Utz Brands, Inc. — Director's Dealing 2021

Nov 16, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Utz Brands, Inc. (UTZ)
CIK: 0001739566
Period of Report: 2021-01-08

Reporting Person: Chu Chinh (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-08	Common Stock	X	232000	$11.50	Acquired	5243150	Indirect
2021-11-11	Common Stock	S	1020	$18.00	Disposed	5242130	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-08	Warrants to purchase Class A Common Stock	$11.50	X	232000	Disposed		Class A Common Stock (232000)	Indirect

Footnotes

F1: On January 14, 2021 the reporting person exercised warrants to purchase a total of 232,000 shares of the Issuer's common stock for $11.50 per share.

F2: The sale reported in this row was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2021.

F3: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18 to $18.01. The reporting person undertakes to provide to the Issuer, any security holders of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F4: The securities are directly held by CC Collier Holdings, LLC ("CC Collier"). The Reporting Person holds voting and dispositive power over CC Collier and therefore may be attributed ownership of such securities but disclaims beneficial ownership except to the extent of his pecuniary interest therein.

F5: The warrants are exercisable at any time and were scheduled to expire on August 28, 2025 or earlier upon redemption or the liquidation of the Issuer.