Frank H. Smalla - Mar 16, 2022 Form 4 Insider Report for BOSTON BEER CO INC (SAM)

Role: Chief Financial Officer
Signature: Michael G. Andrews under POA for the benefit of Frank H. Smalla
Stock symbol: SAM
Transactions as of: Mar 16, 2022
Transactions value $: $17,716
Form type: 4
Date filed: 3/17/2022, 04:01 PM
Previous filing: Mar 24, 2022
Next filing: Jan 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAM	Class A Common	Award	$17.7K	+77	+0.48%	$230.08	16.1K	Mar 16, 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The shares were purchased pursuant to the Issuer's Employee Equity Incentive Plan on March 16, 2022, with an effective grant date of March 1, 2022. Under this plan, tenured employees may purchase restricted shares at a discounted price. These restricted shares vest in five equal installments over a five year period, provided that the Reporting Person remains employed by the Issuer as of the applicable vesting date. The first installment vests one year from the grant date and the final installment vests five years from the grant date. These shares have no expiration date.
F2	The shares reported include 10.056 shares of restricted stock subject to vesting conditions.

Content

The shares were purchased pursuant to the Issuer's Employee Equity Incentive Plan on March 16, 2022, with an effective grant date of March 1, 2022. Under this plan, tenured employees may purchase restricted shares at a discounted price. These restricted shares vest in five equal installments over a five year period, provided that the Reporting Person remains employed by the Issuer as of the applicable vesting date. The first installment vests one year from the grant date and the final installment vests five years from the grant date. These shares have no expiration date.

The shares reported include 10.056 shares of restricted stock subject to vesting conditions.