Form 4 for UTZ Utz Brands, Inc.
Accepted 2025-08-11 00:00:00 ET · period of report 2025-08-07 · accession 0001104659-25-076254 · 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 | 2025-08-11 | 2025-08-07 | UTZ | Chu Chinh | See Remarks | M - OptEx | — | +2.88M | 2.88M | New | — |
| D | 2025-08-11 | 2025-08-07 | UTZ | Chu Chinh | See Remarks | F - Tax | — | -2.36M | 524.7K | -82% | — |
| D | 2025-08-11 | 2025-08-07 | UTZ | Chu Chinh | See Remarks | M - OptEx | — | -2.88M | 0 | -100% | — |
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 | 2025-08-07 | M | A | 2,880,000 | — | 2,880,000 | D | — | — | (F2) Reflects the exercise of 2,880,000 warrants to purchase shares of Class A Common Stock of Utz Brands, Inc. (the "Issuer") on a cashless basis pursuant to the Warrant Agreement, dated as of October 4, 2018 (the "Warrant Agreement"), by and between Collier Creek Holdings and Continental Stock Transfer & Trust Company as assumed by the Issuer pursuant to that certain Assignment and Assumption Agreement, dated as of February 22, 2022, by and among the Issuer, Continental Stock Transfer & Trust Company, Equiniti Trust Company and the warrant holders named therein. The number of shares of Class A Common Stock issuable upon exercise of the warrants was determined in accordance with section 3.3.1(c) of the Warrant Agreement. (F1) The securities reported on this report are held directly by CC Collier Holdings, LLC ("CC Collier"). Chinh E. Chu holds voting and dispositive power over the securities held by CC Collier. |
| 2 | Common | Class A Common Stock | 2025-08-07 | F | D | 2,355,284 | — | 524,716 | D | — | — | (F3) Reflects the shares of Class A Common Stock "withheld" in connection with the cashless exercise. Pursuant to Section 3.3.1(c) of the Warrant Agreement, the price was calculated as the average last sale price of the shares for the ten trading days ending on the third trading day prior to the date on which notice of exercise of the warrants was sent to the warrant agent. (F1) The securities reported on this report are held directly by CC Collier Holdings, LLC ("CC Collier"). Chinh E. Chu holds voting and dispositive power over the securities held by CC Collier. |
| 3 | Derivative | Warrants to purchase Class A Common Stock | 2025-08-07 | M | D | 2,880,000 | — | 0 | D | $11.50 · 2020-09-27 to 2025-08-28 | 2,880,000 Class A Common Stock | (F2) Reflects the exercise of 2,880,000 warrants to purchase shares of Class A Common Stock of Utz Brands, Inc. (the "Issuer") on a cashless basis pursuant to the Warrant Agreement, dated as of October 4, 2018 (the "Warrant Agreement"), by and between Collier Creek Holdings and Continental Stock Transfer & Trust Company as assumed by the Issuer pursuant to that certain Assignment and Assumption Agreement, dated as of February 22, 2022, by and among the Issuer, Continental Stock Transfer & Trust Company, Equiniti Trust Company and the warrant holders named therein. The number of shares of Class A Common Stock issuable upon exercise of the warrants was determined in accordance with section 3.3.1(c) of the Warrant Agreement. (F1) The securities reported on this report are held directly by CC Collier Holdings, LLC ("CC Collier"). Chinh E. Chu holds voting and dispositive power over the securities held by CC Collier. |