Form 4: Series R of UM Partners, LLC Sells 70,215 Shares of Utz Brands, Inc.

Series R of UM Partners, LLC, a 10% owner of Utz Brands, Inc., disposed of 70,215 shares of Class A Common Stock at a price of $18.76 per share on May 6, 2024.

Summary

• On May 6, 2024, Series R of UM Partners, LLC sold 70,215 shares of Utz Brands, Inc.'s Class A Common Stock.
• The sale price was $18.76 per share.
• Following the transaction, Series R of UM Partners, LLC directly owns 0 shares of Utz Brands, Inc.
• Series R of UM Partners, LLC is part of a 'group' with Series U of UM Partners, LLC for Section 13(d) purposes under the Exchange Act.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about a share sale.

Industry Context

This transaction reflects a change in the holdings of a major shareholder of Utz Brands, Inc., which is common in the market. It could be related to portfolio rebalancing or other investment decisions by Series R of UM Partners, LLC.

Stakeholder Impact

• The sale of shares by a significant shareholder could potentially influence investor sentiment and, consequently, the stock price of Utz Brands, Inc.

Key Dates