Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 7, 2021, the Board of Directors (the "Board") of Duckhorn Portfolio,
Inc. (the "Company") appointed Adriel Lares to the Board. Mr. Lares' initial
term as a director will expire at the Company's 2023 Annual Meeting of
Stockholders. Mr. Lares will also serve on the Audit Committee of the Board. Mr.
Lares will replace Dan Costello on the Audit Committee, but Mr. Costello will
remain both a member of the Board and Committee Chair of the Nominating &
Corporate Governance Committee.
Adriel Lares brings with him a tenured track record of public and private
financial operations and reporting. Mr. Lares is currently the CFO of Stash, a
subscription platform empowering middle-class Americans to invest and build
wealth. He has served in that role since July 2021. Prior to that, Mr. Lares
served as the CFO of Fastly, Inc. Prior to Fastly, Inc., Mr. Lares served as an
advisor and CFO to Lookout, Inc., a mobile security firm. From September 2010 to
February 2012, Mr. Lares served as Business Unit Manager of 3PAR Inc., a data
storage and information storage software company. From January 2005 to September
2010, Mr. Lares served as Chief Financial Officer at 3PAR Inc., including during
3PAR's sale to Hewlett Packard. Mr. Lares has also served in various other
capacities at 3PAR, including company treasurer and director of finance. Mr.
Lares is a co-founder of Memento Mori, a Napa-based winery. Mr. Lares earned his
BA in Economics from Stanford University.
As a non-employee director, Mr. Lares will receive compensation in respect of
his service to the Company in accordance with the Company's non-employee
director compensation policy and consistent with the compensation paid to the
Company's other non-employee directors who are eligible to receive compensation
under such policy, as described in its Proxy Statement for the Fiscal 2022
Annual Meeting of Stockholders, as filed with the Securities and Exchange
Commission ("SEC") on November 23, 2021. In addition, as with all directors, the
Company entered into an Indemnification Agreement with Mr. Lares on December 8,
2021, the form of which is filed as Exhibit 10.5 to the Company's Annual Report
on Form 10-K for the year ended July 31, 2021, filed with the SEC on October 4,
2021.

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