Utz Brands, Inc. — Director's Dealing 2022

Jun 22, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Utz Brands, Inc. (UTZ)
CIK: 0001739566
Period of Report: 2022-06-21

Reporting Person: Whyte Chad (EVP, Supply Chain)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-21	Class A Common Stock	A	2528	—	Acquired	8319	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-06-21	Stock Option (Right to Buy)	$13.14	A	7584	Acquired	2032-06-21	Class A Common Stock (7584.0)	Direct

Footnotes

F1: The shares of Issuer's Class A Common Stock are subject to a restricted stock unit award under the Utz Brands, Inc. 2021 Omnibus Equity Incentive Plan (the "Plan"). Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.

F2: The restricted stock units vest under the following schedule: 100% of the RSUs vest on December 31, 2024, for so long as the participant remains in continuous service to the Company.

F3: The stock options are subject to the stock option agreement under the Plan. The stock options vest under the following schedule: 100% of the shares underlying the stock options shall vest and become exercisable on December 31, 2024 for so long as the Optionee remains in Continuous Service (as defined in the Plan) to the Company.