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: 2022-01-31

Reporting Person: DEROMEDI ROGER K (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-08	Class A Common Stock	G	950000	—	Disposed	3293666	Indirect
2021-11-08	Class A Common Stock	G	950000	—	Acquired	950000	Indirect
2022-01-31	Class A Common Stock	A	2574	—	Acquired	2574	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	360000	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 Grantor Retained Annuity Trust dated 11/01/2021 (the "Grantor Annuity 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 Grantor Annuity Trust. The reporting Person holds voting and dispositive power over the Grantor Annuity Trust.

F4: 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.

F5: The restricted stock units vest under the following schedule: subject to the terms of the restricted stock unit award agreement, 100% of the shares subject to the restricted stock units vest on May 5, 2022, subject to the reporting person's continuous service to the Company through such dates and subject to certain conditions detailed in the Plan.

F6: The securities are held by 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.