Andrew P. Callahan - 21 Jan 2022 Form 4 Insider Report for Hostess Brands, Inc.

Role
President and Chief Executive Officer, Director
Signature
/s/ Jolyn J. Sebree, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
21 Jan 2022
Net transactions value
-$356,685
Form type
4
Filing time
25 Jan 2022, 19:09:56 UTC
Previous filing
18 Jan 2022
Next filing
26 Jan 2022
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 Tax liability $356,685 -17,588 -6.5% $20.28 252,072 24 Jan 2022 Direct F1
transaction TWNK Restricted Stock Units Award $0 +83,127 $0.000000 83,127 21 Jan 2022 Direct F2
holding TWNK Restricted Stock Units 109,850 21 Jan 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 17,588 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.Consists of previously disclosed restricted stock units that remained subject to time-based vesting criteria.

Remarks:

President and Chief Executive Officer