Form 4: Series R of UM Partners, LLC Sells 78,750 Shares of Utz Brands, Inc. (UTZ)

Series R of UM Partners, LLC, a 10% owner of Utz Brands, Inc., disposed of 78,750 shares of Class A Common Stock at a price of $17.4 per share on March 4, 2024.

Summary

• On March 4, 2024, Series R of UM Partners, LLC, identified as a 10% owner of Utz Brands, Inc. (UTZ), sold 78,750 shares of Class A Common Stock.
• The sale price was $17.4 per share.
• Following the transaction, Series R of UM Partners, LLC beneficially owns 70,215 shares of Utz Brands, Inc.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock sale. The sale itself doesn't necessarily indicate a positive or negative outlook.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell the company's stock. These filings provide transparency to the market regarding the transactions of those with privileged information.

Stakeholder Impact

• The sale of shares by a significant shareholder could potentially create short-term price volatility for Utz Brands, Inc. (UTZ).

Key Dates