Benefit Philip A. Hodges - 01 Mar 2024 Form 4 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: 01 Mar 2024
Net transactions value: -$155,303
Form type: 4
Filing time: 04 Mar 2024, 16:07:01 UTC
Previous filing: 23 Jun 2023
Next filing: 04 Mar 2025
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	Tax liability	$155,303	-504	-3%	$308.14	16,248	01 Mar 2024	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	May 24, 2023 Stock Option	Award	$0	+3,319	+33%	$0.000000	13,276	01 Mar 2024	Class A Common	13,276	$330.68	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The Issuer net withheld the vesting of a percentage of shares to satisfy the tax obligations of the Reporting Person flowing from the vesting of Restricted Stock Units ("RSUs"). The Reporting Person had a total of 1,512 RSUs vest on March 1, 2024.
F2	The shares reported include 13,610 shares of restricted stock subject to vesting conditions.
F3	The Time-Based Stock Options were granted pursuant to the Issuer's Restated Employee Equity Incentive Plan ("EEIP") on May 24, 2023. The options vest in four equal installments on March 1 in the years 2024-2027 provided that the Reporting Person remains employed by the Company on certain corresponding dates, and subject to accelerated vesting in certain situations.