Diego Reynoso - Mar 1, 2025 Form 4 Insider Report for BOSTON BEER CO INC (SAM)

Signature
Michael G. Andrews under POA for the benefit of Diego Reynoso
Stock symbol
SAM
Transactions as of
Mar 1, 2025
Transactions value $
-$103,846
Form type
4
Date filed
3/4/2025, 04:03 PM
Previous filing
Jan 27, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAM Class A Common Award $0 +9.44K +140.12% $0.00 16.2K Mar 1, 2025 Direct F1
transaction SAM Class A Common Tax liability -$104K -426 -2.63% $243.77 15.7K Mar 1, 2025 Direct F2, F3

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 SAM October 31, 2023 Stock Option Award $0 +2.43K +100% $0.00 4.86K Mar 1, 2025 Class A Common 9.72K $333.50 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents grants of Restricted Stock Units ("RSUs") under the Issuer's Restated Employee Equity Incentive Plan ("EEIP"). The details of these grants were disclosed in a Current Report on Form 8-K filed by the Issuer on February 11, 2025.
F2 The Issuer net withheld the vesting of a percentage of shares to satisfy the tax obligations of the Reporting Person flowing from the vesting of Restricted Stock Units ("RSUs"). The Reporting Person had a total of 1,448 RSUs vest on March 1, 2025.
F3 The shares reported include 13,961 shares of restricted stock subject to vesting conditions.
F4 The Time-Based Stock Option was granted pursuant to the Issuer's EEIP on October 31, 2023. The shares will vest in four equal installments on March 1 in the years 2024-2027 provided that the Reporting Person remains employed by the Issuer on the applicable vesting dates, and subject to accelerated vesting in certain situations.