Matthew Ohayer - Sep 7, 2022 Form 4 Insider Report for Vital Farms, Inc. (VITL)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Jason Minio, Attorney-in-Fact
Stock symbol
VITL
Transactions as of
Sep 7, 2022
Transactions value $
-$45,999
Form type
4
Date filed
9/9/2022, 04:31 PM
Previous filing
May 18, 2022
Next filing
Sep 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VITL Common Stock Exercise of in-the-money or at-the-money derivative security -$78K -123K -1.54% $0.63* 7.85M Sep 7, 2022 Direct F1
transaction VITL Common Stock Exercise of in-the-money or at-the-money derivative security -$78K -123K -1.57% $0.63* 7.73M Sep 7, 2022 Direct F1
transaction VITL Common Stock Options Exercise $110K +29.3K +0.38% $3.76 7.76M Sep 8, 2022 Direct
holding VITL Common Stock 2.58M Sep 7, 2022 By spouse 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 VITL Call Option (obligation to sell) Exercise of in-the-money or at-the-money derivative security $0 -123K -100% $0.00* 0 Sep 7, 2022 Common Stock 123K $0.63 Direct F1, F3
transaction VITL Call Option (obligation to sell) Exercise of in-the-money or at-the-money derivative security $0 -123K -100% $0.00* 0 Sep 7, 2022 Common Stock 123K $0.63 Direct F1, F3
transaction VITL Employee Stock Option (right to buy) Options Exercise $0 -29.3K -100% $0.00* 0 Sep 8, 2022 Common Stock 29.3K $3.76 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an exercise of a call option (obligation to sell), pursuant to a stock option agreement dated September 1, 2013, by and between the Reporting Person and certain securityholders.
F2 Pursuant to an agreement between the Reporting Person and his spouse, the Reporting Person has sole voting control over the shares. The Reporting Person has no pecuniary interest in the shares.
F3 Fully vested and exercisable.