Advent International, L.P. - Mar 12, 2024 Form 4 Insider Report for Sovos Brands, Inc. (SOVO)

Signature
ADVENT INTERNATIONAL, L.P., By: /s/ Neil Crawford, Name: Neil Crawford, Title: Vice President, Finance
Stock symbol
SOVO
Transactions as of
Mar 12, 2024
Transactions value $
-$997,304,219
Form type
4
Date filed
3/14/2024, 05:54 PM
Previous filing
Mar 6, 2024
Next filing
Apr 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOVO Common Stock Disposed to Issuer -$997M -43.4M -100% $23.00 0 Mar 12, 2024 See Notes F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Advent International, L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 See Exhibit 99.1 for text of footnote (1).
F2 See Exhibit 99.1 for text of footnote (2).
F3 See Exhibit 99.1 for text of footnote (3).
F4 See Exhibit 99.1 for text of footnote (4).

Remarks:

Jefferson M. Case, a Managing Director of Advent and Neha Mathur, a Vice President of Advent (collectively, the "Advent Directors"), each serve on the board of directors of the Issuer, and have been deputized to represent the Reporting Persons on the board of directors. By virtue of the Advent Directors' representation, for purposes of Section 16 of the Securities Exchange Act of 1934, each of the Reporting Persons may be deemed directors by deputization of the Issuer. The Advent Directors have filed separate Section 16 reports disclosing securities of the Issuer that they may be deemed to beneficially own for Section 16 purposes. Exhibit 99.1 (Footnotes to Form 4) and Exhibit 99.2 (Signatures and Joint Filer Information) are incorporated by reference. Form 3 of 3: This Form 4 is the third of three Forms 4 being filed relating to the same event. The Form 4 has been split into multiple filings because there are more than 10 Reporting Persons total, and the SEC's EDGAR filing system limits a single Form 4 to a maximum of 10 Reporting Persons. Each Form 4 will be filed by Designated Filer Advent International, L.P.