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

Role: CHIEF HUMAN RESOURCES OFFICER
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.

Content

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.

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.