D. Deverl Maserang II - Sep 13, 2023 Form 4 Insider Report for FARMER BROTHERS CO (FARM)

Role: Former Director and CEO
Signature: /s/ Jared Vitemb, Attorney-in-fact for D. Deverl Maserang II
Stock symbol: FARM
Transactions as of: Sep 13, 2023
Transactions value $: $0
Form type: 4
Date filed: 10/19/2023, 02:41 PM
Previous filing: Jul 18, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FARM	Common Stock	Award	$0	+123K	+49.66%	$0.00	372K	Sep 13, 2023	Direct	F1, F2
transaction	FARM	Common Stock	Gift	$0	-199K	-53.36%	$0.00	174K	Sep 15, 2023	Direct	F3
transaction	FARM	Common Stock	Other	$0	-119K	-68.53%	$0.00	54.6K	Oct 1, 2023	Direct	F4
holding	FARM	Common Stock						331K	Sep 13, 2023	Held in the Maserang Living Trust
holding	FARM	Common Stock						9.21K	Sep 13, 2023	Held in the Company's 401(k) Plan

Showing 1 to 5 of 5 entries

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

Explanation of Responses:

Id	Content
F1	Vesting of performance-based restricted stock units pursuant to award for the FY2021-FY2023 performance period.
F2	Since November 2019, the reporting person's direct ownership totals have incorrectly included 13,000 shares owned indirectly by the Maserang Living Trust.
F3	Bona fide gift for no consideration to Maserang Living Trust.
F4	Pursuant to the terms of restricted stock units granted on 9/13/2021 and 11/01/2022, all unvested shares pertaining to those grants (being 37,538 and 117,187 shares, respectively) would be forfeited on separation from service. However, as previously reported on the Issuer's Form 8-K, 35,806 shares relating to the 11/01/2022 grant were accelerated and vested effective 10/1/23. As such, a total of 118,919 shares were forfeited on 10/01/2023 in connection with reporting person's separation from service.