James Grant Conroy - Feb 29, 2024 Form 4 Insider Report for Boot Barn Holdings, Inc. (BOOT)

Signature
/s/ James Grant Conroy
Stock symbol
BOOT
Transactions as of
Feb 29, 2024
Transactions value $
-$1,391,508
Form type
4
Date filed
2/29/2024, 05:41 PM
Previous filing
Jan 29, 2024
Next filing
Apr 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOOT Common Stock Options Exercise $408K +19.5K +42.09% $20.94 65.8K Feb 29, 2024 Direct
transaction BOOT Common Stock Sale -$1.8M -19.5K -29.62% $92.38 46.3K Feb 29, 2024 Direct F1
holding BOOT Common Stock 58.3K Feb 29, 2024 Direct F2

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 -19.5K -66.67% $0.00 9.74K Feb 29, 2024 Common Stock 19.5K $20.94 Direct F3
holding BOOT Options 31.2K Feb 29, 2024 Common Stock 31.2K $24.08 Direct F3
holding BOOT Options 18.9K Feb 29, 2024 Common Stock 18.9K $28.63 Direct F4
holding BOOT Options 86.2K Feb 29, 2024 Common Stock 86.2K $86.96 Direct F5
* 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 February 29, 2024. The shares were sold in multiple transactions at prices ranging from $91.32 to $93.40, 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 Consists of the total number of shares of common stock underlying restricted stock units held by the reporting person as of February 29, 2024 that remain subject to time-based vesting.
F3 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.
F4 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.
F5 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.