CC Collier Holdings, LLC - 07 Aug 2025 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Role
Other*
Signature
/s/ Chinh Chu as Authorized Signatory for CC Collier Holdings, LLC
Issuer symbol
UTZ
Transactions as of
07 Aug 2025
Net transactions value
$0
Form type
4
Filing time
11 Aug 2025, 17:30:16 UTC
Previous filing
06 Mar 2025
SEC
View on sec.gov

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
CC Collier Holdings, LLC Other* 200 PARK AVENUE, 58TH FLOOR, NEW YORK /s/ Chinh Chu as Authorized Signatory for CC Collier Holdings, LLC 11 Aug 2025 0001830301
Chu Chinh Other* 200 PARK AVENUE, 58TH FLOOR, NEW YORK /s/ Chinh Chu 11 Aug 2025 0001306507

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTZ Class A Common Stock Options Exercise +2,880,000 2,880,000 07 Aug 2025 Direct F1, F2
transaction UTZ Class A Common Stock Tax liability -2,355,284 -82% 524,716 07 Aug 2025 Direct F1, F3

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 Options Exercise -2,880,000 -100% 0 07 Aug 2025 Class A Common Stock 2,880,000 $11.50 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities reported on this report are held directly by CC Collier Holdings, LLC ("CC Collier"). Chinh E. Chu holds voting and dispositive power over the securities held by CC Collier.
F2 Reflects the exercise of 2,880,000 warrants to purchase shares of Class A Common Stock of Utz Brands, Inc. (the "Issuer") on a cashless basis pursuant to the Warrant Agreement, dated as of October 4, 2018 (the "Warrant Agreement"), by and between Collier Creek Holdings and Continental Stock Transfer & Trust Company as assumed by the Issuer pursuant to that certain Assignment and Assumption Agreement, dated as of February 22, 2022, by and among the Issuer, Continental Stock Transfer & Trust Company, Equiniti Trust Company and the warrant holders named therein. The number of shares of Class A Common Stock issuable upon exercise of the warrants was determined in accordance with section 3.3.1(c) of the Warrant Agreement.
F3 Reflects the shares of Class A Common Stock "withheld" in connection with the cashless exercise. Pursuant to Section 3.3.1(c) of the Warrant Agreement, the price was calculated as the average last sale price of the shares for the ten trading days ending on the third trading day prior to the date on which notice of exercise of the warrants was sent to the warrant agent.

Remarks:

Jason K. Giordano is a Senior Managing Director of CC Capital. Therefore, the Reporting Persons may be considered directors by deputization.