Roger K. Deromedi - Apr 24, 2025 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Role
Director
Signature
/s/ Theresa R. Shea, as attorney-in-fact for Roger K. Deromedi
Stock symbol
UTZ
Transactions as of
Apr 24, 2025
Transactions value $
$0
Form type
4
Date filed
4/28/2025, 06:14 PM
Previous filing
May 6, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTZ Class A Common Stock Award $0 +9.67K +38.11% $0.00 35.1K Apr 24, 2025 Direct F1, F2
holding UTZ Class A Common Stock 409K Apr 24, 2025 See Footnote F3, F4
holding UTZ Class A Common Stock 360K Apr 24, 2025 See Footnote F5
holding UTZ Class A Common Stock 461K Apr 24, 2025 See Footnote F6, F7
holding UTZ Class A Common Stock 2.1M Apr 24, 2025 See Footnote F3, F6, F8, F9
holding UTZ Class A Common Stock 1M Apr 24, 2025 See Footnote F8, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Issuer's Class A Common Stock are subject to a restricted stock unit award under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (as amended, the "Plan"). Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 The restricted stock units vest under the following schedule: subject to the terms of the restricted stock unit award agreement, 100% of the shares subject to the restricted stock units vest on April 24, 2026, subject to the reporting person's continuous service to the Company through such dates and subject to certain conditions detailed in the Plan.
F3 Reflects a prior transfer of 590,631 shares of the Issuer's Class A Common Stock from the Roger K. Deromedi Irrevocable Grantor Retained Annuity Trust (GRAT) u/a/d 2/22/2024 (the "2024 GRAT 1") to the Roger K. Deromedi Revocable Trust 2/11/2000 Amended and Restated 11/09/2011 (the "Revocable Trust"), that was exempt under Rule 16a-13.
F4 The securities are held by the 2024 GRAT 1 The Reporting Person holds voting and dispositive power over the 2024 GRAT 1.
F5 The securities are held by the Roger K. Deromedi Irrevocable Generation Skipping Trust dated October 1, 2020, Sandra E. Deromedi, Trustee, FBO Sandra E. Deromedi (the "Irrevocable Trust"). To the extent permitted under applicable law, the Reporting Person disclaims beneficial ownership of the shares held by the Irrevocable Trust. The Reporting Person's spouse holds voting and dispositive power over the Irrevocable Trust.
F6 Reflects a prior transfer of 189,065 shares of the Issuer's Class A Common Stock from the Grantor Retained Annuity Trust dated 11/01/2021 (the "2021 GRAT") to the Revocable Trust, that was exempt under Rule 16a-13.
F7 The securities are held by the 2021 GRAT. The Reporting Person holds voting and dispositive power over the 2021 GRAT.
F8 Reflects a prior transfer of 1,000,000 shares of the Issuer's Class A Common Stock by the Revocable Trust to the Roger K Deromedi Irrevocable Grantor Retained Annuity Trust (GRAT) u/a/d 11/19/2024 (the "2024 GRAT 2"), that was exempt under Rule 16a-13.
F9 The securities are held by the Revocable Trust. The Reporting Person holds voting and dispositive power over the Revocable Trust.
F10 The securities are held by the 2024 GRAT 2. The Reporting Person holds voting and dispositive power over the 2024 GRAT 2.