Key facts
- This page summarizes Risa Cretella's Form 4 filing for Sovos Brands, Inc..
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 12 May 2023, 16:30.
Risa Cretella - 11 May 2023 Form 4 Insider Report for Sovos Brands, Inc.
- Reporting relationship
- CHIEF SALES OFFICER
- Issuer ticker
- N/A
- Reported as of
- 11 May 2023
- Net transaction value
- -$237,949
- SEC form
- 4
- Accepted by SEC
- 12 May 2023, 16:30:28 UTC
- Prior SEC filing
- 05 Apr 2023
- Next SEC filing
- 18 Jan 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Isobel A. Jones, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Risa Cretella filed Form 4 for Sovos Brands, Inc. on 12 May 2023.
Change
- Previous filing in this sequence was filed on 05 Apr 2023.
- Current net transaction value: -$237,949.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SOVO
transaction
Common Stock
Sale
- Transaction value
- $225,858
- Shares
- -11,582
- Change %
- -4.1%
- Price
- $19.50
- Shares after
- 269,704
- Date
- 11 May 2023
- Ownership
- Direct
- Footnotes
- F1, F2, F3
SOVO
transaction
Common Stock
Sale
- Transaction value
- $12,090
- Shares
- -600
- Change %
- -0.22%
- Price
- $20.15
- Shares after
- 269,104
- Date
- 11 May 2023
- Ownership
- Direct
- Footnotes
- F1, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 4 footnotes
Footnote F1
This transaction was effected pursuant to a written plan that was adopted by the Reporting Person on September 8, 2022 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.
Footnote F2
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $19.08 to $20.04, inclusive. The Reporting Person undertakes to provide to the Issuer, any stockholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Footnote F3
Includes 47,055 restricted shares of common stock of the Issuer subject to time-based vesting and the Reporting Person's continued service with the Issuer (a portion of which will vest on December 30,2023, September 23, 2024 or September 23, 2025, if original performance goals are not earlier achieved), 67,508 restricted shares of common stock of the Issuer subject to performance-based vesting and the Reporting Person's continued service with the Issuer, and 90,751 restricted stock units subject to time-based vesting, subject to the terms of the applicable award agreement.
Footnote F4
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $20.09 to $20.33, inclusive. The Reporting Person undertakes to provide to the Issuer, any stockholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.