Darren Serrao - Jul 17, 2021 Form 4 Insider Report for CONAGRA BRANDS INC. (CAG)

Role: EVP & Co-COO
Signature: /s/ Uche Ndumele, Attorney-in-fact
Stock symbol: CAG
Transactions as of: Jul 17, 2021
Transactions value $: -$129,156
Form type: 4
Date filed: 7/20/2021, 05:59 PM
Next filing: Jul 26, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CAG	Common Stock	Options Exercise	$0	+8.36K	+8.93%	$0.00	102K	Jul 17, 2021	Direct	F1
transaction	CAG	Common Stock	Tax liability	-$129K	-3.71K	-3.63%	$34.86	98.3K	Jul 17, 2021	Direct	F2

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	CAG	Restricted Stock Units	Options Exercise	$0	-8.36K	-100%	$0.00^*	0	Jul 17, 2021	Common Stock	8.36K	$0.00	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The restricted stock units ("RSUs") were granted on July 17, 2018 and vested on July 17, 2021. Each RSU represented the contingent right to receive one share of the Issuer's common stock on the vesting date.
F2	3,705 shares were withheld automatically in order to satisfy the tax liability that arose upon the vesting of the RSUs.