Chinh Chu - Jan 8, 2021 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Role: 10%+ Owner
Signature: /s/ Chinh Chu
Stock symbol: UTZ
Transactions as of: Jan 8, 2021
Transactions value $: $2,649,640
Form type: 4
Date filed: 11/16/2021, 05:27 AM
Next filing: May 25, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UTZ	Common Stock	Exercise of in-the-money or at-the-money derivative security	$2.67M	+232K	+4.63%	$11.50	5.24M	Jan 8, 2021	See Footnote	F1, F4
transaction	UTZ	Common Stock	Sale	-$18.4K	-1.02K	-0.02%	$18.00	5.24M	Nov 11, 2021	See Footnote	F2, F3, F4

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	UTZ	Warrants to purchase Class A Common Stock	Exercise of in-the-money or at-the-money derivative security	$0	-232K	-100%	$0.00^*	0	Jan 8, 2021	Class A Common Stock	232K	$11.50	See footnote	F1, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On January 14, 2021 the reporting person exercised warrants to purchase a total of 232,000 shares of the Issuer's common stock for $11.50 per share.
F2	The sale reported in this row was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2021.
F3	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18 to $18.01. The reporting person undertakes to provide to the Issuer, any security holders of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
F4	The securities are directly held by CC Collier Holdings, LLC ("CC Collier"). The Reporting Person holds voting and dispositive power over CC Collier and therefore may be attributed ownership of such securities but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
F5	The warrants are exercisable at any time and were scheduled to expire on August 28, 2025 or earlier upon redemption or the liquidation of the Issuer.