Meghan V. Joyce - 14 May 2025 Form 4 Insider Report for BOSTON BEER CO INC (SAM)

Role: Director
Signature: Michael G. Andrews under POA for the benefit of Meghan V. Joyce
Issuer symbol: SAM
Transactions as of: 14 May 2025
Net transactions value: $0
Form type: 4
Filing time: 15 May 2025, 09:20:50 UTC
Previous filing: 05 May 2025
Next filing: 03 Jun 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Joyce Meghan V.	Director	C/O THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PLACE, SUITE 850, BOSTON	Michael G. Andrews under POA for the benefit of Meghan V. Joyce	15 May 2025	0001770749

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAM	Class A Common	Award	$0	+271	+61%	$0.000000	718	14 May 2025	Direct	F1, F2

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	May 14, 2025 Stock Option	Award	$0	+546		$0.000000	546	14 May 2025	Class A Common	546	$240.26	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 14, 2025, the Issuer granted 271 RSUs to the Reporting Person under the Issuer's Equity Plan for Non-Employee Directors. The shares will vest in full on May 13, 2026, provided that the non-employee Director remains a member of the Board of Directors as of that date.
F2	The shares reported include 271 shares of restricted stock subject to vesting conditions.
F3	On May 14, 2025, the Issuer granted 546 option shares to the Reporting Person under the Issuer's Equity Plan for Non-Employee Directors. The option shares are immediately exercisable, subject to the Company's Director Stock Ownership and Retention Guidelines.