Gary Seeds - 28 Feb 2024 Form 4 Insider Report for Hillman Solutions Corp. (HLMN)

Role: EVP, Sales and Field Service
Signature: By: /s/ Daniel M. Bauer, as attorney-in-fact
Issuer symbol: HLMN
Transactions as of: 28 Feb 2024
Transactions value $: -$761,368
Form type: 4
Filing time: 01 Mar 2024, 11:40:40 UTC
Previous filing: 09 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLMN	Common Stock	Options Exercise	$995,328	+163,975	+56%	$6.07	458,697	28 Feb 2024	Direct
transaction	HLMN	Common Stock	Sale	-$1,562,681	-163,975	-36%	$9.53	294,722	28 Feb 2024	Direct	F1
transaction	HLMN	Common Stock	Options Exercise	$325,952	+53,699	+18%	$6.07	348,421	29 Feb 2024	Direct
transaction	HLMN	Common Stock	Sale	-$519,967	-53,699	-15%	$9.68	294,722	29 Feb 2024	Direct	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	HLMN	Stock Options	Options Exercise	$0	-163,975	-38%	$0	271,373	28 Feb 2024	Common Stock	163,975	$6.07	Direct	F3
transaction	HLMN	Stock Options	Options Exercise	$0	-53,699	-20%	$0	217,674	29 Feb 2024	Common Stock	53,699	$6.07	Direct	F3

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

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple trades at prices ranging from $9.50 to $9.62, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2	This transaction was executed in multiple trades at prices ranging from $9.61 to $9.74, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3	The option was granted on 7/1/2014. Half of the shares underlying the option vested in four equal annual installments beginning on the first anniversary of the date of grant subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date. The other half of the shares underlying the option vest based on the achievement of performance criteria. The option exercise reported on this form involved the options with time based vesting. The unexercised options that remain outstanding vest upon achievement of performance criteria.