Elliot Stein Jr - Mar 10, 2022 Form 4 Insider Report for BELLRING BRANDS, INC. (BRBR)

Role
Director
Signature
/s/ Craig L. Rosenthal, Attorney-in-Fact
Stock symbol
BRBR
Transactions as of
Mar 10, 2022
Transactions value $
$47,340
Form type
4
Date filed
5/16/2022, 07:06 PM
Previous filing
Feb 3, 2022
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRBR Common Stock Award +15.9K 15.9K Mar 10, 2022 Direct F1, F2
transaction BRBR Common Stock Award +2.54K 2.54K Mar 10, 2022 By Trust F1, F3
transaction BRBR Common Stock Purchase $47.3K +2K +11.4% $23.67 19.6K May 12, 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects securities acquired in connection with the transactions under the transaction agreement and plan of merger entered into on October 26, 2021, as amended on February 28, 2022, whereby BellRing Intermediate Holdings, Inc. (formerly known as BellRing Brands, Inc.) ("Old BellRing") merged with a subsidiary of Issuer and each outstanding share of Old BellRing Class A common stock was converted into one share of Issuer common stock and $2.97 in cash (the "Cash Consideration" and such transactions the "Transactions"). Such securities were originally included on the Form 3 filed by the Reporting Person on March 10, 2022.
F2 Includes unvested restricted stock units ("RSUs"), which awards continue to be subject to the same terms and conditions of the Old BellRing awards. In connection with the Transactions, unvested RSUs of Old BellRing were assumed by Issuer and continue to be subject to the same terms and conditions of the Old BellRing awards.
F3 These shares were inadvertently reported as indirectly held by 401(k) on the Form 3 filed by the Reporting Person on March 10, 2022.
F4 In connection with the Transactions, awards under the Old BellRing 2019 Long-Term Incentive Plan were adjusted to account for the Cash Consideration paid to holders of Old Bell Ring common stock in the Transactions. The amount of securities beneficially owned following the reported transaction includes 1,624 additional RSUs received in connection with such adjustment, which RSUs are subject to the same vesting terms as the underlying awards.