Diez-Canseco Russell's Form 4/A amendment
AmendedVital Farms, Inc. (VITL) · filed Jul 16, 2024
- Accession no.
- 0001415889-24-019592
- Filed
- Jul 16, 2024
- Trade date
- Jun 10-11, 2024
- Filing delay
- 36 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Jun 12, 2024
This filing lists 5 non-derivative transactions and 2 derivative transactions. Open-market sales total $4.08M. It was filed 36 days after the trade.
This amendment replaces 0001415889-24-016501 (filed Jun 12, 2024).
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 |
|---|---|
| Diez-Canseco RussellCIK 0001818591 | Director, Officer (PRESIDENT AND CEO) |
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 |
|---|---|---|---|---|---|---|---|---|
| Jun 10, 2024 | Common Stock | MOption exerciseAcquired | +89,699 | $5.33 | +$478,095.67 | 501,482 | Direct | |
| Jun 10, 2024 | Common Stock | SSaleDisposed | −66,685 | $40.60F1 | −$2,707,411 | 434,797 | Direct | |
| Jun 10, 2024 | Common Stock | SSaleDisposed | −23,014 | $41.25F2 | −$949,327.5 | 411,783 | Direct | |
| Jun 11, 2024 | Common Stock | MOption exerciseAcquired | +10,301 | $5.33 | +$54,904.33 | 422,084 | Direct | |
| Jun 11, 2024 | Common Stock | SSaleDisposed | −10,301 | $40.85F3 | −$420,795.85 | 411,783 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 10, 2024 | Common Stock | MOption exerciseDisposed | −89,699 | $0.00 | $0 | 753,823 | Direct | |
| Jun 11, 2024 | Common Stock | MOption exerciseDisposed | −10,301 | $0.00 | $0 | 743,522 | 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. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.9934 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2) and (3).
Referenced by the price of 1 transaction in Table I.
- F2
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.00 to $41.58 inclusive.
Referenced by the price of 1 transaction in Table I.
- F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.305 to $41.24 inclusive.
Referenced by the price of 1 transaction in Table I.
- F4
One-fifth (1/5th) of the shares subject to the option vested or will vest in equal annual installments commencing on August 22, 2020, subject to the Reporting Person continuing to provide service through each such date.
Remarks
On June 12, 2024, the Reporting Person filed a Form 4 which inadvertently checked the box indicating that a transaction reported therein 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) and included a footnote confirming the same. This amended Form 4 is being filed solely to uncheck this box, remove the footnote and re-state, in entirety and without change, the transactions that were previously reported on the Form 4 filed on June 12, 2024.