Andrew Wilson Jacobs - Jun 4, 2021 Form 4 Insider Report for Hostess Brands, Inc. (TWNK)

Role
Executive Vice President, Chief Customer & Experience Officer
Signature
/s/ Jolyn J. Sebree, Attorney-in-Fact
Stock symbol
TWNK
Transactions as of
Jun 4, 2021
Transactions value $
-$147,658
Form type
4
Date filed
6/8/2021, 08:00 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWNK Class A Common Stock, par value $0.0001 per share Options Exercise $209K +15K +17% $13.95 103K Jun 4, 2021 Direct
transaction TWNK Class A Common Stock, par value $0.0001 per share Options Exercise $1.24M +78.7K +76.27% $15.78 182K Jun 4, 2021 Direct
transaction TWNK Class A Common Stock, par value $0.0001 per share Options Exercise $797K +70.2K +38.57% $11.35 252K Jun 4, 2021 Direct
transaction TWNK Class A Common Stock, par value $0.0001 per share Options Exercise $266K +19.2K +7.6% $13.90 271K Jun 4, 2021 Direct
transaction TWNK Class A Common Stock, par value $0.0001 per share Sale -$2.66M -167K -61.47% $15.96 105K Jun 4, 2021 Direct F1
holding TWNK Restricted Stock Units 72.8K Jun 4, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TWNK Stock Options Options Exercise $0 -15K -75% $0.00 5K Jun 4, 2021 Class A Common Stock 15K $13.95 Direct F3
transaction TWNK Stock Options Options Exercise $0 -78.7K -100% $0.00* 0 Jun 4, 2021 Class A Common Stock 78.7K $15.78 Direct F4
transaction TWNK Stock Options Options Exercise $0 -70.2K -66.67% $0.00 35.1K Jun 4, 2021 Class A Common Stock 70.2K $11.35 Direct F5
transaction TWNK Stock Options Options Exercise $0 -19.2K -33.33% $0.00 38.3K Jun 4, 2021 Class A Common Stock 19.2K $13.90 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the weighted average price of sales on June 4, 2021. The shares were sold in multiple transactions at prices ranging from $15.90 to $16.12, inclusive. The reporting person undertakes to provide to Hostess Brands, Inc., any security holder of Hostess Brands, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F2 Consists of previously disclosed restricted stock units that remain subject to time-based vesting criteria.
F3 Such options vested in equal or nearly equal installments on December 6 of each of 2018, 2019, and 2020 and became exercisable upon vesting. The remaining stock options will vest on December 6, 2021.
F4 All of such options vested in equal or nearly equal installments on November 4, 2017, 2018, 2019 and 2020 and became exercisable upon vesting.
F5 Such options vested in equal or nearly equal installments on January 11 of each of 2020 and 2021 and became exercisable upon vesting. The remaining stock options will vest on January 11, 2022.
F6 Such options vested and became exercisable on January 21, 2021. The remaining stock options will vest in equal or nearly equal installments on January 11 of each of 2022 and 2023.

Remarks:

Executive Vice President, Chief Customer & Experience Officer