Russell Diez-Canseco - 10 Mar 2022 Form 4 Insider Report for Vital Farms, Inc. (VITL)

Role: President and CEO, Director
Signature: /s/ Jason Minio, Attorney-in-Fact
Issuer symbol: VITL
Transactions as of: 10 Mar 2022
Net transactions value: +$71,545
Form type: 4
Filing time: 14 Mar 2022, 16:54:08 UTC
Previous filing: 13 Sep 2021
Next filing: 16 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VITL	Common Stock	Award	$0	+24,981	+25%	$0.000000	123,054	10 Mar 2022	Direct	F1
transaction	VITL	Common Stock	Options Exercise	$71,545	+50,000	+41%	$1.43^*	173,054	11 Mar 2022	Direct

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	VITL	Employee Stock Option (right to buy)	Award	$0	+119,402		$0.000000	119,402	10 Mar 2022	Common Stock	119,402	$12.81	Direct	F2
transaction	VITL	Employee Stock Option (right to buy)	Options Exercise	$0	-50,000	-36%	$0.000000	87,575	11 Mar 2022	Common Stock	50,000	$1.43	Direct	F3

* 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 vest in three equal annual installments commencing on March 10, 2023, subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date.
F2	One-third (1/3rd) of the shares subject to the stock option will vest in equal annual installments commencing on March 10, 2023, subject to the Reporting Person continuing to provide service through each vesting date.
F3	Fully vested.