John Merris - Nov 18, 2022 Form 4 Insider Report for Solo Brands, Inc. (DTC)

Role: President & CEO, Director
Signature: /s/ Kent Christensen, Attorney-in-Fact for John Merris
Stock symbol: DTC
Transactions as of: Nov 18, 2022
Transactions value $: -$20,097
Form type: 4
Date filed: 11/21/2022, 07:48 PM
Previous filing: Oct 4, 2022
Next filing: Dec 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DTC	Class A Common Stock	Options Exercise	$0	+18.4K	+15.56%	$0.00	137K	Nov 18, 2022	Direct
transaction	DTC	Class A Common Stock	Tax liability	-$20.1K	-4.48K	-3.28%	$4.49	132K	Nov 18, 2022	Direct	F1
holding	DTC	Class A Common Stock						2.5K	Nov 18, 2022	By Son

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	DTC	Restricted Stock Unit	Options Exercise	$0	-18.4K	-25%	$0.00	55.1K	Nov 18, 2022	Class A Common Stock	18.4K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Represents the number of shares withheld to cover tax withholding obligations in connection with the vesting of restricted stock units ("RSUs").
F2	Each RSU represents a contingent right to receive one share of Class A Common Stock.
F3	Represents the vesting of 25% of the RSUs granted on November 5, 2021 pursuant to the Issuer's 2021 Incentive Award Plan. The remaining unvested RSUs will vest in twelve approximately equal quarterly installments.