John D. Cumming Increases Stake in Crimson Wine Group, Ltd. to 17.8%

John D. Cumming filed an amendment to Schedule 13D on June 1, 2026, reporting an increased stake in Crimson Wine Group, Ltd. (CWGL). On November 20, 2025, Mr. Cumming purchased 106,308 shares of common stock on the open market at a weighted average price of $4.96 per share. This transaction increased his beneficial ownership to 3,655,115 shares, representing approximately 17.8% of the company's outstanding common stock. Mr. Cumming's beneficial ownership includes 1,216,801 shares held directly and shared voting and dispositive power over 2,410,828 shares held by the Ian M. Cumming Charitable Lead Annuity Trust (CLAT) and 27,486 shares held by the Cumming Foundation. The filing was made jointly with David Cumming, the CLAT, and Teton Holdings Corporation CCS. David Cumming reported beneficial ownership of 2,438,314 shares (11.8%), while the CLAT and Teton Holdings each reported 2,410,828 shares (11.7%). The reporting persons disclaim pecuniary interest in shares held by the CLAT and the Cumming Foundation beyond their specific interests.