Form 4 for UTZ Utz Brands, Inc.
Accepted 2024-11-12 00:00:00 ET · period of report 2024-11-07 · accession 0001104659-24-116907 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-11-12 | 2024-11-07 | UTZ | Series R of UM Partners, LLC | 10% | C - Cnv Deriv | $0.00 | +150.0K | 300.0K | +100% | $0 |
| D | 2024-11-12 | 2024-11-07 | UTZ | Series R of UM Partners, LLC | 10% | J - Other | $0.00 | -150.0K | 8.60M | -2% | $0 |
| D | 2024-11-12 | 2024-11-07 | UTZ | Series R of UM Partners, LLC | 10% | C - Cnv Deriv | $0.00 | -150.0K | 8.60M | -2% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-11-07 | C | A | 150,000 | $0.00 | 300,000 | D | — | — | (F1) These securities are solely owned by Series R of UM Partners, LLC, who is a member of a "group" with Series U of UM Partners, LLC for purposes of Section 13(d) of the Exchange Act. (F2) Reflects an exchange of Common Company Units together with the surrender and cancellation of the same number of Class V Common Stock for an equal number of shares of Class A Common Stock, pursuant to the Third Amended and Restated Limited Liability Company Agreement of Utz Brands Holdings, LLC (the "LLC Agreement"). Transactions are exempt from Section 16(b) in reliance on Rule 16b-6(b). |
| 2 | Common | Class V Common Stock | 2024-11-07 | J | D | 150,000 | $0.00 | 8,602,350 | D | — | — | (F1) These securities are solely owned by Series R of UM Partners, LLC, who is a member of a "group" with Series U of UM Partners, LLC for purposes of Section 13(d) of the Exchange Act. (F3) These shares of Class V Common Stock of the Issuer provide no economic rights in the Issuer to the holder thereof. However, each holder of Class V Common Stock is entitled to vote as a common stockholder of the Issuer, with the number of votes equal to the number of shares of Class V Common Stock held at the time of such vote. (F2) Reflects an exchange of Common Company Units together with the surrender and cancellation of the same number of Class V Common Stock for an equal number of shares of Class A Common Stock, pursuant to the Third Amended and Restated Limited Liability Company Agreement of Utz Brands Holdings, LLC (the "LLC Agreement"). Transactions are exempt from Section 16(b) in reliance on Rule 16b-6(b). |
| 3 | Derivative | Company Common Units | 2024-11-07 | C | D | 150,000 | $0.00 | 8,602,350 | D | — · — to — | 150,000 Class A Common Stock | (F1) These securities are solely owned by Series R of UM Partners, LLC, who is a member of a "group" with Series U of UM Partners, LLC for purposes of Section 13(d) of the Exchange Act. (F2) Reflects an exchange of Common Company Units together with the surrender and cancellation of the same number of Class V Common Stock for an equal number of shares of Class A Common Stock, pursuant to the Third Amended and Restated Limited Liability Company Agreement of Utz Brands Holdings, LLC (the "LLC Agreement"). Transactions are exempt from Section 16(b) in reliance on Rule 16b-6(b). (F4) These Common Company Units represent non-voting limited liability company interests of Utz Brands Holdings, LLC pursuant to the terms of the LLC Agreement. These units may be exchanged at the discretion of the holder for shares of Class A Common Stock on a one-for-one basis pursuant to, and subject to certain limitations set forth in, the LLC Agreement. |