Christopher W. Hall - Dec 6, 2023 Form 4 Insider Report for Sovos Brands, Inc. (SOVO)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Isobel A. Jones, Attorney-in-Fact
Stock symbol: SOVO
Transactions as of: Dec 6, 2023
Transactions value $: -$1,477,644
Form type: 4
Date filed: 12/7/2023, 05:51 PM
Previous filing: Jun 9, 2023
Next filing: Jan 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SOVO	Common Stock	Sale	-$1.48M	-67.3K	-17.77%	$21.96	311K	Dec 6, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $21.955 to $21.965, 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 purchased at each separate price within the range set forth in this footnote.
F2	Includes 40,570 restricted shares of common stock of the Issuer subject to time-based vesting (a portion of which will vest on December 30, 2023, September 23, 2024 or September 23, 2025, if original performance criteria is not earlier achieved), 66,928 restricted shares of common stock of the Issuer subject to performance-based vesting, and 202,188 restricted stock units subject to time-based vesting and the Reporting Person's continued service with the Issuer (a portion of which will vest on September 23, 2024 or September 23, 2025, if original performance criteria is not earlier achieved), subject in each case to the Reporting Person's continued service with the Issuer and the terms of the applicable award agreement.

Content

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $21.955 to $21.965, 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 purchased at each separate price within the range set forth in this footnote.

Includes 40,570 restricted shares of common stock of the Issuer subject to time-based vesting (a portion of which will vest on December 30, 2023, September 23, 2024 or September 23, 2025, if original performance criteria is not earlier achieved), 66,928 restricted shares of common stock of the Issuer subject to performance-based vesting, and 202,188 restricted stock units subject to time-based vesting and the Reporting Person's continued service with the Issuer (a portion of which will vest on September 23, 2024 or September 23, 2025, if original performance criteria is not earlier achieved), subject in each case to the Reporting Person's continued service with the Issuer and the terms of the applicable award agreement.