Katie Gvazdinskas - Jan 16, 2024 Form 4 Insider Report for Sovos Brands, Inc. (SOVO)

Signature
/s/ Isobel A. Jones, Attorney-in-Fact
Stock symbol
SOVO
Transactions as of
Jan 16, 2024
Transactions value $
-$35,498
Form type
4
Date filed
1/18/2024, 06:55 PM
Previous filing
May 24, 2023
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOVO Common Stock Sale -$35.5K -1.61K -2.33% $22.09 67.3K Jan 16, 2024 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 $22.06 to $22.14, 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 4,321 restricted shares of common stock of the Issuer subject to time-based vesting (a portion of which vest on September 23, 2024 or September 23, 2025, if the original performance goals are not earlier achieved), 7,549 restricted shares of common stock of the Issuer subject to performance-based vesting, and 52,457 restricted stock units subject to time-based vesting (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.