Rashida La Lande - Aug 16, 2023 Form 4 Insider Report for Kraft Heinz Co (KHC)

Signature
/s/ Nicole Fritz by Power of Attorney
Stock symbol
KHC
Transactions as of
Aug 16, 2023
Transactions value $
-$1,375,017
Form type
4
Date filed
8/18/2023, 04:21 PM
Previous filing
Aug 9, 2023
Next filing
Nov 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KHC Common Stock Tax liability -$1.01M -30K -14.54% $33.56 176K Aug 16, 2023 Direct F1
transaction KHC Common Stock Sale -$369K -11K -6.24% $33.55 165K Aug 17, 2023 Direct F2, F3
* 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 Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of performance share units and restricted stock units.
F2 Effected pursuant to a pre-arranged trading plan adopted by the reporting person on May 4, 2023, in accordance with Rule 10b5-1 of the Securities Act of 1934, as amended.
F3 This transaction was executed in multiple trades at prices ranging from $33.40 to $33.63. The price reported above reflects the weighted average sale price. Ms. La Lande hereby undertakes to provide upon request to the SEC staff, the Issuer, or a stockholder of the Issuer full information regarding the number of shares and the prices at which the transaction was effected.