Filing Details

Accession Number:
0001415889-23-005483
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-03-28 16:03:30
Reporting Period:
2023-03-27
Accepted Time:
2023-03-28 16:03:30
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
1882785 Risa Cretella C/O Sovos Brands, Inc.
168 Centennial Parkway, Suite 200
Louisville CO 80027
Chief Sales 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 2023-03-27 14,420 $16.50 294,927 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Footnotes
  1. This transaction was effected pursuant to a written plan that was adopted by the Reporting Person prior to the SEC's adoption of amendments to Rule 10b5-1 of the Exchange Act in December 2022 and was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) as in effect at the time of adoption. The plan was structured to include several sale periods and 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 47,055 restricted shares of common stock of the Issuer subject to time-based vesting and the Reporting Person's continued service with the Issuer (a portion of which will vest on December 30,2023, September 23, 2024 or September 23, 2025, if original performance goals are not earlier achieved), 67,508 restricted shares of common stock of the Issuer subject to performance-based vesting and the Reporting Person's continued service with the Issuer, and 90,751 restricted stock units subject to time-based vesting, subject to the terms of the applicable award agreement.