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STOCK TITAN

[Form 4] Utz Brands, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Positive)
Form Type
4
Rhea-AI Filing Summary

Jason K. Giordano, a director of Utz Brands, Inc., exercised 1,920,000 warrants to purchase Class A common stock on a cashless basis on 08/07/2025 under the Warrant Agreement. The exercise produced 1,920,000 underlying shares and, per the filing, 1,570,190 shares were withheld in connection with the cashless exercise; the withholding was calculated using the average last reported sale price over a specified ten‑day period. After the transactions, the filing reports beneficial ownership totals of 5,393,556 and 3,823,366 shares (which include shares held with his spouse). The warrants carried an exercise price of $11.50 and are exercisable until August 28, 2025.

Jason K. Giordano, direttore di Utz Brands, Inc., ha esercitato 1,920,000 warrant per acquistare azioni ordinarie Classe A in modalità cashless il 08/07/2025 ai sensi del Warrant Agreement. L'esercizio ha prodotto 1,920,000 azioni sottostanti e, secondo il deposito, 1,570,190 azioni sono state trattenute in relazione all'esercizio cashless; la ritenuta è stata calcolata usando il prezzo medio dell'ultima vendita riportata su un periodo specificato di dieci giorni. Dopo le operazioni, il deposito riporta una proprietà beneficiaria totale di 5,393,556 e 3,823,366 azioni (che includono azioni detenute con sua moglie). I warrant avevano un prezzo di esercizio di $11.50 e sono esercitabili fino al 28 agosto 2025.

Jason K. Giordano, director de Utz Brands, Inc., ejerció 1,920,000 warrants para comprar acciones ordinarias Clase A en forma cashless el 08/07/2025 según el Warrant Agreement. El ejercicio generó 1,920,000 acciones subyacentes y, según la presentación, se retuvieron 1,570,190 acciones en relación con el ejercicio cashless; la retención se calculó usando el precio medio de la última venta reportada durante un periodo especificado de diez días. Tras las transacciones, la presentación informa una tenencia beneficiaria total de 5,393,556 y 3,823,366 acciones (que incluyen acciones poseídas con su cónyuge). Los warrants tenían un precio de ejercicio de $11.50 y pueden ejercerse hasta el 28 de agosto de 2025.

Utz Brands, Inc.ì� ì´ì‚¬ì� Jason K. GiordanoëŠ� Warrant Agreementì—� ë”°ë¼ 2025ë…� 08ì›� 07ì� 현금대ì²�(cashless) ë°©ì‹ìœ¼ë¡œ Class A 보통주를 매수í•� ìˆ� 있는 워런íŠ� 1,920,000개를 행사했습니다. 행사ë¡� 1,920,000ì£¼ì˜ ê¸°ì´ˆì£¼ì‹ì� ë°œìƒí–ˆìœ¼ë©�, 제출서류ì—� 따르ë©� 현금대ì²� 행사와 관련해 1,570,190주가 ì›ì²œì§•수ë˜ì—ˆê³� ì›ì²œì§•수ëŠ� ì§€ì •ëœ 10ì� 기간 ë™ì•ˆì� 최근 ë³´ê³ ë� í‰ê·  ê±°ëž˜ê°€ê²©ì„ ì‚¬ìš©í•� 계산ë˜ì—ˆìŠµë‹ˆë‹�. 거래 ì´í›„ 제출서류ëŠ� ë°°ìš°ìžì™€ 함께 보유í•� 주ì‹ì� í¬í•¨í•˜ì—¬ ì´� 5,393,556ì£� ë°� 3,823,366ì£¼ì˜ ì‹¤ì§ˆì � 소유ë¥� 보고하고 있습니다. 해당 ì›ŒëŸ°íŠ¸ì˜ í–‰ì‚¬ê°€ê²©ì€ $11.50ì´ë©° 2025ë…� 8ì›� 28ì�까지 행사í•� ìˆ� 있습니다.

