What changed in this filing

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Item 1A. Risk Factors

2026-03-24 compared with 2025-03-25 · 27 added, 36 removed, 270 unchanged (19% of the section changed)

21 unchanged sentences

to our other vineyards.

Pierces Disease is a vine bacterial disease.

It kills grapevines and there is no known cure.

Small insects

called Sharpshooters spread this disease.

A new strain of the Sharpshooter was discovered in Southern California and is believed to be

migrating north.

The Company is actively supporting the efforts of the agricultural industry to control this pest and is making every

reasonable effort to prevent an infestation in its own vineyards.

The Company cannot, however, guarantee that it will succeed in preventing

contamination in its vineyards.

Additionally, any future government restrictions created in connection with government attempts to combat

phylloxera, GRBV or other pests or viruses may increase vineyard costs and/or reduce production.

Additionally, any future government restrictions created in connection with government attempts to combat phylloxera,

GRBV or other pests or viruses may increase vineyard costs and/or reduce production.

operations are susceptible to changing weather patterns and other environmental factors

26 unchanged sentences

or more of these key employees, including James W.

Bernau, our President and Chief Executive Officer and John Ferry, our Chief Financial

Officer could harm the Company and its reputation and negatively impact its profitability, particularly if one or more of the Companys

key employees resigns to join a competitor or to form a competing company.

Bernau, our President, John Ferry, our Chief Financial Officer and Mike Osborn, our

Chief Executive Officer could harm the Company and its reputation and negatively impact its profitability, particularly if one or more

of the Companys key employees resigns to join a competitor or to form a competing company.

Companys ability to operate requires adequate funding

146 unchanged sentences

of Oregon and Washington and, in November 2015, achieved listing status for the Preferred Stock on NASDAQ under the trading symbol WVVIP.

The terms of our Preferred Stock are unusual for a company of our size, and we believe the structure of these securities and of the offering

is not commonplace among issuers.

Federal and state securities laws impose significant liabilities on issuers of securities if the related

offering documents contain material misstatements of fact, or if the documents omit to state facts necessary, in light of the circumstances

as a whole, to prevent the documents from being misleading.

These liabilities can include rescission liability to the purchasers of the

securities, as well as potential enforcement liability that could give rise to civil money penalties.

Securities litigation can be extraordinarily

expensive and protracted, and if we are accused of misstatements or omissions in our offering documents, we may face economic harms and

management distractions regardless of the ultimate outcome of any such litigation.

Further, if we ultimately are adjudged to have actually

made a material misstatement or omission, the Company may be liable for the repayment of the purchase price of the related securities,

plus interest from the date of purchase.

Any one or more of these events or circumstances would have a material adverse impact upon our

business, financial condition or results of operations, and may make it more difficult or more expensive to undertake capital-raising

efforts in the future.

Subsequent to this date, the Company completed an additional 11 offerings of Preferred Stock, in each case pursuant to a registration

statement, filed with and declared effective by, the SEC.

The terms of our Preferred Stock are unusual for a company of our size, and

we believe the structure of these securities and of the offering is not commonplace among issuers.

Federal and state securities laws

impose significant liabilities on issuers of securities if the related offering documents contain material misstatements of fact, or

if the documents omit to state facts necessary, in light of the circumstances as a whole, to prevent the documents from being misleading.

These liabilities can include rescission liability to the purchasers of the securities, as well as potential enforcement liability that

could give rise to civil money penalties.

Securities litigation can be extraordinarily expensive and protracted, and if we are accused

of misstatements or omissions in our offering documents, we may face economic harms and management distractions regardless of the ultimate

outcome of any such litigation.

Further, if we ultimately are adjudged to have actually made a material misstatement or omission, the

Company may be liable for the repayment of the purchase price of the related securities, plus interest from the date of purchase.

one or more of these events or circumstances would have a material adverse impact upon our business, financial condition or results of

operations, and may make it more difficult or more expensive to undertake capital-raising efforts in the future.

Company may be unable to pay accumulated dividends on its Preferred Stock.

70 unchanged sentences

a provision that special meetings of our Board may

be called only by our chief executive officer or at the request of holders of not less than half of all outstanding shares of our Common

a provision that any member of the Board, or the entire Board, may be removed from office only for cause;

and a provision that

our stockholders comply with advance-notice provisions to bring director nominations or other matters before meetings of our stockholders.

The Board may implement other changes that further limit the potential for tender offers or takeover attempts.

be called only by our President or at the request of holders of not less than half of all outstanding shares of our Common Stock;

that any member of the Board, or the entire Board, may be removed from office only for cause;

and a provision that our stockholders comply

with advance-notice provisions to bring director nominations or other matters before meetings of our stockholders.

The Board may implement

other changes that further limit the potential for tender offers or takeover attempts.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1A. Risk Factors