Summary by Moomoo AI
On August 21, 2023, Jatinder Dhaliwal, a director and 10% owner of LQR House Inc., filed an Initial Statement of Beneficial Ownership of Securities with the SEC, disclosing the beneficial ownership of derivative securities. Specifically, Dhaliwal reported owning 500 restricted stock units (RSUs) of LQR House, which were granted to him in August 2023 as part of his independent director agreement. These RSUs are set to convert into common stock shares in eight equal quarterly installments, starting when the company's 2021 Stock Option and Incentive Plan is amended. The filing, completed on April 11, 2024, is a requirement under Section 16(a) of the Securities Exchange Act of 1934 and is a standard procedure for directors and significant shareholders to report their holdings in the company.