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

Role: PRESIDENT AND CEO, Director
Signature: /s/ Isobel A. Jones, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 17 Mar 2023
Net transactions value: -$562,500
Form type: 4
Filing time: 21 Mar 2023, 17:20:48 UTC
Previous filing: 14 Feb 2023
Next filing: 27 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SOVO	Common Stock	Sale	$450,000	-30,000	-1.2%	$15.00	2,499,761	17 Mar 2023	Direct	F1, F2
transaction	SOVO	Common Stock	Sale	$112,500	-7,500	-1.6%	$15.00	464,828	17 Mar 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.