Jason K. Giordano, directeur d'Utz Brands, Inc., a exercé 1 920 000 warrants lui permettant d'acheter des actions ordinaires de catégorie A en mode sans paiement (cashless) le 07/08/2025 conformément au Warrant Agreement. L'exercice a généré 1 920 000 actions sous-jacentes et, d'après le dépôt, 1 570 190 actions ont été retenues dans le cadre de l'exercice cashless ; la retenue a été calculée en utilisant le prix moyen de la dernière vente rapportée sur une période spécifiée de dix jours. Après ces opérations, le dépôt indique des totaux de propriété bénéficiaire de 5,393,556 et 3,823,366 actions (qui incluent les actions détenues avec son épouse). Les warrants avaient un prix d'exercice de $11.50 et sont exerçables jusqu'au 28 août 2025.

Jason K. Giordano, Direktor von Utz Brands, Inc., hat am 07.08.2025 gemäß der Warrant-Vereinbarung 1.920.000 Warrants auf cashless Basis ausgeübt, um Class-A-Stammaktien zu erwerben. Durch die Ausübung entstanden 1.920.000 zugrundeliegende Aktien und laut Einreichung wurden in Verbindung mit der cashless-Ausübung 1.570.190 Aktien einbehalten; die Einbehaltung wurde anhand des durchschnittlichen zuletzt gemeldeten Verkaufspreises über einen festgelegten Zehn-Tage-Zeitraum berechnet. Nach den Transaktionen meldet die Einreichung eine wirtschaftliche Eigentümerschaft von insgesamt 5,393,556 bzw. 3,823,366 Aktien (einschließlich der mit seiner Ehefrau gehaltenen Aktien). Die Warrants hatten einen Ausübungspreis von $11.50 und sind bis zum 28. August 2025 ²¹³Ü²õü²ú²ú²¹°ù.

Positive
  • Director Jason K. Giordano exercised 1,920,000 warrants, resulting in updated beneficial ownership figures that demonstrate continued insider holding.
  • The exercise was completed on a cashless basis, so the reporting person incurred no cash outlay per the filing.
Negative
  • The exercise converted 1,920,000 warrants into shares, which increases the company’s outstanding equity and may have a dilutive effect on existing shareholders.
  • 1,570,190 shares were withheld in the cashless exercise, reducing the net new shares delivered to the reporting person and affecting the public float.

Insights

TL;DR: A routine cashless warrant exercise converted 1.92M warrants into shares, creating potential dilution while updating insider ownership.

The filing documents a cashless exercise of 1,920,000 warrants at an exercise price of $11.50, with 1,570,190 shares withheld to satisfy consideration. This transaction increases the reporting person’s direct/indirect share counts to the reported totals and removes the exercised warrants from outstanding derivative holdings. For investors, the key facts are the size of the issuance and the withholding mechanism: both affect the company’s outstanding share count and the distribution of insider ownership, but the filing reflects a standard contractual exercise rather than an operational or financial disclosure.

TL;DR: Director Giordano remains materially invested; transaction is a contractual cashless exercise with ownership reported jointly with spouse.

The Form 4 shows the director converted warrants into equity via a cashless mechanism and that beneficial ownership figures include shares held with a spouse. The disclosure is transparent about the withholding calculation methodology and the warrant expiration date (August 28, 2025). From a governance standpoint, continued insider ownership can signal alignment with shareholders, while the issuance increases share count; both are plainly documented in the filing.

