Adrian Poretti - Oct 3, 2022 Form 4 Insider Report for Hostess Brands, Inc. (TWNK)

Role
Senior Vice President, Chief Supply Chain Officer
Signature
/s/ Jolyn J. Sebree, Attorney-in-Fact
Stock symbol
TWNK
Transactions as of
Oct 3, 2022
Transactions value $
$0
Form type
4
Date filed
10/5/2022, 04:49 PM
Previous filing
Oct 5, 2022
Next filing
Jan 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWNK Class A Common Stock, par value $0.0001 per share Award $0 +8.4K $0.00 8.4K Oct 3, 2022 Direct F1
transaction TWNK Class A Common Stock, par value $0.0001 per share Award $0 +16.8K +200.01% $0.00 25.2K Oct 3, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the reporting person's hiring as Senior Vice President, Chief Supply Chain Officer of Hostess Brands, Inc. (the "Company"), the Company has granted two awards of restricted stock units to the reporting person. Each restricted stock unit represents the right to receive, upon vesting one share of Class A Common Stock. This award will vest over three years in equal or nearly equal installments on October 3 of each of 2023, 2024, and 2025, assuming continued employment through the applicable vesting date.
F2 The second restricted stock unit award was a sign-on equity award with a two-year vesting period. These restricted stock units will vest in equal or nearly equal installments on October 3, of each 2023 and 2024, assuming continued employment through such vesting date.

Remarks:

Senior Vice President, Chief Supply Chain Officer