James W. Lanning - Nov 26, 2021 Form 4 Insider Report for INGLES MARKETS INC (IMKTA)

Role
CEO, President and COO, Director
Signature
/s/James W. Lanning
Stock symbol
IMKTA
Transactions as of
Nov 26, 2021
Transactions value $
-$769,841
Form type
4
Date filed
12/14/2021, 10:41 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMKTA Class A Common Stock Conversion of derivative security +9.94K 9.94K Nov 26, 2021 Ingles Markets Inc. Investment/Profit Sharing Plan Trust F1
transaction IMKTA Class A Common Stock Sale -$770K -9.94K -100% $77.48 0 Nov 26, 2021 Ingles Markets Inc. Investment/Profit Sharing Plan Trust
holding IMKTA Class A Common Stock 10K Nov 26, 2021 Direct

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 IMKTA Class B Common Stock Conversion of derivative security $0 -9.94K -100% $0.00* 0 Nov 26, 2021 Class A Common Stock 9.94K Ingles Markets Inc. Investment/Profit Sharing Plan Trust F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B Common Stock is convertible into an equal number of shares of Class A Common Stock at any time, at the holder's election, and has no expiration date. On November 26, 2021, the reporting person directed the sale of 9,936 shares of his Class B Common Stock, which were held within the Ingles Markets Inc. Investment/Profit Sharing Plan Trust, resulting in the automatic conversion of the shares into Class A Common Stock upon execution of the sale.