Matthew D. Murphy - Mar 17, 2023 Form 4 Insider Report for BOSTON BEER CO INC (SAM)

Role: CAO & Interim CFO
Signature: Matthew D. Murphy
Stock symbol: SAM
Transactions as of: Mar 17, 2023
Transactions value $: $17,679
Form type: 4
Date filed: 3/21/2023, 04:05 PM
Previous filing: Mar 2, 2023
Next filing: Mar 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAM	Class A Common	Award	$17.7K	+91	+3.05%	$194.28	3.07K	Mar 17, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares were purchased pursuant to the Issuer's Employee Equity Incentive Plan on March 17, 2023, with an effective grant date of March 1,2023. Under this plan, tenured employees may purchase restricted shares at a discounted price. These restricted shares vest in five equal installmentsover a five year period, provided that the Reporting Person remains employed by the Issuer as of the applicable vesting date. The first installment vestsone year from the grant date and the final installment vests five years from the grant date. These shares have no expiration date.
F2	The shares reported include 1,378 shares of restricted stock subject to vesting conditions.

Content

The shares were purchased pursuant to the Issuer's Employee Equity Incentive Plan on March 17, 2023, with an effective grant date of March 1,2023. Under this plan, tenured employees may purchase restricted shares at a discounted price. These restricted shares vest in five equal installmentsover a five year period, provided that the Reporting Person remains employed by the Issuer as of the applicable vesting date. The first installment vestsone year from the grant date and the final installment vests five years from the grant date. These shares have no expiration date.

The shares reported include 1,378 shares of restricted stock subject to vesting conditions.