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

Role
PRESIDENT AND CEO, Director
Signature
/s/ Jason Minio, Attorney-in-Fact
Issuer symbol
VITL
Transactions as of
10 Mar 2024
Net transactions value
-$543,315
Form type
4
Filing time
12 Mar 2024, 20:11:59 UTC
Previous filing
11 Mar 2024
Next filing
15 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VITL Common Stock Tax liability $67,211 -3,277 -1.5% $20.51 220,291 10 Mar 2024 Direct F1
transaction VITL Common Stock Award $0 +95,283 +43% $0.000000 315,574 11 Mar 2024 Direct F2
transaction VITL Common Stock Options Exercise $186,501 +35,000 +11% $5.33 350,574 12 Mar 2024 Direct
transaction VITL Common Stock Sale $662,604 -31,643 -9% $20.94 318,931 12 Mar 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 -35,000 -3.4% $0.000000 987,970 12 Mar 2024 Common Stock 35,000 $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.