Filing Details

Accession Number:
0001415889-22-009128
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-08-26 17:51:12
Reporting Period:
2022-08-25
Accepted Time:
2022-08-26 17:51:12
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1856608 Sovos Brands Inc. SOVO () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1243126 R Todd Lachman C/O Sovos Brands, Inc.
168 Centennial Parkway, Suite 200
Louisville CO 80027
President And Ceo No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2022-08-25 10,000 $15.00 2,535,348 No 4 S Direct
Common Stock Disposition 2022-08-25 2,500 $15.00 474,828 No 4 S Indirect By trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Indirect By trust
Footnotes
  1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 6/08/2022. The Rule 10b5-1 trading plan, which was structured to include several sale periods, was established as part of the Reporting Person's long-term strategy for asset diversification and financial, retirement, estate and tax planning activities over a period of time.
  2. Represents actual sale price.
  3. Includes 3,595 restricted shares of common stock of the Issuer subject to time-based vesting and the Reporting Person's continued service with the Issuer, 741,460 restricted shares of common stock of the Issuer subject to performance-based vesting and the Reporting Person's continued service with the Issuer (a portion of which will vest on the last day of fiscal 2022 or the last day of fiscal 2023, if such performance goals are not earlier achieved), 356,039 restricted stock units subject to time-based vesting, and 394,059 restricted stock units subject to performance-based vesting, in each case, subject to the terms of the applicable award agreement.
  4. Includes 899 restricted shares of common stock of the Issuer subject to time-based vesting and 185,365 restricted shares of common stock of the Issuer subject to performance-based vesting, in each case, subject to the Reporting Person's continued service with the Issuer and the terms of the applicable award agreement.