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

Role: President and CEO, Director
Signature: /s/ Jason Minio, Attorney-in-Fact
Stock symbol: VITL
Transactions as of: Mar 10, 2022
Transactions value $: $71,545
Form type: 4
Date filed: 3/14/2022, 04:54 PM
Previous filing: Sep 13, 2021
Next filing: May 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VITL	Common Stock	Award	$0	+25K	+25.47%	$0.00	123K	Mar 10, 2022	Direct	F1
transaction	VITL	Common Stock	Options Exercise	$71.5K	+50K	+40.63%	$1.43^*	173K	Mar 11, 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	+119K		$0.00	119K	Mar 10, 2022	Common Stock	119K	$12.81	Direct	F2
transaction	VITL	Employee Stock Option (right to buy)	Options Exercise	$0	-50K	-36.34%	$0.00	87.6K	Mar 11, 2022	Common Stock	50K	$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.