Antonio F. Fernandez - Mar 7, 2022 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Role: Director
Signature: /s/ Jeremiah G. Garvey, as attorney-in-fact for Antonio F. Fernandez
Stock symbol: UTZ
Transactions as of: Mar 7, 2022
Transactions value $: $353,691
Form type: 4
Date filed: 3/8/2022, 07:17 PM
Previous filing: May 24, 2021
Next filing: May 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UTZ	Class A Common Stock	Purchase	$354K	+25.7K	+13.64%	$13.76	214K	Mar 7, 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The Price reported in this box in Column 4 is a weighted average price. The shares were purchased in transactions at prices ranging from $13.67 to $13.87. The reporting person undertakes to provide to the Issuer, any security holder 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.
F2	Includes 4,392 shares of the Issuer's Class A Common Stock that are subject to a restricted stock unit award under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (the "Plan"). Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. The restricted stock units vest under the following schedule: subject to the terms of the restricted stock unit award agreement, 100% of the shares subject to the restricted stock units vest on May 5, 2022, subject to the reporting person's continuous service to the Issuer through such dates and subject to certain conditions detailed in the Plan.

Content

The Price reported in this box in Column 4 is a weighted average price. The shares were purchased in transactions at prices ranging from $13.67 to $13.87. The reporting person undertakes to provide to the Issuer, any security holder 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.

Includes 4,392 shares of the Issuer's Class A Common Stock that are subject to a restricted stock unit award under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (the "Plan"). Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. The restricted stock units vest under the following schedule: subject to the terms of the restricted stock unit award agreement, 100% of the shares subject to the restricted stock units vest on May 5, 2022, subject to the reporting person's continuous service to the Issuer through such dates and subject to certain conditions detailed in the Plan.