Benefit Philip A. Hodges - 24 May 2023 Form 4/A - Amendment Insider Report for BOSTON BEER CO INC (SAM)

Role: Chief Supply Chain Officer
Signature: Michael G. Andrews under POA for the benefit of Philip A. Hodges
Issuer symbol: SAM
Transactions as of: 24 May 2023
Net transactions value: $0
Form type: 4/A - Amendment
Filing time: 23 Jun 2023, 10:57:32 UTC
Date Of Original Report: 25 May 2023
Previous filing: 24 May 2023
Next filing: 04 Mar 2024
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	Award	$0	+6,049	+371%	$0.000000	7,679	24 May 2023	Direct	F1, F2
transaction	SAM	Class A Common	Award	$0	+9,073	+118%	$0.000000	16,752	24 May 2023	Direct	F3, F4

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	May 24, 2023 Performance-Based Stock Option	Award	$0	+6,348		$0.000000	6,348	24 May 2023	Class A Common	6,348	$330.68	Direct	F5
transaction	SAM	May 24, 2023 Stock Option	Award	$0	+13,276	+99%	$0.000000	26,715	24 May 2023	Class A Common	13,276	$330.68	Direct	F6, F7

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

Explanation of Responses:

Id	Content
F1	Represents a grant of Restricted Stock Units ("RSUs") under the Issuer's Restated Employee Equity Incentive Plan ("EEIP"). The RSUs will vest in four equal installments over a four year period, provided that the Reporting Person remains employed by the Issuer as of certain related dates, and subject to accelerated vesting in certain situations.
F2	The shares reported include 6,049 shares of restricted stock subject to vesting conditions.
F3	Represents a grant of performance-based RSUs under the EEIP. The vesting and vesting schedule of the RSUs are subject to certain performance criteria related to gross margin and employee engagement, subject accelerated vesting in certain situations.
F4	The shares reported include 15,122 shares of restricted stock subject to vesting conditions.
F5	Represents a grant of performance-based stock options under the EEIP. The vesting and vesting schedule of the options are subject to certain performance criteria related to gross margin and employee engagement, subject accelerated vesting in certain situations.
F6	Represents a grant of stock options under the EEIP. The options will vest in four equal installments over a four year period, provided that the Reporting Person remains employed by the Issuer as of certain related dates, and subject to accelerated vesting in certain situations.
F7	The original Form 4, filed on May 25, 2023 is being amended by this Form 4/A to correct an administrative error, which misreported the total number of derivative securities acquired as 13,439 shares when it should have been 13,276 shares.