BOSTON BEER CO INC — Director's Dealing 2021

Dec 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOSTON BEER CO INC (SAM)
CIK: 0000949870
Period of Report: 2021-12-08

Reporting Person: Grinnell David L. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-08	Class A Common	M	1500.00	$169.85	Acquired	3251.00	Direct
2021-12-08	Class A Common	M	300.00	$191.10	Acquired	3551.00	Direct
2021-12-08	Class A Common	M	200.00	$312.56	Acquired	3751.00	Direct
2021-12-08	Class A Common	S	467.00	$489.02	Disposed	3284.00	Direct
2021-12-08	Class A Common	S	329.00	$490.09	Disposed	2955.00	Direct
2021-12-08	Class A Common	S	350.00	$491.41	Disposed	2605.00	Direct
2021-12-08	Class A Common	S	220.00	$492.30	Disposed	2385.00	Direct
2021-12-08	Class A Common	S	1.00	$493.00	Disposed	2384.00	Direct
2021-12-08	Class A Common	S	533.00	$494.69	Disposed	1851.00	Direct
2021-12-08	Class A Common	S	100.00	$495.79	Disposed	1751.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-08	1-1-2017 Stock Option	$169.85	M	1500.00	Disposed	2026-12-31	Class A Common (2440.00)	Direct
2021-12-08	1-1-2018 Stock Option	$191.10	M	300.00	Disposed	2027-12-31	Class A Common (1511.00)	Direct
2021-12-08	3-1-2019 Stock Option	$312.56	M	200.00	Disposed	2029-02-28	Class A Common (992.00)	Direct

Footnotes

F1: The transactions reported in this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 8, 2021.

F10: The option vests in three annual installments: the first on March 1, 2021, and the final vesting on March 1, 2023, provided that the Reporting Person remains employed by the Issuer on the applicable
vesting dates.

F2: The shares reported include 1,045 shares of restricted stock subject to vesting conditions.

F3: The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 467 shares is from $489.00 to $489.50. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.

F4: The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 329 shares is from $490.00 to $490.20. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.

F5: The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 350 shares is from $491.00 to $491.87. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.

F6: The shares reported include 1,325 shares of restricted stock subject to vesting conditions.

F7: The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 220 shares is from $492.00 to $492.41. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.

F8: The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 533 shares is from $494.65 to $495.26. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.

F9: The option vests in three annual installments: the first on March 1, 2020, and the final vesting on January 1, 2022, provided that the Reporting Person remains employed by the Issuer on the applicable
vesting dates.