4//SEC Filing
Jensen Kirk A. 4
Accession 0001415889-23-005459
CIK 0001856608other
Filed
Mar 26, 8:00 PM ET
Accepted
Mar 27, 9:01 PM ET
Size
5.9 KB
Accession
0001415889-23-005459
Insider Transaction Report
Form 4
Jensen Kirk A.
Chief Supply Chain Officer
Transactions
- Sale
Common Stock
2023-03-23$16.00/sh−16,000$256,000→ 380,558 total
Footnotes (3)
- [F1]This transaction was effected pursuant to a written plan that was adopted by the Reporting Person prior to the SEC's adoption of amendments to Rule 10b5-1 of the Exchange Act in December 2022 and was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) as in effect at the time of adoption. The plan was structured to include several sale periods and was established as part of the Reporting Person's long-term strategy for asset diversification and financial, retirement, estate and tax planning activities over a period of time.
- [F2]Represents actual sale price.
- [F3]Includes 48,098 restricted shares of common stock of the Issuer subject to time-based vesting and the Reporting Person's continued service with the Issuer (a portion of which will vest on December 30,2023, September 23, 2024 or September 23, 2025, if original performance goals are not earlier achieved), 71,620 restricted shares of common stock of the Issuer subject to performance-based vesting and the Reporting Person's continued service with the Issuer, and 119,320 restricted stock units subject to time-based vesting, subject to the terms of the applicable award agreement.
Documents
Issuer
Sovos Brands, Inc.
CIK 0001856608
Entity typeother
Related Parties
1- filerCIK 0001882824
Filing Metadata
- Form type
- 4
- Filed
- Mar 26, 8:00 PM ET
- Accepted
- Mar 27, 9:01 PM ET
- Size
- 5.9 KB