Willamette Valley director gets 11,500 restricted shares

Willamette Valley Vineyards director James L. Ellis received an equity award of 11,500 shares of restricted stock as compensation.

Rhea-AI Filing Summary

Willamette Valley Vineyards director James L. Ellis received an equity award of 11,500 shares of restricted stock as compensation. These shares convert into common stock over time, giving him a larger direct stake in the company.

According to the grant terms, 3,834 restricted shares vest on May 12, 2027, 3,833 vest on May 12, 2028, and the remaining 3,833 vest on May 12, 2029, in each case only if he continues serving as a director. All 11,500 restricted shares will vest immediately if a "Change in Control" occurs as defined in the company’s 2025 Omnibus Equity Incentive Plan.

Insider Trade Summary

Grant/Award: 11,500 shares

Grant/Award 1 txn

Insider Ellis James L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock	11,500	$0.00	$0.00

Holdings After Transaction: Restricted Stock — 11,500 contracts (Direct)

Footnotes (1)

1. F1. On May 12, 2026, the reporting person was granted 11,500 restricted shares, of which 3,834 restricted shares shall vest on May 12, 2027, an additional 3,833 restricted shares shall vest on May 12, 2028, and the remaining 3,833 restricted shares are scheduled to vest on May 12, 2029, in each case subject to the reporting person continuing to serve as a director on the board of directors of Willamette Valley Vineyards Inc. (the "Company"). All such restricted shares shall immediately vest upon the occurrence of a "Change in Control" as defined in the Company's 2025 Omnibus Equity Incentive Plan.

Key Figures

Restricted stock granted: 11,500 shares First vesting tranche: 3,834 shares Second vesting tranche: 3,833 shares +2 more

5 metrics

Restricted stock granted 11,500 shares Grant to director James L. Ellis on May 12, 2026

First vesting tranche 3,834 shares Scheduled to vest on May 12, 2027

Second vesting tranche 3,833 shares Scheduled to vest on May 12, 2028

Third vesting tranche 3,833 shares Scheduled to vest on May 12, 2029

Shares owned after grant 11,500 shares Total restricted stock following the reported transaction

Key Terms

Restricted Stock, Change in Control, 2025 Omnibus Equity Incentive Plan

3 terms

Restricted Stock financial

"the reporting person was granted 11,500 restricted shares"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Change in Control financial

"All such restricted shares shall immediately vest upon the occurrence of a "Change in Control""

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

2025 Omnibus Equity Incentive Plan financial

"as defined in the Company's 2025 Omnibus Equity Incentive Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did James L. Ellis acquire in this Willamette Valley Vineyards (WVVI) Form 4?

James L. Ellis received an award of 11,500 shares of restricted stock. These are compensation-related shares that convert into common stock as they vest over several future dates, aligning his interests with shareholders.

How many Willamette Valley Vineyards (WVVI) restricted shares vest each year for Ellis?

Of the 11,500 restricted shares, 3,834 vest on May 12, 2027, 3,833 vest on May 12, 2028, and 3,833 vest on May 12, 2029. Each vesting is conditioned on his continued service as a director.

What conditions must be met for James L. Ellis’s WVVI restricted stock to vest?

Each tranche of restricted shares vests only if Ellis continues to serve as a director on the board on the relevant vesting date. This structure encourages ongoing board service and long-term alignment with the company’s performance.

What happens to Ellis’s WVVI restricted shares if there is a Change in Control?

All 11,500 restricted shares immediately vest upon a "Change in Control" as defined in Willamette Valley Vineyards’ 2025 Omnibus Equity Incentive Plan. This accelerates vesting if the company undergoes a qualifying control transaction.

Is Ellis’s WVVI Form 4 transaction an open-market buy or sell of shares?

No, this Form 4 shows a grant of restricted stock, not an open-market trade. The shares were awarded at no cash cost to Ellis as equity compensation tied to his service as a director over time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 04:28 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ellis James L

(Last) (First) (Middle)

8800 ENCHANTED WAY SE

(Street)

TURNER OREGON 97392

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WILLAMETTE VALLEY VINEYARDS INC [ WVVI ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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

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

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

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)
			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 (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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock	$0	05/12/2026		A		11,500		(1)	(1)	Common Stock	11,500	$0	11,500	D

Explanation of Responses:

1. On May 12, 2026, the reporting person was granted 11,500 restricted shares, of which 3,834 restricted shares shall vest on May 12, 2027, an additional 3,833 restricted shares shall vest on May 12, 2028, and the remaining 3,833 restricted shares are scheduled to vest on May 12, 2029, in each case subject to the reporting person continuing to serve as a director on the board of directors of Willamette Valley Vineyards Inc. (the "Company"). All such restricted shares shall immediately vest upon the occurrence of a "Change in Control" as defined in the Company's 2025 Omnibus Equity Incentive Plan.

	/s/ James L. Ellis	05/26/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)