James W. Lanning - 26 Nov 2021 Form 4 Insider Report for INGLES MARKETS INC (IMKTA)

Role: CEO, President and COO, Director
Signature: /s/James W. Lanning
Issuer symbol: IMKTA
Transactions as of: 26 Nov 2021
Net transactions value: -$769,841
Form type: 4
Filing time: 14 Dec 2021, 10:41:12 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IMKTA	Class A Common Stock	Conversion of derivative security		+9,936			9,936	26 Nov 2021	Ingles Markets Inc. Investment/Profit Sharing Plan Trust	F1
transaction	IMKTA	Class A Common Stock	Sale	$769,841	-9,936	-100%	$77.48	0	26 Nov 2021	Ingles Markets Inc. Investment/Profit Sharing Plan Trust
holding	IMKTA	Class A Common Stock						10,000	26 Nov 2021	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	IMKTA	Class B Common Stock	Conversion of derivative security	$0	-9,936	-100%	$0.000000^*	0	26 Nov 2021	Class A Common Stock	9,936		Ingles Markets Inc. Investment/Profit Sharing Plan Trust	F1

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

Explanation of Responses:

Id	Content
F1	The Class B Common Stock is convertible into an equal number of shares of Class A Common Stock at any time, at the holder's election, and has no expiration date. On November 26, 2021, the reporting person directed the sale of 9,936 shares of his Class B Common Stock, which were held within the Ingles Markets Inc. Investment/Profit Sharing Plan Trust, resulting in the automatic conversion of the shares into Class A Common Stock upon execution of the sale.

Content

The Class B Common Stock is convertible into an equal number of shares of Class A Common Stock at any time, at the holder's election, and has no expiration date. On November 26, 2021, the reporting person directed the sale of 9,936 shares of his Class B Common Stock, which were held within the Ingles Markets Inc. Investment/Profit Sharing Plan Trust, resulting in the automatic conversion of the shares into Class A Common Stock upon execution of the sale.