Filing Details

Accession Number:
0001415889-23-001246
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-01-19 20:18:44
Reporting Period:
2023-01-17
Accepted Time:
2023-01-19 20:18:44
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1856608 Sovos Brands Inc. SOVO Food And Kindred Products (2000) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1882814 Y. Lisa O'driscoll C/O Sovos Brands, Inc.
168 Centennial Parkway, Suite 200
Louisville CO 80027
Chief Administrative Officer 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 2023-01-17 1,353 $13.54 215,816 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Footnotes
  1. Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
  2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $13.4291 to $13.55, inclusive. The Reporting Person undertakes to provide to the Issuer, any stockholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  3. Includes 127,894 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 2023, if such performance goals are not earlier achieved), 25,076 restricted stock units subject to time-based vesting, and 20,833 restricted stock units subject to performance-based vesting, in each case, subject to the terms of the applicable award agreement.