Utz Brands, Inc. — Director's Dealing 2022

Feb 2, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Utz Brands, Inc. (UTZ)
CIK: 0001739566
Period of Report: 2022-01-28

Reporting Person: Devore Cary (EVP & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-31	Class A Common Stock	A	166770	—	Acquired	267348	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-28	Stock Option (Right to Buy)	$15.51	A	61959	Acquired		Class A Common Stock (61959.0)	Direct

Footnotes

F1: The restricted stock units vest under the following schedule: subject to the terms of the restricted stock unit award agreement, 50% of the shares subject to the restricted stock units vest on December 31, 2022, and the remaining 50% of the shares subject to the restricted stock units vest on December 31, 2023, subject to the reporting person's continuous service to the Company through such dates and subject to certain conditions detailed in the Plan.

F2: The shares of Issuer's Class A Common Stock are subject to a restricted stock unit award under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (the "Plan"), made pursuant to Rule 16b-3. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.

F3: Represents stock options granted pursuant to the Plan.

F4: The shares subject to the stock option vest and become exercisable on December 31, 2024, subject to the reporting person's continuous employment through such dates and subject to certain conditions as detailed in the Plan.

F5: The shares subject to stock option expire January 28, 2032.