Form 4: UM Partners, LLC Series U Executes Share Exchange in Utz Brands

Series U of UM Partners, LLC exchanged Common Company Units and Class V Common Stock for Class A Common Stock in Utz Brands, Inc.

Summary

• Series U of UM Partners, LLC, a significant shareholder in Utz Brands, Inc., executed a transaction involving the exchange of securities.
• The transaction involved the exchange of 850,000 Common Company Units and 850,000 shares of Class V Common Stock for 850,000 shares of Class A Common Stock.
• The exchange was conducted at a price of $0 per share, reflecting the nature of the exchange rather than a purchase or sale.
• Following the transaction, Series U of UM Partners, LLC directly owns 1,700,000 shares of Class A Common Stock and 48,746,650 shares of Class V Common Stock.
• The Common Company Units are non-voting interests in Utz Brands Holdings, LLC and can be exchanged for Class A Common Stock on a one-for-one basis.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, not a market event, and is neutral to slightly positive as it simplifies the ownership structure.

Positives

• The exchange simplifies the ownership structure for Series U of UM Partners, LLC.
• The conversion of Common Company Units to Class A Common Stock provides more direct economic rights.

Industry Context

This transaction is a routine filing related to changes in beneficial ownership and is not indicative of broader industry trends.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders in publicly traded companies.
• The exchange of units for common stock is a common mechanism for private equity firms to manage their holdings in public companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is an internal exchange of securities.

Key Dates

Keywords

Utz Brands, UM Partners, Share Exchange, Class A Common Stock, Class V Common Stock, Common Company Units, Securities Exchange, Ownership