Jason K. Giordano - 07 Aug 2025 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Reporting relationship: Director
Issuer ticker: UTZ
Reported as of: 07 Aug 2025
Net transaction value: +$22,080,000
SEC form: 4
Accepted by SEC: 11 Aug 2025, 17:30:36 UTC
Prior SEC filing: 25 Apr 2025
Next SEC filing: 27 Apr 2026
Source filing: View source filing
Reporting owner signature: /s/ Theresa R. Shea, as attorney-in-fact for Jason K. Giordano

Key filing fact

Jason K. Giordano filed Form 4 for Utz Brands, Inc. (UTZ) on 11 Aug 2025.

Key facts

This page summarizes Jason K. Giordano's Form 4 filing for Utz Brands, Inc. (UTZ).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 11 Aug 2025, 17:30.

Change

Previous filing in this sequence was filed on 25 Apr 2025.
Current net transaction value: +$22,080,000.

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

Reporting Owners (1)

CIK 0001458039 Primary reporting owner

Giordano Jason K

Relationship: Director
Address: C/O UTZ BRANDS, INC., 900 HIGH STREET, HANOVER
Signature: /s/ Theresa R. Shea, as attorney-in-fact for Jason K. Giordano
Signature date: 11 Aug 2025

Reported non-derivative transactions

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

UTZ transaction

Class A Common Stock

Options Exercise

Transaction value: $22,080,000
Shares: +1,920,000
Change %: +55%
Price: $11.50
Shares after: 5,393,556
Date: 07 Aug 2025
Ownership: Direct
Footnotes: F1, F2

UTZ transaction

Class A Common Stock

Tax liability

Transaction value
Shares: -1,570,190
Change %: -29%
Price
Shares after: 3,823,366
Date: 07 Aug 2025
Ownership: Direct
Footnotes: F2, F3

Reported derivative securities

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

UTZ transaction Derivative

Warrants to purchase Class A Common Stock

Options Exercise

Transaction value
Shares: -1,920,000
Change %: -100%
Price
Shares after: 0
Date: 07 Aug 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,920,000
Exercise price: $11.50
Footnotes: F1, 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

Reflects the exercise of 1,920,000 warrants to purchase shares of Class A common stock of Utz Brands, Inc. ("Issuer") on a cashless basis pursuant to the Warrant Agreement, dated as of October 4, 2018 (the "Warrant Agreement"), by and between Collier Creek Holdings ("Collier Creek") and Continental Stock Transfer & Trust Company ("CST"), as assumed by the Issuer pursuant to that certain Assignment and Assumption Agreement, dated as of February 22, 2022, by and among the Issuer, CST, Equinity Trust Company ("Equinity") and the Consenting Holders (as defined therein). The number of shares of Class A common stock issuable upon exercise of the warrants was determined in accordance with section 3.3.1(c) of the Warrant Agreement.

Footnote F2

These securities include shares of Class A Common Stock that are held by Jason K. Giordano together with his spouse.

Footnote F3

Reflects the shares of Class A common stock "withheld" in connection with the cashless exercise. Pursuant to Section 3.3.1(c) of the Warrant Agreement, the price was calculated as the average last reported sale price of the shares for the ten trading days ending on the third trading day prior to the date on which notice of exercise of the private placement warrant was sent to the warrant agent.

Footnote F4

The warrants are exercisable at any time and expire on August 28, 2025 or earlier upon redemption or the liquidation of the Issuer.