Rashida la Lande - 01 Jun 2024 Form 4 Insider Report for Kraft Heinz Co (KHC)

Signature
/s/ Nicole Fritz by Power of Attorney
Issuer symbol
KHC
Transactions as of
01 Jun 2024
Net transactions value
-$634,460
Form type
4
Filing time
04 Jun 2024, 16:42:56 UTC
Previous filing
08 May 2024
Next filing
19 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KHC Common Stock Tax liability $350,870 -9,920 -6.3% $35.37 148,346 01 Jun 2024 Direct F1
transaction KHC Common Stock Sale $283,589 -8,017 -5.4% $35.37 140,329 03 Jun 2024 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 established 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 $35.26 to $35.475. 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.