Todd R. Lachman - Mar 17, 2023 Form 4 Insider Report for Sovos Brands, Inc. (SOVO)

Role: PRESIDENT AND CEO, Director
Signature: /s/ Isobel A. Jones, Attorney-in-Fact
Stock symbol: SOVO
Transactions as of: Mar 17, 2023
Transactions value $: -$562,500
Form type: 4
Date filed: 3/21/2023, 05:20 PM
Previous filing: Feb 14, 2023
Next filing: Mar 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SOVO	Common Stock	Sale	-$450K	-30K	-1.19%	$15.00	2.5M	Mar 17, 2023	Direct	F1, F2
transaction	SOVO	Common Stock	Sale	-$113K	-7.5K	-1.59%	$15.00	465K	Mar 17, 2023	By trust	F1, F2

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

Explanation of Responses:

Id	Content
F1	This transaction was effected pursuant to a written plan that was adopted by the Reporting Person prior to the SEC's adoption of amendments to Rule 10b5-1 of the Exchange Act in December 2022 and was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) as in effect at the time of adoption. The plan was structured to include several sale periods and was established as part of the Reporting Person's long-term strategy for asset diversification and financial, retirement, estate and tax planning activities over a period of time.
F2	Represents actual sale price.

Content

This transaction was effected pursuant to a written plan that was adopted by the Reporting Person prior to the SEC's adoption of amendments to Rule 10b5-1 of the Exchange Act in December 2022 and was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) as in effect at the time of adoption. The plan was structured to include several sale periods and was established as part of the Reporting Person's long-term strategy for asset diversification and financial, retirement, estate and tax planning activities over a period of time.

Represents actual sale price.