Utz Brands, Inc. — Director's Dealing 2021

Jan 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Utz Brands, Inc. (UTZ)
CIK: 0001739566
Period of Report: 2020-12-23

Reporting Person: DEROMEDI ROGER K (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-14	Class A Common Stock	G	360000	—	Disposed	4050333	Indirect
2020-12-14	Class A Common Stock	G	360000	—	Acquired	360000	Indirect
2020-12-23	Class A Common Stock	X	193333	$11.50	Acquired	4243666	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-23	Warrants to purchase Class A Common Stock	$11.5	X	193333	Disposed		Class A Common Stock (193333.0)	Indirect

Footnotes

F1: This transaction involved a gift of securities by the Roger K. Deromedi Revocable Trust 2/11/2000 Amended and Restated 11/9/2011 (the "Revocable Trust") to the Roger K. Deromedi Irrevocable Generation Skipping Trust dated October 1, 2020, Sandra E. Deromedi, Trustee, FBO Sandra E. Deromedi (the "Irrevocable Trust"). To the extent permitted under applicable law, the Reporting Person disclaims beneficial ownership of the shares held by the Irrevocable Trust. The Reporting Person's spouse holds voting and dispositive power over the Irrevocable Trust.

F2: The securities are held by the Revocable Trust. The Reporting Person holds voting and dispositive power over the Revocable Trust.

F3: The securities are held by the Irrevocable Trust. To the extent permitted under applicable law, the Reporting Person disclaims beneficial ownership of the shares held by the Irrevocable Trust. The Reporting Person's spouse holds voting and dispositive power over the Irrevocable Trust.

F4: On December 23, 2020, the reporting person exercised warrants to purchase a total of 193,333 shares of the Issuer's common stock at $11.50 per share.

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