Jason R. Vanderbrink - May 9, 2023 Form 4 Insider Report for Vista Outdoor Inc. (VSTO)

Signature
/s/ Jeffrey Ehrich, attorney-in-fact
Stock symbol
VSTO
Transactions as of
May 9, 2023
Transactions value $
-$744,915
Form type
4
Date filed
5/11/2023, 01:48 PM
Previous filing
Apr 4, 2023
Next filing
May 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VSTO Common Stock Sale -$745K -26.5K -25.27% $28.11 78.4K May 9, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $28.01 to $28.385, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.
F2 Consists of restricted stock units subject to certain vesting periods and other restrictions under the Issuer's 2020 Stock Incentive Plan.