AMERICOLD REALTY TRUST — Director's Dealing 2021

Feb 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICOLD REALTY TRUST (COLD)
CIK: 0001455863
Period of Report: 2021-02-23

Reporting Person: Boehler Fred W (Director, CEO, President and Trustee)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-23	Common Shares of Beneficial Interest	M	60000	$9.81	Acquired	449368	Direct
2021-02-23	Common Shares of Beneficial Interest	M	50000	$9.81	Acquired	499368	Direct
2021-02-23	Common Shares of Beneficial Interest	S	191097	$36.995	Disposed	308271	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-23	Stock Option	$9.81	M	60000	Disposed	2026-12-14	Common Shares of Beneficial Interest (60000.0)	Direct
2021-02-23	Stock Option	$9.81	M	50000	Disposed	2027-03-01	Common Shares of Beneficial Interest (50000.0)	Direct

Footnotes

F1: The price reported in column 4 is a weighted average price. These common shares were sold in multiple transactions ranging from $36.60 to $37.48, inclusive. The reporting person undertakes to provide to Americold realty Trust, any security holder of Americold Realty Trust, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common shares sold at each separate price within the range set forth above.

F2: On February 23, 2021, Mr. Boehler exercised 110,000 sock options, resulting in his acquisition of 110,000 common shares of Americold Realty Trust.

F3: Options to acquire common shares vested 20% each on December 14, 2016, 2017, 2018, 2019 and 2020.

F4: Vesting of these options was contingent upon achievement of a 2016 performance target for Adjusted EBITDA for 2016, which was satisfied, so options vested 20% on each of January 1, 2018, 2019, 2020 and 2021 and the remainder vest on January 1, 2022.