SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Roberts Ellery

(Last)

(First)

(Middle)

C/O 1847 HOLDINGS LLC

590 MADISON AVENUE, 21ST FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
1847 Holdings LLC [ EFSH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
05/17/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Rule 10b5-1(c) Transaction Indication

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	05/17/2023		X		917	A	⁽¹⁾	376,917	D
Common Shares	05/17/2023		S⁽²⁾		362	D	⁽¹⁾	376,555	D
Common Shares	05/17/2023		X		7,084	A	⁽¹⁾	383,639	D
Common Shares	05/17/2023		S⁽³⁾		2,726	D	⁽¹⁾	380,913	D
Common Shares	05/17/2023		X		4,167	A	⁽¹⁾	385,080	D
Common Shares	05/17/2023		S⁽⁴⁾		1,515	D	⁽¹⁾	383,565	D
Common Shares	05/17/2023		X		2,392	A	⁽¹⁾	385,957	D
Common Shares	05/17/2023		S⁽⁵⁾		868	D	⁽¹⁾	385,089	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrant to Purchase Common Shares	⁽¹⁾	05/17/2023		X			917	02/24/2022	02/24/2025	Common Shares	917	$0	0	D
Warrant to Purchase Common Shares	⁽¹⁾	05/17/2023		X			7,084	04/20/2022	04/20/2025	Common Shares	7,084	$0	0	D
Warrant to Purchase Common Shares	⁽¹⁾	05/17/2023		X			4,167	05/12/2022	05/12/2025	Common Shares	4,167	$0	0	D
Warrant to Purchase Common Shares	⁽¹⁾	05/17/2023		X			2,392	05/19/2022	05/19/2025	Common Shares	2,392	$0	0	D

Explanation of Responses:

1. On May 17, 2023, the warrants held by the reporting person were exercised on a cashless basis in accordance with a "forced exercise" provision, pursuant to which the warrants were exercised on a cashless basis for a number of common shares equal to the quotient of (i) eighty percent (80%) of the Black Scholes Value of the warrants divided by (ii) the exercise price of the warrants of $0.5948.

2. In accordance with the cashless exercise, 362 of the warrant shares were withheld to pay the exercise price and the reporting person was issued the remaining 555 shares.

3. In accordance with the cashless exercise, 2,726 of the warrant shares were withheld to pay the exercise price and the reporting person was issued the remaining 4,358 shares.

4. In accordance with the cashless exercise, 1,515 of the warrant shares were withheld to pay the exercise price and the reporting person was issued the remaining 2,652 shares.

5. In accordance with the cashless exercise, 868 of the warrant shares were withheld to pay the exercise price and the reporting person was issued the remaining 1,524 shares.

	/s/ Ellery W. Roberts	06/08/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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