Form 4: Series R of UM Partners, LLC Exchanges Common Units and Class V Stock for Class A Common Stock in Utz Brands, Inc.

Series R of UM Partners, LLC exchanged Common Company Units and Class V Common Stock for Class A Common Stock in Utz Brands, Inc. on January 13, 2025.

Summary

• On January 13, 2025, Series R of UM Partners, LLC, a 10% owner of Utz Brands, Inc., engaged in a transaction involving the exchange of securities.
• 300,000 Common Company Units and 300,000 shares of Class V Common Stock were exchanged for 300,000 shares of Class A Common Stock.
• The price for these exchanges was $0.
• Following the transaction, Series R of UM Partners, LLC directly owns 600,000 shares of Class A Common Stock and 8,302,350 shares of Class V Common Stock.
• The Common Company Units represent non-voting limited liability company interests of Utz Brands Holdings, LLC and can be exchanged for Class A Common Stock on a one-for-one basis.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing reflects changes in beneficial ownership of Utz Brands, Inc. securities by a significant shareholder. Such filings are common and provide transparency into the transactions of company insiders and major stakeholders.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in the number of outstanding Class A shares, but the overall economic impact is likely minimal.

Key Dates