Series R of UM Partners, LLC - 13 Jan 2025 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Reporting relationship: 10%+ Owner
Issuer ticker: UTZ
Reported as of: 13 Jan 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 15 Jan 2025, 17:00:25 UTC
Prior SEC filing: 12 Nov 2024
Next SEC filing: 04 Nov 2025
Source filing: View source filing
Reporting owner signature: /s/ Gene Otto, Vice President of Series R of UM Partners, LLC

Key filing fact

Series R of UM Partners, LLC filed Form 4 for Utz Brands, Inc. (UTZ) on 15 Jan 2025.

Key facts

This page summarizes Series R of UM Partners, LLC's Form 4 filing for Utz Brands, Inc. (UTZ).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 15 Jan 2025, 17:00.

Change

Previous filing in this sequence was filed on 12 Nov 2024.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

UTZ transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +300,000
Change %: +100%
Price: $0.000000
Shares after: 600,000
Date: 13 Jan 2025
Ownership: Direct
Footnotes: F1, F2

UTZ transaction

Class V Common Stock

Other

Transaction value: $0
Shares: -300,000
Change %: -3.5%
Price: $0.000000
Shares after: 8,302,350
Date: 13 Jan 2025
Ownership: Direct
Footnotes: F1, F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

UTZ transaction Derivative

Company Common Units

Conversion of derivative security

Transaction value: $0
Shares: -300,000
Change %: -3.5%
Price: $0.000000
Shares after: 8,302,350
Date: 13 Jan 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 300,000
Exercise price
Footnotes: F1, F2, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

These securities are solely owned by Series R of UM Partners, LLC, who is a member of a "group" with Series U of UM Partners, LLC for purposes of Section 13(d) of the Exchange Act.

Footnote F2

Reflects an exchange of Common Company Units together with the surrender and cancellation of the same number of Class V Common Stock for an equal number of shares of Class A Common Stock, pursuant to the Third Amended and Restated Limited Liability Company Agreement of Utz Brands Holdings, LLC (the "LLC Agreement"). Transactions are exempt from Section 16(b) in reliance on Rule 16b-6(b).

Footnote F3

These shares of Class V Common Stock of the Issuer provide no economic rights in the Issuer to the holder thereof. However, each holder of Class V Common Stock is entitled to vote as a common stockholder of the Issuer, with the number of votes equal to the number of shares of Class V Common Stock held at the time of such vote.

Footnote F4

These Common Company Units represent non-voting limited liability company interests of Utz Brands Holdings, LLC pursuant to the terms of the LLC Agreement. These units may be exchanged at the discretion of the holder for shares of Class A Common Stock on a one-for-one basis pursuant to, and subject to certain limitations set forth in, the LLC Agreement.