Charles Bracher - 29 Jun 2023 Form 4 Insider Report for Grocery Outlet Holding Corp. (GO)

Role
Chief Financial Officer
Signature
/s/ Lauri Fischer, Lauri Fischer, attorney-in-fact
Issuer symbol
GO
Transactions as of
29 Jun 2023
Net transactions value
-$2,633,167
Form type
4
Filing time
30 Jun 2023, 17:23:09 UTC
Previous filing
08 Mar 2023
Next filing
04 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GO Common Stock Options Exercise $203,321 +53,365 +48% $3.81* 164,840 29 Jun 2023 Direct
transaction GO Common Stock Options Exercise $379,651 +53,247 +32% $7.13* 218,087 29 Jun 2023 Direct
transaction GO Common Stock Sale $2,175,710 -72,115 -33% $30.17 145,972 29 Jun 2023 Direct F1, F2
transaction GO Common Stock Sale $1,040,430 -34,497 -24% $30.16 111,475 29 Jun 2023 Direct F1, F3
holding GO Common Stock 1,410 29 Jun 2023 By spouse
holding GO Common Stock 400 29 Jun 2023 By child F4
holding GO Common Stock 400 29 Jun 2023 By child F5
holding GO Common Stock 400 29 Jun 2023 By child 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 GO Stock Options (Right to Buy) Options Exercise $0 -53,365 -100% $0.000000* 0 29 Jun 2023 Common Stock 53,365 $3.81 Direct F7
transaction GO Stock Options (Right to Buy) Options Exercise $0 -53,247 -68% $0.000000 25,000 29 Jun 2023 Common Stock 53,247 $7.13 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a previously adopted Rule 10b5-1 trading plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.32, inclusive. The reporting person undertakes to provide to Grocery Outlet Holding Corp. (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 sold at each separate price within the ranges set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.29, inclusive. The reporting person undertakes to provide to Grocery Outlet Holding Corp. (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 sold at each separate price within the ranges set forth in this footnote.
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 middle 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.
F7 These stock options are vested and exercisable and have an expiration date of 11/25/2024.