David A. Burwick - 18 May 2022 Form 4 Insider Report for BOSTON BEER CO INC (SAM)

Role: President and CEO, Director
Signature: Michael G. Andrews under POA for the benefit of David A. Burwick
Issuer symbol: SAM
Transactions as of: 18 May 2022
Net transactions value: -$779,731
Form type: 4
Filing time: 19 May 2022, 16:01:41 UTC
Previous filing: 02 May 2022
Next filing: 17 Jun 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	$238,031	+2,274	+5.3%	$104.68	45,408	18 May 2022	Direct	F1, F2
transaction	SAM	Class A Common	Sale	$101,717	-302	-0.67%	$336.81	45,106	18 May 2022	Direct	F1, F2, F3
transaction	SAM	Class A Common	Sale	$100,679	-298	-0.66%	$337.85	44,808	18 May 2022	Direct	F1, F2, F4
transaction	SAM	Class A Common	Sale	$101,850	-300	-0.67%	$339.50	44,508	18 May 2022	Direct	F1, F2, F5
transaction	SAM	Class A Common	Sale	$34,060	-100	-0.22%	$340.60	44,408	18 May 2022	Direct	F1, F2
transaction	SAM	Class A Common	Sale	$103,191	-300	-0.68%	$343.97	44,108	18 May 2022	Direct	F1, F2, F6
transaction	SAM	Class A Common	Sale	$138,116	-400	-0.91%	$345.29	43,708	18 May 2022	Direct	F1, F2, F7
transaction	SAM	Class A Common	Sale	$48,927	-141	-0.32%	$347.00	43,567	18 May 2022	Direct	F1, F2, F8
transaction	SAM	Class A Common	Sale	$151,191	-433	-0.99%	$349.17	43,134	18 May 2022	Direct	F1, F2, F9
holding	SAM	Class A Common						10,457	18 May 2022	In a Spousal Lifetime Access Trust for the benefit of the Reporting Person's Spouse

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	Stock Option (Right to Buy)	Options Exercise	$238,031	-2,274	-100%	$104.68	0	18 May 2022	Class A Common	2,274	$104.68	Direct	F1

* 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 effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 9, 2021.
F2	The shares reported include 14,557 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 302 shares is from $336.42 to $337.18. 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 298 shares is from $337.45 to $338.31. 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 300 shares is from $339.05 to $339.73. 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 price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 300 shares is from $343.71 to $344.17. 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.
F7	The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 400 shares is from $345.27 to $345.30. 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 141 shares is from $346.29 to $347.42 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 price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 433 shares is from $348.32 to $349.31. 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.