WVVI director granted 11,500 restricted shares

Smith Craig Alan reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 05/26/2026 - 04:52 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Smith Craig Alan reported acquisition or exercise transactions in this Form 4 filing.

Willamette Valley Vineyards director Craig Alan Smith received a grant of 11,500 restricted shares of common stock. The award vests in three annual installments: 3,834 shares on May 12, 2027, 3,833 shares on May 12, 2028, and 3,833 shares on May 12, 2029, contingent on his continued board service. All unvested shares will immediately vest upon a defined Change in Control under the company’s 2025 Omnibus Equity Incentive Plan.

Insider Trade Summary

Grant/Award: 11,500 shares

Grant/Award 1 txn

Insider Smith Craig Alan

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)

Holdings Before and After: Restricted Stock, 0 to 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 resticted 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 shares granted: 11,500 shares First vesting tranche: 3,834 shares Second vesting tranche: 3,833 shares +3 more

6 metrics

Restricted shares granted 11,500 shares Grant of restricted stock on May 12, 2026

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

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

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

Exercise/issue price $0.00 per share Restricted stock grant price

Shares held after grant 11,500 shares Total common stock underlying restricted shares after transaction

Key Terms

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

4 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

"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"

vesting financial

"restricted shares shall vest on May 12, 2027, an additional 3,833 restricted shares shall vest"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

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

What insider transaction did Willamette Valley Vineyards (WVVI) report for Craig Alan Smith?

Willamette Valley Vineyards reported a grant of 11,500 restricted shares to director Craig Alan Smith. The award represents equity-based compensation and is structured to vest over three years, aligning his interests with long-term company performance and continued board service.

How do Craig Alan Smith’s 11,500 restricted shares in WVVI vest over time?

The 11,500 restricted shares vest in three tranches: 3,834 shares on May 12, 2027, 3,833 shares on May 12, 2028, and 3,833 shares on May 12, 2029. Each vesting date requires Craig Alan Smith to continue serving as a director on the board.

What conditions must be met for Craig Alan Smith’s WVVI restricted shares to vest?

Each vesting portion of Craig Alan Smith’s restricted shares requires that he continue to serve as a director on Willamette Valley Vineyards’ board. If he meets this service condition through each anniversary date, the corresponding tranche of restricted shares becomes fully vested.

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

All of Craig Alan Smith’s unvested restricted shares will immediately vest upon a Change in Control, as defined in Willamette Valley Vineyards’ 2025 Omnibus Equity Incentive Plan. This accelerates vesting if the company experiences a qualifying control transaction or similar corporate event.

Is Craig Alan Smith’s Form 4 transaction in WVVI a purchase or a compensation grant?

The Form 4 transaction for Craig Alan Smith reflects a compensation grant, not an open-market purchase. He was awarded 11,500 restricted shares at a reported price of $0.00 per share as part of his director compensation under the company’s equity incentive plan.

How many WVVI shares does Craig Alan Smith hold after this restricted stock grant?

Following this restricted stock grant, Craig Alan Smith is reported as holding 11,500 shares of Willamette Valley Vineyards common stock underlying the restricted shares. These holdings are subject to the disclosed vesting schedule and potential acceleration upon a qualifying Change in Control event.

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

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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^*

Smith Craig Alan

(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 resticted 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/ Craig Alan Smith	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)