Jason K. Giordano, direttore di Utz Brands, Inc., ha esercitato 1,920,000 warrant per acquistare azioni ordinarie Classe A in modalità cashless il 08/07/2025 ai sensi del Warrant Agreement. L'esercizio ha prodotto 1,920,000 azioni sottostanti e, secondo il deposito, 1,570,190 azioni sono state trattenute in relazione all'esercizio cashless; la ritenuta è stata calcolata usando il prezzo medio dell'ultima vendita riportata su un periodo specificato di dieci giorni. Dopo le operazioni, il deposito riporta una proprietà beneficiaria totale di 5,393,556 e 3,823,366 azioni (che includono azioni detenute con sua moglie). I warrant avevano un prezzo di esercizio di $11.50 e sono esercitabili fino al 28 agosto 2025.

Jason K. Giordano, director de Utz Brands, Inc., ejerció 1,920,000 warrants para comprar acciones ordinarias Clase A en forma cashless el 08/07/2025 según el Warrant Agreement. El ejercicio generó 1,920,000 acciones subyacentes y, según la presentación, se retuvieron 1,570,190 acciones en relación con el ejercicio cashless; la retención se calculó usando el precio medio de la última venta reportada durante un periodo especificado de diez días. Tras las transacciones, la presentación informa una tenencia beneficiaria total de 5,393,556 y 3,823,366 acciones (que incluyen acciones poseídas con su cónyuge). Los warrants tenían un precio de ejercicio de $11.50 y pueden ejercerse hasta el 28 de agosto de 2025.

Utz Brands, Inc.ì� ì´ì‚¬ì� Jason K. GiordanoëŠ� Warrant Agreementì—� ë”°ë¼ 2025ë…� 08ì›� 07ì� 현금대ì²�(cashless) ë°©ì‹ìœ¼ë¡œ Class A 보통주를 매수í•� ìˆ� 있는 워런íŠ� 1,920,000개를 행사했습니다. 행사ë¡� 1,920,000ì£¼ì˜ ê¸°ì´ˆì£¼ì‹ì� ë°œìƒí–ˆìœ¼ë©�, 제출서류ì—� 따르ë©� 현금대ì²� 행사와 관련해 1,570,190주가 ì›ì²œì§•수ë˜ì—ˆê³� ì›ì²œì§•수ëŠ� ì§€ì •ëœ 10ì� 기간 ë™ì•ˆì� 최근 ë³´ê³ ë� í‰ê·  ê±°ëž˜ê°€ê²©ì„ ì‚¬ìš©í•� 계산ë˜ì—ˆìŠµë‹ˆë‹�. 거래 ì´í›„ 제출서류ëŠ� ë°°ìš°ìžì™€ 함께 보유í•� 주ì‹ì� í¬í•¨í•˜ì—¬ ì´� 5,393,556ì£� ë°� 3,823,366ì£¼ì˜ ì‹¤ì§ˆì � 소유ë¥� 보고하고 있습니다. 해당 ì›ŒëŸ°íŠ¸ì˜ í–‰ì‚¬ê°€ê²©ì€ $11.50ì´ë©° 2025ë…� 8ì›� 28ì�까지 행사í•� ìˆ� 있습니다.

Jason K. Giordano, directeur d'Utz Brands, Inc., a exercé 1 920 000 warrants lui permettant d'acheter des actions ordinaires de catégorie A en mode sans paiement (cashless) le 07/08/2025 conformément au Warrant Agreement. L'exercice a généré 1 920 000 actions sous-jacentes et, d'après le dépôt, 1 570 190 actions ont été retenues dans le cadre de l'exercice cashless ; la retenue a été calculée en utilisant le prix moyen de la dernière vente rapportée sur une période spécifiée de dix jours. Après ces opérations, le dépôt indique des totaux de propriété bénéficiaire de 5,393,556 et 3,823,366 actions (qui incluent les actions détenues avec son épouse). Les warrants avaient un prix d'exercice de $11.50 et sont exerçables jusqu'au 28 août 2025.

