Joseph S. Steinberg Increases Stake in Crimson Wine Group, Ltd. to 16.7% via Open Market Purchases

Joseph S. Steinberg filed Amendment No. 5 to his Schedule 13D for Crimson Wine Group, Ltd. (CWGL) to report an increase in his beneficial ownership. On November 20, 2025, Mr. Steinberg purchased 106,308 shares on the open market at a weighted average price of $4.96 per share. Additionally, he acquired 7,474 shares on May 22, 2026, at $4.05 per share. Following these transactions, Mr. Steinberg beneficially owns a total of 3,429,140 shares, representing approximately 16.7% of the company's outstanding common stock. This ownership includes 3,058,638 shares held with sole voting and dispositive power, and 370,502 shares held with shared power through various family and charitable trusts. The filing notes that the purchase on November 20, 2025, alone increased his ownership percentage by approximately 1.1% compared to his previous report in Amendment No. 4. Mr. Steinberg disclaims pecuniary interest in certain shares held by family and charitable trusts included in the total.