Joseph Scalzo - Nov 8, 2021 Form 4 Insider Report for Simply Good Foods Co (SMPL)

Signature
/s/ Timothy R. Kraft, as Attorney-in-Fact for Joseph E. Scalzo
Stock symbol
SMPL
Transactions as of
Nov 8, 2021
Transactions value $
-$5,457,770
Form type
4
Date filed
11/10/2021, 06:46 PM
Previous filing
Oct 25, 2021
Next filing
Nov 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMPL Common Stock Award $0 +13.7K +12.74% $0.00 122K Nov 8, 2021 Direct F1
transaction SMPL Common Stock Tax liability -$968K -23.7K -19.49% $40.88 97.9K Nov 8, 2021 Direct F2
transaction SMPL Common Stock Sale -$2.08M -52.3K -53.45% $39.75 45.6K Nov 10, 2021 Direct F3, F4
transaction SMPL Common Stock Sale -$1.21M -30.4K -55.23% $39.85 24.6K Nov 10, 2021 By GRAT F3, F5
transaction SMPL Common Stock Sale -$1.2M -30.1K -41.07% $39.85 43.2K Nov 10, 2021 By Trust F3, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SMPL Options to Purchase Common Stock Award $0 +36.2K $0.00 36.2K Nov 8, 2021 Common Stock 36.2K $40.88 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents time-based restricted stock units ("RSUs") granted under the issuer's 2017 Omnibus Incentive Plan. Each RSU represents the contingent right to receive one share of the issuer's common stock. The RSUs vest in three substantially equal annual installments beginning on November 8, 2022, subject to the reporting person's continuous service with the issuer as of each vesting date.
F2 Represents shares withheld by the Issuer to cover the tax withholding obligations upon the vesting of previously issued performance stock units and restricted stock units.
F3 This transaction was effective pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 8/16/2021. The Rule 10b5-1 trading plan, which was structured to include several sale periods, was established as part of the Reporting Person's long-term strategy for asset diversification and financial, retirement, estate and tax planning activities over a period of time.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $39.61 to $39.90, inclusive. The reporting person undertakes to provide to the issuer, any stockholder 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 range set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $39.60 to $40.29, inclusive. The reporting person undertakes to provide to the issuer, any stockholder 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 range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $39.62 to $40.29, inclusive. The reporting person undertakes to provide to the issuer, any stockholder 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 range set forth in this footnote.
F7 The stock options vest in three substantially equal annual installments beginning on November 8, 2022, subject to the reporting person's continuous service with the issuer as of each vesting date.