Utz Brands, Inc. — Director's Dealing 2024

Apr 26, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Utz Brands, Inc. (UTZ)
CIK: 0001739566
Period of Report: 2024-04-24

Reporting Person: DEROMEDI ROGER K (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-04-24	Class A Common Stock	A	270	—	Acquired	17959	Direct
2024-04-24	Class A Common Stock	A	7420	—	Acquired	25379	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	1000000	Indirect
Class A Common Stock	360000	Indirect
Class A Common Stock	650466	Indirect
Class A Common Stock	2381720	Indirect

Footnotes

F1: Reflects the issuance of additional shares under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (as amended, the "Plan") that the Issuer intended to include in the May 2022 non-employee director equity retainer.

F2: The shares of Issuer's Class A Common Stock are subject to a restricted stock unit award under the Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.

F3: 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 April 24, 2025, subject to the reporting person's continuous service to the Company through such dates and subject to certain conditions detailed in the Plan.

F4: The securities are held by the The Roger K. Deromedi Irrevocable Grantor Retained Annuity Trust (GRAT) u/a/d 2/22/2024 (the "GRAT u/a/d 2/22/2024"). The Reporting Person holds voting and dispositive power over the GRAT u/a/d 2/22/2024.

F5: 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.

F6: The securities are held by the Roger K. Deromedi Irrevocable Grantor Retained Annuity Trust (the "Grantor Annuity Trust"). The reporting Person holds voting and dispositive power over the Grantor Annuity Trust.

F7: The securities are held by the Roger K. Deromedi Revocable Trust 2/11/2000 Amended and Restated 11/09/2011 (The "Revocable Trust"). The Reporting Person holds voting and dispositive power over the Revocable Trust.