Benefit David L. Grinnell - 08 Dec 2021 Form 4 Insider Report for BOSTON BEER CO INC (SAM)

Role: Vice President of Brewing
Signature: Michael G. Andrews under POA for the benefit of David L. Grinnell
Issuer symbol: SAM
Transactions as of: 08 Dec 2021
Net transactions value: -$728,878
Form type: 4
Filing time: 09 Dec 2021, 15:38:58 UTC
Previous filing: 02 Aug 2022
Next filing: 04 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAM	Class A Common	Options Exercise	$254,775	+1,500	+86%	$169.85	3,251	08 Dec 2021	Direct	F1, F2
transaction	SAM	Class A Common	Options Exercise	$57,330	+300	+9.2%	$191.10	3,551	08 Dec 2021	Direct	F1, F2
transaction	SAM	Class A Common	Options Exercise	$62,512	+200	+5.6%	$312.56	3,751	08 Dec 2021	Direct	F1, F2
transaction	SAM	Class A Common	Sale	$228,372	-467	-12%	$489.02	3,284	08 Dec 2021	Direct	F1, F2, F3
transaction	SAM	Class A Common	Sale	$161,240	-329	-10%	$490.09	2,955	08 Dec 2021	Direct	F1, F2, F4
transaction	SAM	Class A Common	Sale	$171,994	-350	-12%	$491.41	2,605	08 Dec 2021	Direct	F1, F5, F6
transaction	SAM	Class A Common	Sale	$108,306	-220	-8.4%	$492.30	2,385	08 Dec 2021	Direct	F1, F2, F7
transaction	SAM	Class A Common	Sale	$493	-1	-0.04%	$493.00	2,384	08 Dec 2021	Direct	F1, F2
transaction	SAM	Class A Common	Sale	$263,670	-533	-22%	$494.69	1,851	08 Dec 2021	Direct	F1, F2, F8
transaction	SAM	Class A Common	Sale	$49,579	-100	-5.4%	$495.79	1,751	08 Dec 2021	Direct	F1, 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	SAM	1-1-2017 Stock Option	Options Exercise	$0	-1,500	-92%	$0.000000	126	08 Dec 2021	Class A Common	2,440	$169.85	Direct	F1, F9
transaction	SAM	1-1-2018 Stock Option	Options Exercise	$57,330	-300	-30%	$191.10	707	08 Dec 2021	Class A Common	1,511	$191.10	Direct	F1, F9
transaction	SAM	3-1-2019 Stock Option	Options Exercise	$62,512	-200	-61%	$312.56	130	08 Dec 2021	Class A Common	992	$312.56	Direct	F1, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The transactions reported in this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 8, 2021.
F10	The option vests in three annual installments: the first on March 1, 2021, and the final vesting on March 1, 2023, provided that the Reporting Person remains employed by the Issuer on the applicable vesting dates.
F2	The shares reported include 1,045 shares of restricted stock subject to vesting conditions.
F3	The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 467 shares is from $489.00 to $489.50. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
F4	The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 329 shares is from $490.00 to $490.20. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
F5	The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 350 shares is from $491.00 to $491.87. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
F6	The shares reported include 1,325 shares of restricted stock subject to vesting conditions.
F7	The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 220 shares is from $492.00 to $492.41. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
F8	The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 533 shares is from $494.65 to $495.26. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
F9	The option vests in three annual installments: the first on March 1, 2020, and the final vesting on January 1, 2022, provided that the Reporting Person remains employed by the Issuer on the applicable vesting dates.