Andrew Wilson Jacobs - 04 Jun 2021 Form 4 Insider Report for Hostess Brands, Inc.

Role
Executive Vice President, Chief Customer & Experience Officer
Signature
/s/ Jolyn J. Sebree, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
04 Jun 2021
Net transactions value
-$147,658
Form type
4
Filing time
08 Jun 2021, 20:00:23 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWNK Class A Common Stock, par value $0.0001 per share Options Exercise $209,250 +15,000 +17% $13.95 103,250 04 Jun 2021 Direct
transaction TWNK Class A Common Stock, par value $0.0001 per share Options Exercise $1,242,659 +78,749 +76% $15.78 181,999 04 Jun 2021 Direct
transaction TWNK Class A Common Stock, par value $0.0001 per share Options Exercise $796,781 +70,201 +39% $11.35 252,200 04 Jun 2021 Direct
transaction TWNK Class A Common Stock, par value $0.0001 per share Options Exercise $266,366 +19,163 +7.6% $13.90 271,363 04 Jun 2021 Direct
transaction TWNK Class A Common Stock, par value $0.0001 per share Sale $2,662,714 -166,797 -61% $15.96 104,566 04 Jun 2021 Direct F1
holding TWNK Restricted Stock Units 72,755 04 Jun 2021 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 TWNK Stock Options Options Exercise $0 -15,000 -75% $0.000000 5,000 04 Jun 2021 Class A Common Stock 15,000 $13.95 Direct F3
transaction TWNK Stock Options Options Exercise $0 -78,749 -100% $0.000000* 0 04 Jun 2021 Class A Common Stock 78,749 $15.78 Direct F4
transaction TWNK Stock Options Options Exercise $0 -70,201 -67% $0.000000 35,101 04 Jun 2021 Class A Common Stock 70,201 $11.35 Direct F5
transaction TWNK Stock Options Options Exercise $0 -19,163 -33% $0.000000 38,328 04 Jun 2021 Class A Common Stock 19,163 $13.90 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the weighted average price of sales on June 4, 2021. The shares were sold in multiple transactions at prices ranging from $15.90 to $16.12, inclusive. The reporting person undertakes to provide to Hostess Brands, Inc., any security holder of Hostess Brands, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F2 Consists of previously disclosed restricted stock units that remain subject to time-based vesting criteria.
F3 Such options vested in equal or nearly equal installments on December 6 of each of 2018, 2019, and 2020 and became exercisable upon vesting. The remaining stock options will vest on December 6, 2021.
F4 All of such options vested in equal or nearly equal installments on November 4, 2017, 2018, 2019 and 2020 and became exercisable upon vesting.
F5 Such options vested in equal or nearly equal installments on January 11 of each of 2020 and 2021 and became exercisable upon vesting. The remaining stock options will vest on January 11, 2022.
F6 Such options vested and became exercisable on January 21, 2021. The remaining stock options will vest in equal or nearly equal installments on January 11 of each of 2022 and 2023.

Remarks:

Executive Vice President, Chief Customer & Experience Officer