Brent Drever - Jun 9, 2021 Form 4 Insider Report for Vital Farms, Inc. (VITL)

Role: Director
Signature: /s/ Jason Minio, Attorney-in-Fact
Stock symbol: VITL
Transactions as of: Jun 9, 2021
Transactions value $: -$9,975,284
Form type: 4
Date filed: 6/11/2021, 06:16 PM
Next filing: Aug 23, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VITL	Common Stock	Award	$0	+3.47K	+46.28%	$0.00	11K	Jun 9, 2021	Direct	F1
transaction	VITL	Common Stock	Sale	-$9.98M	-453K	-100%	$22.00	0	Jun 9, 2021	See footnote	F2, F3
holding	VITL	Common Stock						767K	Jun 9, 2021	See footnote	F2, F4
holding	VITL	Common Stock						50.3K	Jun 9, 2021	See footnote	F2, F5

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

Explanation of Responses:

Id	Content
F1	Represents a restricted stock unit ("RSU") award. The RSUs will vest on the earlier of (1) June 9, 2022 and (2) the day before the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date.
F2	The shares reported herein give effect to the pro rata distribution of shares by MTP C001 Holdings, LLC ("MTP LLC") for no additional consideration to its limited partners and its general partners. As the distribution of such shares constituted only a change in the form of the Reporting Person's ownership in such shares, the Reporting Person was not required to report the distribution pursuant to Section 16.
F3	The shares are held by Manna Tree Partners Fund I, L.P. ("Fund I"). The Reporting Person is on the investment committee of the ultimate general partner of Fund I, as a result, may be deemed to share voting and investment power with respect to the shares held by Fund I. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise.
F4	The shares are held by MTP LLC. The Reporting Person is on the investment committee of the ultimate general partner of MTP LLC, as a result, may be deemed to share voting and investment power with respect to the shares held by MTP LLC. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise.
F5	The shares are held by Manna Tree Partners Fund I GP, L.P. ("Fund I GP"). The Reporting Person is on the investment committee of the ultimate general partner of Fund I GP, as a result, may be deemed to share voting and investment power with respect to the shares held by Fund I GP. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise.