Andrea Renee Bortner - Mar 2, 2023 Form 4 Insider Report for Grocery Outlet Holding Corp. (GO)

Signature
/s/ Lauri Fischer, Lauri Fischer, as Attorney-in-Fact
Stock symbol
GO
Transactions as of
Mar 2, 2023
Transactions value $
-$94,915
Form type
4
Date filed
3/6/2023, 04:30 PM
Previous filing
Mar 7, 2022
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GO Common Stock Award $0 +25.5K +80.38% $0.00 57.3K Mar 2, 2023 Direct F1
transaction GO Common Stock Award $0 +12.9K +22.6% $0.00 70.2K Mar 2, 2023 Direct F2
transaction GO Common Stock Sale -$94.9K -3.46K -4.93% $27.46 66.7K Mar 3, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents fully vested shares of the Issuer's Common Stock acquired by the reporting person upon certification by the Issuer's Compensation Committee that certain performance-based vesting conditions had been satisfied with respect to performance stock units ("PSUs") granted to the reporting person on May 13, 2020.
F2 Represents 12,938 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, 2023 to March 1, 2026, subject to the continued service of the reporting person through such vesting dates. Does not include up to an additional 19,407 unvested PSUs at target achievement (or up to an additional 38,814 unvested PSUS at maximum achievement) which are eligible to vest upon the achievement of certain performance-based vesting conditions.
F3 These shares were sold to satisfy the reporting person's tax withholding obligation upon vesting of RSUs previously granted.