Jason K. Giordano, Direktor von Utz Brands, Inc., hat am 07.08.2025 gemäß der Warrant-Vereinbarung 1.920.000 Warrants auf cashless Basis ausgeübt, um Class-A-Stammaktien zu erwerben. Durch die Ausübung entstanden 1.920.000 zugrundeliegende Aktien und laut Einreichung wurden in Verbindung mit der cashless-Ausübung 1.570.190 Aktien einbehalten; die Einbehaltung wurde anhand des durchschnittlichen zuletzt gemeldeten Verkaufspreises über einen festgelegten Zehn-Tage-Zeitraum berechnet. Nach den Transaktionen meldet die Einreichung eine wirtschaftliche Eigentümerschaft von insgesamt 5,393,556 bzw. 3,823,366 Aktien (einschließlich der mit seiner Ehefrau gehaltenen Aktien). Die Warrants hatten einen Ausübungspreis von $11.50 und sind bis zum 28. August 2025 ²¹³Ü²õü²ú²ú²¹°ù.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Giordano Jason K

(Last) (First) (Middle)
C/O UTZ BRANDS, INC.
900 HIGH STREET

(Street)
HANOVER PA 17331

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Utz Brands, Inc. [ UTZ ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 08/07/2025 M(1) 1,920,000 A $11.5(1) 5,393,556 D(2)
Class A Common Stock 08/07/2025 F(3) 1,570,190 D (3) 3,823,366 D(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants to purchase Class A Common Stock $11.5 08/07/2025 M(1) 1,920,000 (4) (4) Class A Common Stock 1,920,000 (1) 0 D
Explanation of Responses:
1. Reflects the exercise of 1,920,000 warrants to purchase shares of Class A common stock of Utz Brands, Inc. ("Issuer") on a cashless basis pursuant to the Warrant Agreement, dated as of October 4, 2018 (the "Warrant Agreement"), by and between Collier Creek Holdings ("Collier Creek") and Continental Stock Transfer & Trust Company ("CST"), as assumed by the Issuer pursuant to that certain Assignment and Assumption Agreement, dated as of February 22, 2022, by and among the Issuer, CST, Equinity Trust Company ("Equinity") and the Consenting Holders (as defined therein). The number of shares of Class A common stock issuable upon exercise of the warrants was determined in accordance with section 3.3.1(c) of the Warrant Agreement.
2. These securities include shares of Class A Common Stock that are held by Jason K. Giordano together with his spouse.
3. Reflects the shares of Class A common stock "withheld" in connection with the cashless exercise. Pursuant to Section 3.3.1(c) of the Warrant Agreement, the price was calculated as the average last reported sale price of the shares for the ten trading days ending on the third trading day prior to the date on which notice of exercise of the private placement warrant was sent to the warrant agent.
4. The warrants are exercisable at any time and expire on August 28, 2025 or earlier upon redemption or the liquidation of the Issuer.
Remarks:
/s/ Theresa R. Shea, as attorney-in-fact for Jason K. Giordano 08/11/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did UTZ insider Jason K. Giordano report on Form 4?

He exercised 1,920,000 warrants cashless on 08/07/2025, with 1,570,190 shares withheld; beneficial ownership totals reported were 5,393,556 and 3,823,366.

How was the warrant exercise settled according to the filing?

The exercise was cashless, and the number of shares issuable was determined under Section 3.3.1(c) of the Warrant Agreement using a ten‑day average price calculation.

What was the exercise price and expiry for the warrants?

Exercise price: $11.50 per warrant for the derivative; Expiration: August 28, 2025 (or earlier upon redemption or liquidation).

Do the reported ownership figures include family holdings?

Yes. The filing states the reported securities include shares held by Jason K. Giordano together with his spouse.

How many warrants were exercised and how many shares resulted?

1,920,000 warrants were exercised, corresponding to 1,920,000 underlying shares before withholding; 1,570,190 shares were withheld as part of the cashless exercise.
Utz Brands Inc

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1.10B
71.55M
17.33%
94.39%
7.37%
Packaged Foods
Miscellaneous Food Preparations & Kindred Products
United States
HANOVER