Miguel Patricio - 02 Jan 2024 Form 4 Insider Report for Kraft Heinz Co (KHC)

Role
Director
Signature
/s/ Heidi Miller by Power of Attorney
Issuer symbol
KHC
Transactions as of
02 Jan 2024
Net transactions value
-$4,999,025
Form type
4
Filing time
04 Jan 2024, 16:23:46 UTC
Previous filing
03 Mar 2023
Next filing
05 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KHC Common Stock Sale $4,999,025 -131,500 -12% $38.02 992,049 02 Jan 2024 By trust F1, F2
holding KHC Common Stock 563,570 02 Jan 2024 Direct 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 Effected pursuant to a pre-arranged trading plan established in accordance with Rule 10b5-1 of the Securities Act of 1934, as amended.
F2 This transaction was executed in multiple trades at prices ranging from $38.00 to $38.06. The price reported above reflects the weighted average sale price. Mr. Patricio 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.
F3 Includes an additional 6,332 shares acquired through a dividend reinvestment program.