Roger K. Deromedi - Feb 15, 2024 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Role
Director
Signature
/s/ Theresa R. Shea, as attorney-in-fact for Roger K. Deromedi
Stock symbol
UTZ
Transactions as of
Feb 15, 2024
Transactions value $
-$2,064,232
Form type
4
Date filed
2/20/2024, 08:47 PM
Previous filing
Feb 14, 2024
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTZ Class A Common Stock Sale -$612K -32.1K -0.9% $19.10 3.52M Feb 15, 2024 See Footnote F1, F2, F3
transaction UTZ Class A Common Stock Sale -$1.32M -69.3K -1.97% $19.02 3.45M Feb 16, 2024 See Footnote F1, F3, F4
transaction UTZ Class A Common Stock Sale -$134K -7.01K -0.2% $19.07 3.44M Feb 20, 2024 See Footnote F1, F3, F5
holding UTZ Class A Common Stock 17.7K Feb 15, 2024 Direct
holding UTZ Class A Common Stock 360K Feb 15, 2024 See Footnote F6
holding UTZ Class A Common Stock 650K Feb 15, 2024 See Footnote F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This sale was effected pursuant to a rule 10b5-1 Trading Plan adopted by the Reporting Person on 06/15/2023.
F2 The price reported in this box in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $19.00 to $19.185. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F3 The securities are held by the Roger K. Deromedi Revocable Trust 2/11/2000 Amended and Restated 11/09/2011 (The "Revocable Trust"). The Reporting Person holds voting and dispositive power over the Revocable Trust.
F4 The price reported in this box in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $19.00 to $19.20. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F5 The price reported in this box in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $19.04 to $19.12. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F6 The securities are held by the Roger K. Deromedi Irrevocable Generation Skipping Trust dated October 1, 2020, Sandra E. Deromedi, Trustee, FBO Sandra E. Deromedi (the "Irrevocable Trust"). To the extent permitted under applicable law, the Reporting Person disclaims beneficial ownership of the shares held by the Irrevocable Trust. The Reporting Person's spouse holds voting and dispositive power over the Irrevocable Trust.
F7 The securities are held by the Roger K. Deromedi Irrevocable Grantor Retained Annuity Trust (the "Grantor Annuity Trust"). The reporting Person holds voting and dispositive power over the Grantor Annuity Trust.