Cynthia Croatti - Feb 4, 2022 Form 4 Insider Report for UNIFIRST CORP (UNF)

Role: Director, 10%+ Owner
Signature: /s/ Steven S. Sintros, Attorney-in-Fact
Stock symbol: UNF
Transactions as of: Feb 4, 2022
Transactions value $: -$118,530
Form type: 4
Date filed: 2/8/2022, 03:18 PM
Previous filing: Feb 2, 2022
Next filing: Feb 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UNF	Common Stock	Options Exercise	$209K	+2K	+63.45%	$104.67	5.15K	Feb 4, 2022	Direct
transaction	UNF	Common Stock	Options Exercise	$246K	+1.57K	+30.55%	$156.05	6.73K	Feb 4, 2022	Direct
transaction	UNF	Common Stock	Options Exercise	$249K	+1.63K	+24.29%	$152.38	8.36K	Feb 4, 2022	Direct
transaction	UNF	Common Stock	Options Exercise	$320K	+1.92K	+22.95%	$166.94	10.3K	Feb 4, 2022	Direct
transaction	UNF	Common Stock	Disposed to Issuer	-$1.14M	-6.24K	-60.75%	$183.03	4.04K	Feb 4, 2022	Direct
holding	UNF	Common Stock						68.5K	Feb 4, 2022	By LLC	F1

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	UNF	Stock Appreciation Right	Options Exercise	$0	-2K	-100%	$0.00^*	0	Feb 4, 2022	Common Stock ($0.10 par value)	2K	$104.67	Direct
transaction	UNF	Stock Appreciation Right	Options Exercise	$0	-1.57K	-100%	$0.00^*	0	Feb 4, 2022	Common Stock ($0.10 par value)	1.57K	$156.05	Direct	F2
transaction	UNF	Stock Appreciation Right	Options Exercise	$0	-1.63K	-100%	$0.00^*	0	Feb 4, 2022	Common Stock ($0.10 par value)	1.63K	$152.38	Direct	F3
transaction	UNF	Stock Appreciation Right	Options Exercise	$0	-1.92K	-100%	$0.00^*	0	Feb 4, 2022	Common Stock ($0.10 par value)	1.92K	$166.94	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Cynthia Croatti is the manager of Trilogy Investment Partners LLC, which as of the date of filing this report, directly owns the reported securities. Cynthia Croatti disclaims beneficial ownership of these reported securities, except to the extent of her pecuniary interest therein, if any, and this report shall not be deemed an admission that she is the beneficial owner of the securities for purposes of Section 16 or any other purpose.
F2	80% of this stock appreciation right, granted under the 2010 Plan, was vested and exercisable on January 31, 2022. The remaining 20% became vested and exercisable upon her retirement date of February 1, 2022.
F3	60% of this stock appreciation right, granted under the 2010 Plan, was vested and exercisable on January 31, 2022. The remaining 40% became vested and exercisable upon her retirement date of February 1, 2022.
F4	20% of this stock appreciation right, granted under the 2010 Plan, was vested and exercisable on January 31, 2022. The remaining 80% became vested and exercisable upon her retirement date of February 1, 2022.