Form 4: Series R of UM Partners, LLC Exchanges Common Units for Class A Common Stock in Utz Brands, Inc.
SEC Form 4 Filing
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 July 9, 2024.
Summary
- On July 9, 2024, Series R of UM Partners, LLC exchanged 150,000 Common Company Units and 150,000 shares of Class V Common Stock for 150,000 shares of Class A Common Stock of Utz Brands, Inc.
- The transaction was executed at a price of $0 per share.
- Following the transaction, Series R of UM Partners, LLC continues to beneficially own 8,752,350 shares of Class V Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an exchange of securities. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, providing transparency to the market.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it changes the composition of shares held by insiders, but it does not represent a dilution of equity.
Key Dates
| Date | Description |
|---|---|
| 07/09/2024 | Date of the transaction: exchange of Common Company Units and Class V Common Stock for Class A Common Stock. |
| 07/10/2024 | Date of signature of the Form 4 filing. |
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