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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 6/21/22 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1739566 |
| Issuer Name: Utz Brands, Inc. |
| Issuer Trading Symbol: UTZ |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1934042 |
| | Owner Name: Whyte Chad |
| Reporting Owner Address: |
| | Owner Street 1: 900 HIGH STREET |
| | Owner Street 2: |
| | Owner City: HANOVER |
| | Owner State: PA |
| | Owner ZIP Code: 17331 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: EVP, Supply Chain |
| | Other Text: |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 6/21/22 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 2,528 |
| Footnote ID: F1 |
| Footnote ID: F2 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 8,319 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 13.14 |
| | Transaction Date: |
| | | Value: 6/21/22 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 7,584 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Value: 6/21/32 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Class A Common Stock |
| | | Underlying Security Shares: |
| Value: 7,584.0 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 7,584 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - 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. |
| Footnote - 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. |
| Footnote - 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. |
| Remarks: |
| Owner Signature: |
| Signature Name: /s/ Jeremiah G. Garvey, as attorney-in-fact for Chad Whyte |
| Signature Date: 6/22/22 |
