Cynthia Croatti - 13 Dec 2021 Form 4 Insider Report for UNIFIRST CORP (UNF)

Role: Executive Vice President, Director, 10%+ Owner
Signature: /s/ Steven S. Sintros, Attorney-in-Fact
Issuer symbol: UNF
Transactions as of: 13 Dec 2021
Net transactions value: -$169,042
Form type: 4
Filing time: 14 Dec 2021, 15:19:49 UTC
Previous filing: 19 Nov 2021
Next filing: 14 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UNF	Common Stock	Options Exercise	$238,000	+2,000	+37%	$119.00	7,473	13 Dec 2021	Direct
transaction	UNF	Common Stock	Disposed to Issuer	$288,048	-1,412	-19%	$204.00	6,061	13 Dec 2021	Direct
transaction	UNF	Common Stock	Sale	$118,994	-588	-9.7%	$202.37	5,473	13 Dec 2021	Direct	F1, F2
holding	UNF	Common Stock						68,534	13 Dec 2021	By LLC	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	UNF	Stock Appreciation Right	Options Exercise	$0	-2,000	-33%	$0.000000	4,000	13 Dec 2021	Common Stock ($0.10 par value)	2,000	$119.00	Direct

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

Explanation of Responses:

Id	Content
F1	Represents shares sold pursuant to a Rule 10b5-1 sales plan.
F2	Consists of 1,332 restricted stock units that vest 100% on December 20, 2022, 1,551 restricted stock units that vest 100% on October 22, 2023, 1,174 restricted stock units that vest 60% on October 29, 2022, an additional 20% on October 29, 2023 and the remaining 20% on October 29, 2024 and 1,416 restricted stock units that vest 60% on October 26, 2023, an additional 20% on October 26, 2024 and the remaining 20% on October 26, 2025.
F3	Cynthia Croatti is the manager of Trilogy Investment Partners LLC, which as of the date of filing this report, directly owns the reported securities. Cynthia Croatti disclaims beneficial ownership of these reported securities, except to the extent of her pecuniary interest therein, if any, and this report shall not be deemed an admission that she is the beneficial owner of the securities for purposes of Section 16 or any other purpose.