8-K: Current report
Published on March 14, 2022
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers. |
On March 11, 2022, Fresh Vine Wine, Inc. (the “Company”) granted Janelle Anderson, the Company’s Chief Executive Officer, a stock option to purchase up to 427,001 shares of the Company’s common stock (the “Option”). The Option, which was granted under the Company’s 2021 Equity Incentive Plan, has an exercise price equal to $3.47 per share (which is the closing price of the Company’s common stock on the date of grant), and will vest in three installments in amounts as nearly equal as possible on the six month, one year and two year anniversaries of the date of grant.
Pursuant to her employment agreement with the Company, Ms. Anderson was entitled to receive a 427,001 share stock option on the initial closing date of the Company’s initial public offering; however such stock option was not granted at the time of the initial public offering because the vesting criteria had not been established. The Option granted on March 11, 2022 is in lieu of (and not in addition to) the stock option contemplated by Ms. Anderson’s employment agreement.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description | |
| 10.1 | Stock Option Agreement dated as of March 11, 2022 by and between Fresh Vine Wine, Inc. and Janelle Anderson | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FRESH VINE WINE, INC. | ||
| Date: March 14, 2022 | By: | /s/ Elliot Savoie |
| Elliot Savoie | ||
| Chief Financial Officer | ||
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