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Utz Brands, Inc. — Director's Dealing 2025
Apr 29, 2025
32124_dirs_2025-04-28_88d1b5ea-a46d-4e6e-a216-5907bece0983.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Utz Brands, Inc. (UTZ)
CIK: 0001739566
Period of Report: 2025-04-24
Reporting Person: DEROMEDI ROGER K (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-04-24 | Class A Common Stock | A | 9673 | — | Acquired | 35052 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 409369 | Indirect |
| Class A Common Stock | 360000 | Indirect |
| Class A Common Stock | 461401 | Indirect |
| Class A Common Stock | 2095389 | Indirect |
| Class A Common Stock | 1000000 | Indirect |
Footnotes
F1: 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 (as amended, 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: 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,
2026, subject to the reporting person's continuous service to the Company through such dates and subject to certain conditions detailed in the Plan.
F3: Reflects a prior transfer of 590,631 shares of the Issuer's Class A Common Stock from the Roger K. Deromedi Irrevocable Grantor Retained Annuity Trust (GRAT) u/a/d 2/22/2024 (the "2024 GRAT 1") to the Roger K. Deromedi Revocable Trust 2/11/2000 Amended and Restated 11/09/2011 (the "Revocable Trust"), that was exempt under Rule 16a-13.
F4: The securities are held by the 2024 GRAT 1 The Reporting Person holds voting and dispositive power over the 2024 GRAT 1.
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: Reflects a prior transfer of 189,065 shares of the Issuer's Class A Common Stock from the Grantor Retained Annuity Trust dated 11/01/2021 (the "2021 GRAT") to the Revocable Trust, that was exempt under Rule 16a-13.
F7: The securities are held by the 2021 GRAT. The Reporting Person holds voting and dispositive power over the 2021 GRAT.
F8: Reflects a prior transfer of 1,000,000 shares of the Issuer's Class A Common Stock by the Revocable Trust to the Roger K Deromedi Irrevocable Grantor Retained Annuity Trust (GRAT) u/a/d 11/19/2024 (the "2024 GRAT 2"), that was exempt under Rule 16a-13.
F9: The securities are held by the Revocable Trust. The Reporting Person holds voting and dispositive power over the Revocable Trust.
F10: The securities are held by the 2024 GRAT 2. The Reporting Person holds voting and dispositive power over the 2024 GRAT 2.