August 7, 2025 · Form 4 insider transaction
Giordano Jason K bought 1,920,000 shares of Utz Brands, Inc. at $11.50 per share, a transaction worth $22.08M. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 4 days after the transaction.
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.; These securities include shares of Class A Common Stock that are held by Jason K. Giordano together with his spouse.