Russell Diez-Canseco - Mar 10, 2024 Form 4 Insider Report for Vital Farms, Inc. (VITL)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Jason Minio, Attorney-in-Fact
Stock symbol
VITL
Transactions as of
Mar 10, 2024
Transactions value $
-$543,315
Form type
4
Date filed
3/12/2024, 08:11 PM
Previous filing
Mar 11, 2024
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VITL Common Stock Tax liability -$67.2K -3.28K -1.47% $20.51 220K Mar 10, 2024 Direct F1
transaction VITL Common Stock Award $0 +95.3K +43.25% $0.00 316K Mar 11, 2024 Direct F2
transaction VITL Common Stock Options Exercise $187K +35K +11.09% $5.33 351K Mar 12, 2024 Direct
transaction VITL Common Stock Sale -$663K -31.6K -9.03% $20.94 319K Mar 12, 2024 Direct F3, F4

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 VITL Employee Stock Option (right to buy) Options Exercise $0 -35K -3.42% $0.00 988K Mar 12, 2024 Common Stock 35K $5.33 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by the Issuer to satisfy withholding tax obligation.
F2 Represents a restricted stock unit ("RSU") award. The RSUs vest in three equal annual installments commencing on March 11, 2025, subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date.
F3 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 8, 2023.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.66 to $21.02 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 One-fifth (1/5th) of the shares subject to the option vested or will vest in equal annual installments commencing on August 22, 2020, subject to the Reporting Person continuing to provide service through each such date.