BAKER ADOLPHUS B - 07 Dec 2022 Form 4 Insider Report for CAL-MAINE FOODS INC (CALM)

Role: Chairman of the Board, Director, 10%+ Owner
Signature: /s/Robert L. Holladay, Jr., on behalf of Adolphus B. Baker, pursuant to a power of attorney
Issuer symbol: CALM
Transactions as of: 07 Dec 2022
Net transactions value: -$155,105
Form type: 4
Filing time: 17 Jan 2023, 16:25:34 UTC
Previous filing: 28 Apr 2022
Next filing: 27 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CALM	Common Stock	Tax liability	$155,105	-2,867	-1.8%	$54.10	156,947	14 Jan 2023	Direct	F1
transaction	CALM	Common Stock	Gift	$0	-3,871	-2.4%	$0.000000	159,814	07 Dec 2022	Direct
transaction	CALM	Common Stock	Award	$0	+1,898	+1.2%	$0.000000	163,685	13 Jan 2023	Direct	F2
holding	CALM	Common Stock						147,031	07 Dec 2022	By KSOP	F3
holding	CALM	Common Stock						1,087,956	07 Dec 2022	By DLNL, LLC, a family LLC	F4
holding	CALM	Common Stock						5,060	07 Dec 2022	By wife's KSOP	F3, F5
holding	CALM	Class A Common Stock						4,800,000	07 Dec 2022	By DLNL, LLC, a family LLC	F6
holding	CALM	Common Stock						230,570	07 Dec 2022	By wife	F5

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

Explanation of Responses:

Id	Content
F1	Shares withheld to cover taxes due upon the vesting of restricted stock.
F2	Represents a grant of time-vesting restricted stock, which will vest on the third anniversary of the date of grant.
F3	Represents current allocation under KSOP.
F4	The reporting person disclaims beneficial ownership of all Common Stock held in the family-owned LLC except to the extent of his pecuniary interest therein, and this report should not be deemed an admission that the reporting person is the beneficial owner for purposes of Section 16 or any other purpose.
F5	The reporting person disclaims beneficial ownership of all securities held by his wife, directly or indirectly, and this report should not be deemed an admission that the reporting person is the beneficial owner for the purposes of Section 16 or any other purpose.
F6	The reporting person disclaims beneficial ownership of the shares of Class A Common Stock held in the family-owned LLC except to the extent of his pecuniary interest therein, and this report should not be deemed an admission that the reporting person is the beneficial owner for purposes of Section 16 or any other purpose.