Michael Gernigin - Jan 21, 2022 Form 4 Insider Report for Hostess Brands, Inc. (TWNK)

Role
Senior Vice President, Chief Accounting Officer & Interim Chief Financial Officer
Signature
/s/ Jolyn J. Sebree, Attorney-in-Fact
Stock symbol
TWNK
Transactions as of
Jan 21, 2022
Transactions value $
-$33,077
Form type
4
Date filed
1/25/2022, 07:07 PM
Previous filing
Jan 18, 2022
Next filing
Jan 26, 2022

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 Tax liability -$33.1K -1.63K -11.16% $20.28 13K Jan 24, 2022 Direct F1
transaction TWNK Restricted Stock Units Award $0 +6.2K $0.00 6.2K Jan 21, 2022 Direct F2
holding TWNK Restricted Stock Units 15.5K Jan 21, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 24, 2022, the Company withheld 1,631 shares of Class A common stock to satisfy withholding taxes due in connection with the vesting of shares of Class A common stock underlying two awards of restricted stock units previously granted to the reporting person. Such shares had a market value of $20.28 per share, the closing price of the Class A common stock on January 14, 2022, the last trading date prior to vesting.
F2 Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of Class A Common Stock. These restricted stock units will vest in equal or nearly equal installments on January 21 of each 2023, 2024 and 2025, assuming continued employment through the applicable vesting date.
F3 Consists of previously disclosed restricted stock units that remained subject to time-based vesting criteria.

Remarks:

Senior Vice President, Chief Accounting Officer & Interim Chief Financial Officer