Somer Webb - Nov 9, 2023 Form 4 Insider Report for Solo Brands, Inc. (DTC)

Role
Chief Financial Officer
Signature
/s/ Kent Christensen, Attorney-in-Fact for Somer Webb
Stock symbol
DTC
Transactions as of
Nov 9, 2023
Transactions value $
-$513,379
Form type
4
Date filed
11/13/2023, 09:20 PM
Previous filing
Oct 4, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DTC Class A Common Stock Options Exercise $0 +9.66K +5.78% $0.00 177K Nov 9, 2023 Direct
transaction DTC Class A Common Stock Tax liability -$10.7K -2.35K -1.33% $4.53 174K Nov 9, 2023 Direct F1
transaction DTC Class A Common Stock Sale -$503K -116K -66.27% $4.35 58.8K Nov 9, 2023 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 DTC Restricted Stock Unit Options Exercise $0 -9.66K -9.09% $0.00 96.6K Nov 9, 2023 Class A Common Stock 9.66K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares withheld to cover tax withholding obligations in connection with the vesting of restricted stock units ("RSUs").
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.3001 to $4.40. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4 The remaining unvested RSUs will vest in ten approximately equal quarterly installments.