Yuri Hermida - 12 Feb 2024 Form 4 Insider Report for Sovos Brands, Inc.

Role: CHIEF GROWTH OFFICER
Signature: /s/ Isobel A. Jones, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 12 Feb 2024
Net transactions value: -$133,107
Form type: 4
Filing time: 14 Feb 2024, 18:16:26 UTC
Previous filing: 05 Dec 2023
Next filing: 14 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SOVO	Common Stock	Sale	$133,107	-5,979	-1.9%	$22.26	307,089	12 Feb 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 $22.22 to $22.275, 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 258,656 restricted stock units subject to time-based vesting (a portion of which vest will on September 23, 2024 or September 23, 2025, if original performance criteria is not earlier achieved), subject 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 $22.22 to $22.275, 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 258,656 restricted stock units subject to time-based vesting (a portion of which vest will on September 23, 2024 or September 23, 2025, if original performance criteria is not earlier achieved), subject to the Reporting Person's continued service with the Issuer and the terms of the applicable award agreement.