Sec Form 4 Filing - Block Paul @ Eastside Distilling, Inc. - 2020-09-18

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 Block Paul 2. Issuer Name and Ticker or Trading Symbol Eastside Distilling, Inc. [ EAST] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chairman & CEO (Last) (First) (Middle) 22 BURR FARMS ROAD 3. Date of Earliest Transaction (MM/DD/YY) 09/18/2020 (Street) WESTPORT,, CT06880 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 Common Stock 09/18/2020 F( 1 ) 11,956 D $ 1.35 152,954 D Common Stock 10/30/2020 F( 2 ) 11,956 D $ 1.3 140,998 D Common Stock 11/27/2020 F( 3 ) 10,726 D $ 1.78 130,272 D Common Stock 12/24/2020 F( 4 ) 10,726 D $ 1.36 119,546 D Common Stock 03/31/2021 M( 5 ) 27,320 A $ 0 ( 6 ) 148,866 D Common Stock 03/31/2021 M( 7 ) 9,107 A $ 0 ( 6 ) 155,973 D Common Stock 03/31/2021 F( 8 ) 12,064 D $ 1.83 143,909 D Common Stock 05/19/2021 P 20,000 A $ 1.79 163,909 D

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 Restricted Stock Units ( 9 ) 01/19/2021 A 03/31/2021( 8 ) 12/31/2023( 8 ) Common Stock $ 200,000 $ 0 ( 6 ) $ 300,000 D Restricted Stock Units $ 1.83 03/31/2021 M 03/31/2021( 10 ) 06/30/2021( 10 ) Common Stock 27,320 ( 9 ) $ 250,000 D Restricted Stock Units $ 1.83 03/31/2021 M 03/31/2021( 8 ) 12/31/2023( 8 ) Common Stock 9,107 ( 9 ) $ 233,333 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Block Paul 22 BURR FARMS ROAD WESTPORT,, CT06880 X Chairman & CEO Signatures /s/ Paul Block 05/21/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Pursuant to that certain Executive Employment Agreement between Eastside Distilling, Inc. (the "Issuer") and Paul R. Block, which was executed on July 7, 2020 (the "Employment Agreement"), Mr. Block is entitled to receive 31,250 shares of common stock each month beginning July 2020 and continuing through December 2020, which shares will be issued under the Issuer's 2016 Equity Incentive Plan (the "Plan"). The reporting person is reporting the withholding by the Issuer of an aggregate of 11,956 shares of common stock (from the 31,250 shares of common stock that vested on September 18, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations. ( 2 )The reporting person is reporting the withholding by the Issuer of an aggregate of 11,956 shares of common stock (from the 31,250 shares of common stock that vested on October 30, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations. ( 3 )The reporting person is reporting the withholding by the Issuer of an aggregate of 10,726 shares of common stock (from the 31,250 shares of common stock that vested on November 27, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations. These shares were not actually issued and withheld until January 11, 2021. ( 4 )The reporting person is reporting the withholding by the Issuer of an aggregate of 10,726 shares of common stock (from the 31,250 shares of common stock that vested on December 24, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations. These shares were not actually issued and withheld until January 11, 2021. ( 5 )Represents settlement upon vesting of restricted stock units ("RSUs") that were awarded on July 10, 2020. These shares were not actually issued until March 31, 2021. ( 6 )Awarded pursuant to the Plan. Each RSU represents the right to receive shares of common stock upon settlement for no consideration. ( 7 )Represents settlement upon vesting of restricted stock units ("RSUs") that were awarded on January 19, 2021. These shares were not actually issued until March 31, 2021. ( 8 )The reporting person is reporting the withholding by the Issuer an aggregate of 12,064 shares of common stock that vested on March 31, 2021 but that were not issued in order to satisfy the reporting person's tax withholding obligations in connection with the delivery of common stock to the reporting person upon vesting of RSUs. These shares were not actually issued and withheld until March 31, 2021. ( 9 )Pursuant to the Employment Agreement, on January 19, 2021, the Compensation Committee of the Issuer's Board of Directors awarded the reporting person $200,000 in value of RSUs, (1/12) of which will be earned and vested on each of March 31, June 30, September 30 and December 31, beginning March 31, 2021 and ending December 31, 2023, if the reporting person remains employed on the applicable quarterly vesting date. ( 10 )Pursuant to the Employment Agreement, on July 7, 2020, the Compensation Committee of the Issuer's Board of Directors awarded the reporting person $100,000 in value of RSUs, (1/2) of which will be earned and vested on each of March 31, 2021 and June 30, 2021, if the reporting person remains employed on the applicable quarterly vesting 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).

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