Charles Bracher - Mar 2, 2023 Form 4 Insider Report for Grocery Outlet Holding Corp. (GO)

Role
Chief Financial Officer
Signature
/s/ Lauri Fischer, Lauri Fischer, attorney-in-fact
Stock symbol
GO
Transactions as of
Mar 2, 2023
Transactions value $
-$124,513
Form type
4
Date filed
3/6/2023, 04:35 PM
Previous filing
Oct 31, 2022
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GO Common Stock Award $0 +34.3K +44.46% $0.00 112K Mar 2, 2023 Direct F1
transaction GO Common Stock Award $0 +17.4K +15.62% $0.00 129K Mar 2, 2023 Direct F2
transaction GO Common Stock Sale -$125K -4.54K -3.52% $27.46 124K Mar 3, 2023 Direct F3
holding GO Common Stock 1.41K Mar 2, 2023 By spouse
holding GO Common Stock 400 Mar 2, 2023 By child F4
holding GO Common Stock 400 Mar 2, 2023 By child F5
holding GO Common Stock 400 Mar 2, 2023 By child F6
* 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 17,429 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 26,143 unvested PSUs at target achievement (or up to an additional 52,286 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.
F4 Reflects shares directly held by a trust for the benefit of the reporting person's eldest child, who shares the reporting person's household. The reporting person disclaims beneficial ownership of the shares held on behalf of his child by this trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
F5 Reflects shares directly held by a trust for the benefit of the reporting person's second eldest child, who shares the reporting person's household. The reporting person disclaims beneficial ownership of the shares held on behalf of his child by this trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
F6 Reflects shares directly held by a trust for the benefit of the reporting person's youngest child, who shares the reporting person's household. The reporting person disclaims beneficial ownership of the shares held on behalf of his child by this trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.