, LLC, may be deemed to beneficially own the securities owned by B.A.D.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.12 to $2.34.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.17 to $2.35.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.84 to $2.19.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.41 to $1.93.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.38 to $1.48.

9. These securities are directly held by Bigger Capital. Bigger Capital Fund GP, LLC ("Bigger GP"), as the general partner of Bigger Capital, may be deemed to beneficially own the securities directly held by Bigger Capital. Michael Bigger, as the managing member of Bigger GP, may be deemed to beneficially own the securities held directly by Bigger Capital.

10. These securities are directly held by District 2 CF. District 2 Capital LP ("District 2"), as the investment manager of District 2 CF, may be deemed to beneficially own the securities directly held by District 2 CF. District 2 GP LLC ("District 2 GP"), as the general partner of District 2 CF, may be deemed to beneficially own the securities direclty held by District 2 CF. District 2 Holdings LLC ("District 2 Holdings"), as the managing member of District 2 GP, may be deemed to beneficially own the securities held by District 2 CF. Michael Bigger, as the managing member of District 2 Holdings, may be deemed to beneficially own the securities owned by District 2 CF.

11. The Series C Preferred Stock is convertible at any time, at the holder's election, and has no expiration date.

	/s/ Michael Bigger	10/10/2024
	Bigger Capital Fund, LP, By: Bigger Capital Fund GP, LLC, its general partner, By: /s/ Michael Bigger, Managing Member	10/10/2024
	Bigger Capital Fund GP, LLC, By: /s/ Michael Bigger, Managing Member	10/10/2024
	District 2 Capital Fund LP, By: District 2 GP LLC, its general partner, By: District 2 Holdings LLC, its managing member, By: /s/ Michael Bigger, Managing Member	10/10/2024
	District 2 Capital LP, By: District 2 Holdings LLC, its general partner, By: /s/ Michael Bigger, Managing Member	10/10/2024
	District 2 GP LLC, By: District 2 Holdings LLC, its managing member, By: /s/ Michael Bigger, Managing Member	10/10/2024
	District 2 Holdings LLC, By: /s/ Michael Bigger, Managing Member	10/10/2024
	The B.A.D. Company, LLC, By: Bigger Capital, LLC, its manager, By: /s/ Michael Bigger, Managing Member	10/10/2024
	Bigger Capital, LLC, By: /s/ Michael Bigger, Managing Member	10/10/2024
	** Signature of Reporting Person	Date
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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Eastside Distilling (EAST) Form 4Eastside Distilling / Michael Bigger ownership change