IPST · Heritage Distilling Holding Company, Inc.

The resignation of Troy Alstead and appointment of Brian C. Jun represent a strategic refresh of IP Strategy’s Board composition, emphasizing deepening domain expertise in digital assets and tax compliance—core to the Company’s $IP token reserve strategy and Story Blockchain validator role. Alstead served only since November 25, 2024—the IPO date—and his departure reflects capacity constraints across multiple public company board commitments, not operational or governance concerns. Jun’s immediate appointment strengthens oversight in high-priority areas: he chairs the Nominating and Corporate Governance Committee and joins the Audit Committee, complementing existing financial expertise (e.g., Christopher H. Smith as Audit Committee Chair). His background—CFO of Gurufin, prior Deloitte Blockchain Tax leadership, and direct advisory work for IP Strategy—signals alignment with the Company’s mission to build compliant, rights-aligned AI ecosystems anchored in programmable IP. While not a C-suite executive change, this director-level shift carries meaningful governance weight given IPST’s novel treasury model and regulatory exposure in crypto-adjacent finance.