0001415889-23-007123.txt : 20230502 0001415889-23-007123.hdr.sgml : 20230502 20230502192816 ACCESSION NUMBER: 0001415889-23-007123 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230501 FILED AS OF DATE: 20230502 DATE AS OF CHANGE: 20230502 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: 23881158 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 form4-05022023_110510.xml X0407 4 2023-05-01 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 2023-05-01 4 S 0 80000 17.0649 D 2299761 D Common Stock 2023-05-01 4 S 0 20000 17.1161 D 414828 I By trust This transaction was effected pursuant to a written plan that was adopted 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 $16.75 to $17.30, 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 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 $16.74 to $17.30, 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 2023-05-02