Russell Diez-Canseco - 10 Jun 2024 Form 4/A 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 Jun 2024
Net transactions value
-$3,544,674
Form type
4/A
Filing time
16 Jul 2024, 16:25:14 UTC
Date Of Original Report
12 Jun 2024
Previous filing
17 May 2024
Next filing
14 Jun 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 Options Exercise $477,970 +89,699 +22% $5.33 501,482 10 Jun 2024 Direct
transaction VITL Common Stock Sale $2,707,411 -66,685 -13% $40.60 434,797 10 Jun 2024 Direct F1
transaction VITL Common Stock Sale $949,328 -23,014 -5.3% $41.25 411,783 10 Jun 2024 Direct F2
transaction VITL Common Stock Options Exercise $54,890 +10,301 +2.5% $5.33 422,084 11 Jun 2024 Direct
transaction VITL Common Stock Sale $420,796 -10,301 -2.4% $40.85 411,783 11 Jun 2024 Direct F3

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 -89,699 -11% $0.000000 753,823 10 Jun 2024 Common Stock 89,699 $5.33 Direct F4
transaction VITL Employee Stock Option (right to buy) Options Exercise $0 -10,301 -1.4% $0.000000 743,522 11 Jun 2024 Common Stock 10,301 $5.33 Direct F4
* 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. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.9934 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 ranges set forth in footnotes (1), (2) and (3).
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.00 to $41.58 inclusive.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.305 to $41.24 inclusive.
F4 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.

Remarks:

On June 12, 2024, the Reporting Person filed a Form 4 which inadvertently checked the box indicating that a transaction reported therein was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) and included a footnote confirming the same. This amended Form 4 is being filed solely to uncheck this box, remove the footnote and re-state, in entirety and without change, the transactions that were previously reported on the Form 4 filed on June 12, 2024.