James Grant Conroy - Aug 14, 2023 Form 4 Insider Report for Boot Barn Holdings, Inc. (BOOT)

Role
PRESIDENT AND CEO, Director
Signature
/s/ James Grant Conroy
Stock symbol
BOOT
Transactions as of
Aug 14, 2023
Transactions value $
-$14,765,927
Form type
4
Date filed
8/15/2023, 07:48 PM
Previous filing
May 23, 2023
Next filing
Jan 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOOT Common Stock Options Exercise $3.25M +114K +245.58% $28.63 160K Aug 14, 2023 Direct
transaction BOOT Common Stock Sale -$10.6M -114K -71.06% $93.09 46.3K Aug 14, 2023 Direct F1
transaction BOOT Common Stock Options Exercise $3.25M +114K +245.58% $28.63 160K Aug 15, 2023 Direct
transaction BOOT Common Stock Sale -$10.7M -114K -71.06% $94.11 46.3K Aug 15, 2023 Direct F2
holding BOOT Common Stock 58.3K Aug 14, 2023 Direct F3

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 BOOT Options Options Exercise $0 -114K -50% $0.00 114K Aug 14, 2023 Common Stock 114K $28.63 Direct F4
transaction BOOT Options Options Exercise $0 -114K -100% $0.00* 0 Aug 15, 2023 Common Stock 114K $28.63 Direct F4
holding BOOT Options 29.2K Aug 14, 2023 Common Stock 29.2K $20.94 Direct F5
holding BOOT Options 31.2K Aug 14, 2023 Common Stock 31.2K $24.08 Direct F5
holding BOOT Options 18.9K Aug 14, 2023 Common Stock 18.9K $28.63 Direct F6
holding BOOT Options 86.2K Aug 14, 2023 Common Stock 86.2K $86.96 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the weighted average price of sales on August 14, 2023. The shares were sold in multiple transactions at prices ranging from $92.37 to $95.04, inclusive. The reporting person undertakes to provide to Boot Barn Holdings, Inc., any security holder of Boot Barn Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F2 Reflects the weighted average price of sales on August 15, 2023. The shares were sold in multiple transactions at prices ranging from $91.24 to $95.27, inclusive. The reporting person undertakes to provide to Boot Barn Holdings, Inc., any security holder of Boot Barn Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F3 Consists of the total number of shares of common stock underlying restricted stock units held by the reporting person as of August 15, 2023 that remain subject to time-based vesting.
F4 The Options were granted under the Company's 2014 Equity Incentive Plan and vested on May 20, 2023, the four-year anniversary of the grant date.
F5 The Options were granted under the Company's 2014 Equity Incentive Plan and are subject to vesting over a four-year period in equal annual installments on each anniversary of the grant date.
F6 The Options were granted under the Company's 2014 Equity Incentive Plan and were subject to vesting over a four-year period in equal annual installments on each anniversary of the grant date.
F7 The Options were granted under the Company's 2020 Equity Incentive Plan and are subject to vesting on May 12, 2025 if (i) with respect to 33% of the shares of common stock issuable upon exercise of the Options, the average closing price of the common stock on the New York Stock Exchange during any consecutive 30 trading days between May 12, 2022 and May 12, 2025 (the "Average Trading Price") equals or exceeds 150% of the exercise price, (ii) with respect to an additional 33% if the Average Trading Price equals or exceeds 175% of the exercise price and (iii) with respect to an additional 34% if the Average Trading Price equals or exceeds 200% of the exercise price, in each case, subject to earlier vesting in connection with death, disability or a change in control.