James Grant Conroy - Aug 25, 2021 Form 4 Insider Report for Boot Barn Holdings, Inc. (BOOT)

Role: Chief Executive Officer, Director
Signature: /s/ James Grant Conroy
Stock symbol: BOOT
Transactions as of: Aug 25, 2021
Transactions value $: -$1,664,204
Form type: 4
Date filed: 8/27/2021, 05:05 PM
Previous filing: Jun 11, 2021
Next filing: Nov 24, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BOOT	Common Stock	Options Exercise	$123K	+20K	+133.71%	$6.15^*	35K	Aug 25, 2021	Direct
transaction	BOOT	Common Stock	Sale	-$1.79M	-20K	-57.21%	$89.36	15K	Aug 25, 2021	Direct	F1, F2
holding	BOOT	Common Stock						42.8K	Aug 25, 2021	Direct	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	BOOT	Options	Options Exercise	$0	-20K	-39.52%	$0.00	30.6K	Aug 25, 2021	Common Stock	30.6K	$6.15	Direct	F4
holding	BOOT	Options						29.2K	Aug 25, 2021	Common Stock	29.2K	$20.94	Direct	F5
holding	BOOT	Options						26.3K	Aug 25, 2021	Common Stock	26.3K	$23.92	Direct	F5
holding	BOOT	Options						31.2K	Aug 25, 2021	Common Stock	31.2K	$24.08	Direct	F5
holding	BOOT	Options						18.9K	Aug 25, 2021	Common Stock	18.9K	$28.63	Direct	F5
holding	BOOT	Options						227K	Aug 25, 2021	Common Stock	227K	$28.63	Direct	F6

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

Explanation of Responses:

Id	Content
F1	Reflects the weighted average price of sales on August 25, 2021. The shares were sold in multiple transactions at prices ranging from $88.26 to $90.46, 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.
F2	Consists of the number of shares of common stock held by the reporting person as of August 25, 2021 that are not subject to further vesting conditions.
F3	Consists of the total number of shares of common stock underlying restricted stock units held by the reporting person as of August 25, 2021 that remain subject to time-based vesting.
F4	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.
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 will vest on May 20, 2023, subject to earlier vesting in connection with death, disability or a change in control. Vesting criteria relating to targeted trading prices have been satisfied.