O'Driscoll Lisa Y.'s Form 4/A amendment
AmendedSovos Brands, Inc. (SOVO) · filed Jan 23, 2023
- Accession no.
- 0001415889-23-001338
- Filed
- Jan 23, 2023
- Trade date
- Aug 24, 2022
- Filing delay
- 152 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Aug 26, 2022
This filing lists 1 non-derivative transaction. Open-market sales total $631.2K. It was filed 152 days after the trade.
This amendment replaces 0001415889-22-009125 (filed Aug 26, 2022).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| O'Driscoll Lisa Y.CIK 0001882814 | Officer (CHIEF ADMINISTRATIVE OFFICER) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 24, 2022 | Common Stock | SSaleDisposed | −43,000 | $14.68F1 | −$631,240 | 217,169 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $14.65 to $14.75, 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.
Referenced by the price of 1 transaction in Table I.
- F2
Includes 618 restricted shares of common stock of the Issuer subject to time-based vesting and the Reporting Person's continued service with the Issuer, 144,210 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), 29,319 restricted stock units subject to time-based vesting, and 33,562 restricted stock units subject to performance-based vesting, in each case, subject to the terms of the applicable award agreement.
- F3
The original Form 4, filed on August 26, 2022, is being amended by this Form 4 amendment solely to correct an administrative error, which misreported the balance of securities beneficially owned by the Reporting Person immediately following the Reported Transaction. The number of shares beneficially owned by the reporting person with the correction reflects an increase in the number of shares reported as beneficially owned by the Reporting Person by 8,486 shares.