Jensen Kirk A. 4
4 · Sovos Brands, Inc. · Filed May 24, 2023
Insider Transaction Report
Form 4
Jensen Kirk A.
Chief Supply Chain Officer
Transactions
- Sale
Common Stock
2023-05-24$18.00/sh−21,657$389,826→ 338,901 total - Sale
Common Stock
2023-05-23$17.63/sh−20,000$352,500→ 360,558 total
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $17.50 to $17.75, inclusive. The Reporting Person undertakes to provide to the Issuer, any stockholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F2]Includes 48,098 restricted shares of common stock of the Issuer subject to time-based vesting and the Reporting Person's continued service with the Issuer (a portion of which will vest on December 30,2023, September 23, 2024 or September 23, 2025, if original performance goals are not earlier achieved), 71,620 restricted shares of common stock of the Issuer subject to performance-based vesting and the Reporting Person's continued service with the Issuer, and 119,320 restricted stock units subject to time-based vesting, subject to the terms of the applicable award agreement.
- [F3]Represents actual sale price.