0001415889-23-006318.txt : 20230405
0001415889-23-006318.hdr.sgml : 20230405
20230405174537
ACCESSION NUMBER: 0001415889-23-006318
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230403
FILED AS OF DATE: 20230405
DATE AS OF CHANGE: 20230405
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LACHMAN TODD R
CENTRAL INDEX KEY: 0001243126
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40837
FILM NUMBER: 23803713
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Sovos Brands, Inc.
CENTRAL INDEX KEY: 0001856608
STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 168 CENTENNIAL PARKWAY
STREET 2: SUITE 200
CITY: LOUISVILLE
STATE: CO
ZIP: 80027
BUSINESS PHONE: (702) 316-1225
MAIL ADDRESS:
STREET 1: 168 CENTENNIAL PARKWAY
STREET 2: SUITE 200
CITY: LOUISVILLE
STATE: CO
ZIP: 80027
4
1
form4-04052023_090429.xml
X0407
4
2023-04-03
0001856608
Sovos Brands, Inc.
SOVO
0001243126
LACHMAN TODD R
C/O SOVOS BRANDS, INC.
168 CENTENNIAL PARKWAY, SUITE 200
LOUISVILLE
CO
80027
true
true
false
false
PRESIDENT AND CEO
0
Common Stock
2023-04-03
4
S
0
90000
16.9242
D
2379761
D
Common Stock
2023-04-03
4
S
0
22500
16.8754
D
434828
I
By trust
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.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $16.38 to $17.15, 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.
Includes 269,615 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 vest on December 30, 2023, September 23, 2024 or September 23, 2025, if the original performance goals are not earlier achieved), 420,811 restricted shares of common stock of the Issuer subject to performance-based vesting and the Reporting Person's continued service with the Issuer, and 625,080 restricted stock units subject to time-based vesting, subject to the terms of the applicable award agreement.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $16.47 to $17.08, 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 sold at each separate price within the range set forth in this footnote.
Includes 67,403 restricted shares of common stock of the Issuer subject to time-based vesting (a portion of which will vest on December 30, 2023, September 23, 2024 or September 23, 2025, if the original performance goals are not earlier achieved) and 91,204 restricted shares of common stock of the Issuer, subject to performance-based vesting, in each case, subject to the Reporting Person's continued service with the Issuer and the terms of the applicable award agreement.
/s/ Isobel A. Jones, Attorney-in-Fact
2023-04-05