William R. Johnson - Mar 12, 2024 Form 4 Insider Report for Sovos Brands, Inc. (SOVO)

Role
Director
Signature
/s/ Isobel A. Jones, Attorney-in-Fact
Stock symbol
SOVO
Transactions as of
Mar 12, 2024
Transactions value $
$0
Form type
4
Date filed
3/14/2024, 03:33 PM
Previous filing
Jun 9, 2023
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOVO Common Stock Disposed to Issuer -17.2K -1.2% 1.42M Mar 12, 2024 Direct F1, F2
transaction SOVO Common Stock Disposed to Issuer -1.37M -96.33% 52K Mar 12, 2024 Direct F1, F3
transaction SOVO Common Stock Disposed to Issuer -52K -100% 0 Mar 12, 2024 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

William R. Johnson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of in connection with the acquisition of the Issuer (the "Merger") by Campbell Soup Company ("Campbell's") pursuant to the Agreement and Plan of Merger, dated August 7, 2023 (the "Merger Agreement"), among Campbell's, Premium Products Merger Sub, Inc., and the Issuer.
F2 Shares of Issuer restricted common stock were forfeited pursuant to the terms of the applicable award agreements.
F3 Shares of the Issuer common stock were cancelled and converted into the right to receive an amount in cash of $23.00 per share pursuant to the Merger Agreement.
F4 Restricted stock units previously granted to the Reporting Person by the Issuer were cancelled and converted into the right to receive an amount in cash of $23.00 per share pursuant to the Merger Agreement.