CHRISTOPHER H. ATAYAN - 27 Oct 2023 Form 4 Insider Report for AMCON DISTRIBUTING CO (DIT)

Role: CEO and Chairman, Director, 10%+ Owner
Signature: /s/ Charles J. Schmaderer, Attorney-in-Fact for Christopher H. Atayan
Issuer symbol: DIT
Transactions as of: 27 Oct 2023
Transactions value $: $0
Form type: 4
Filing time: 31 Oct 2023, 17:00:30 UTC
Previous filing: 26 Oct 2023
Next filing: 24 Oct 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DIT	Common Stock, par value $.01 per share	Award		+4.3K	+1.07%		406K	27 Oct 2023	Direct	F1

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	DIT	Restricted Stock Units	Options Exercise	$0	-4.3K	-100%	$0.00^*	0	27 Oct 2023	Common Stock	4.3K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Restricted Stock Units ("RSUs") give the reporting person the right to receive, subject to being employed on the applicable vesting date, (i) cash equal to the per share Fair Market Value of common stock on the vesting date times the number of shares underlying the RSUs then vesting or (ii) common stock equal to the number of shares underlying the RSUs then vesting, as elected by the reporting person. Subject to earlier forfeiture under certain circumstances, these RSUs vested as to one-third of the total original 12,900 RSU award on October 27, 2021, October 27, 2022, and October 27, 2023. On the October 27, 2023 vesting date, RSUs were settled for 4,300 shares of common stock.

Content

Restricted Stock Units ("RSUs") give the reporting person the right to receive, subject to being employed on the applicable vesting date, (i) cash equal to the per share Fair Market Value of common stock on the vesting date times the number of shares underlying the RSUs then vesting or (ii) common stock equal to the number of shares underlying the RSUs then vesting, as elected by the reporting person. Subject to earlier forfeiture under certain circumstances, these RSUs vested as to one-third of the total original 12,900 RSU award on October 27, 2021, October 27, 2022, and October 27, 2023. On the October 27, 2023 vesting date, RSUs were settled for 4,300 shares of common stock.