John Hazen - May 20, 2021 Form 4 Insider Report for Boot Barn Holdings, Inc. (BOOT)

Signature
/s/ John Hazen
Stock symbol
BOOT
Transactions as of
May 20, 2021
Transactions value $
-$174,527
Form type
4
Date filed
5/24/2021, 06:03 PM
Previous filing
May 18, 2021
Next filing
May 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOOT Common Stock Tax liability -$40.9K -571 -49.65% $71.62 579 May 20, 2021 Direct F1
transaction BOOT Common Stock Options Exercise $89K +3.11K +536.61% $28.63 3.69K May 20, 2021 Direct
transaction BOOT Common Stock Sale -$223K -3.11K -84.29% $71.64 579 May 20, 2021 Direct F2, F3
holding BOOT Common Stock 21.2K May 20, 2021 Direct 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 BOOT Options Options Exercise $0 -3.11K -33.33% $0.00 6.21K May 20, 2021 Common Stock 3.11K $28.63 Direct F5
holding BOOT Options 22.5K May 20, 2021 Common Stock 22.5K $18.66 Direct F6
holding BOOT Options 12.2K May 20, 2021 Common Stock 12.2K $20.94 Direct F5
holding BOOT Options 13K May 20, 2021 Common Stock 13K $24.08 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 20, 2021, in connection with the vesting of shares underlying an aggregate of 1,150 previously disclosed restricted stock units awarded on May 20, 2019 with vesting on May 20 of each year during the applicable vesting period, the issuer withheld 571 shares of common stock to satisfy withholding taxes due in connection with such vesting. Such shares had a market value of $71.62 per share, the closing price of the common stock on the vesting date. Amount of securities beneficially owned consists of the number of shares of common stock held by the reporting person as of May 20, 2021, including the shares awarded in connection with such vesting, but excluding any shares of common stock subject to further vesting conditions. See Note 4 below.
F2 All sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F3 Reflects the weighted average price of sales on May 20, 2021. The shares were sold in multiple transactions at prices ranging from $70.46 to $73.61, inclusive. The reporting person undertakes to provide to Boot Barn Holdings, Inc., any security holder of Boot Barn Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F4 Consists of the total number of shares of common stock underlying restricted stock units held by the reporting person as of May 20, 2021 that remain subject to time-based vesting.
F5 The Options were granted under the Company's 2014 Equity Incentive Plan and are subject to vesting over a four-year period in equal annual installments on each anniversary of the grant date.
F6 The Options were granted under the Company's 2014 Equity Incentive Plan and are subject to vesting over a five-year period in equal annual installments on each anniversary of the grant date.