4//SEC Filing
Giordano Jason K 4
Accession 0001739566-25-000160
CIK 0001739566other
Filed
Aug 10, 8:00 PM ET
Accepted
Aug 11, 5:30 PM ET
Size
9.8 KB
Accession
0001739566-25-000160
Insider Transaction Report
Form 4
Giordano Jason K
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2025-08-07$11.50/sh+1,920,000$22,080,000→ 5,393,556 total - Tax Payment
Class A Common Stock
2025-08-07−1,570,190→ 3,823,366 total - Exercise/Conversion
Warrants to purchase Class A Common Stock
2025-08-07−1,920,000→ 0 totalExercise: $11.50→ Class A Common Stock (1,920,000 underlying)
Footnotes (4)
- [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.
- [F2]These securities include shares of Class A Common Stock that are held by Jason K. Giordano together with his spouse.
- [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.
- [F4]The warrants are exercisable at any time and expire on August 28, 2025 or earlier upon redemption or the liquidation of the Issuer.
Documents
Issuer
Utz Brands, Inc.
CIK 0001739566
Entity typeother
Related Parties
1- filerCIK 0001458039
Filing Metadata
- Form type
- 4
- Filed
- Aug 10, 8:00 PM ET
- Accepted
- Aug 11, 5:30 PM ET
- Size
- 9.8 KB