Pamela B. Burke - 03 Mar 2022 Form 4 Insider Report for Grocery Outlet Holding Corp. (GO)

Role
Chief Stores Officer, Interim General Counsel and Secretary
Signature
/s/ Lauri Fischer, Lauri Fischer, as Attorney-in-Fact
Issuer symbol
GO
Transactions as of
03 Mar 2022
Net transactions value
-$64,222
Form type
4
Filing time
07 Mar 2022, 18:21:23 UTC
Next filing
09 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GO Common Stock Sale $64,222 -2,267 -13% $28.33 15,284 03 Mar 2022 Direct F1
transaction GO Common Stock Award $0 +12,824 +84% $0.000000 28,108 03 Mar 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold to satisfy the reporting person's tax withholding obligation upon vesting of RSUs previously granted.
F2 Represents 12,824 restricted stock units ("RSUs") granted to the reporting person that will entitle the reporting person to receive one share of the Issuer's Common Stock per RSU. The RSUs will vest, and the underlying shares will be concurrently issued in a series of three equal installments upon the reporting person's completion of each 12 month period of service over the period measured from March 1, 2022 to March 1, 2025, subject to the continued service of the reporting person through such vesting dates. Does not include up to an additional 19,235 unvested performance stock units at target achievement (or up to an additional 38,470 unvested performance stock units at maximum achievement) which are eligible to vest upon the achievement of certain performance-based vesting conditions.

Remarks:

Chief Stores Officer, Interim General Counsel and Secretary