Form 4: Utz Brands Director Gifts Shares to Family Trusts

Utz Brands Director Dylan Lissette gifted 74,145 shares of Class A Common Stock to trusts for his children.

Summary

• Director Dylan Lissette of Utz Brands, Inc. (UTZ) reported a gift of 74,145 shares of Class A Common Stock.
• The transaction occurred on August 20, 2025.
• The shares were gifted to trusts established for the benefit of his children.
• Specifically, 59,316 shares were gifted to trusts for children not residing in his household.
• An additional 14,829 shares were gifted to a trust for a child residing in his household.
• Following this transaction, Dylan Lissette directly holds 114,033 shares of Class A Common Stock.
• He also indirectly holds 14,829 shares through a trust for his youngest child, disclaiming beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: The filing reports a routine insider gift of shares, which is a personal financial planning event and does not reflect on the company's operational or financial performance.

Negatives

• Direct beneficial ownership of Class A Common Stock by Director Dylan Lissette decreased by 74,145 shares due to the gift.

Risks

• The filing does not detail company-specific operational or financial risks. The primary risk related to this filing type is the potential for investor misinterpretation of insider transaction motives, though this is a gift, not a sale.

Future Outlook

This Form 4 filing reports a specific insider transaction and does not provide any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive dynamics within the snack food sector.

Related Party Transactions

• Gift of 74,145 shares of Class A Common Stock by Director Dylan Lissette to trusts for the benefit of his children.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but the shares remain within the family's control (indirectly), generally resulting in a neutral impact.
• Employees, Customers, Suppliers, Creditors: No direct impact from this personal financial transaction.

Key Dates

Recommendation

The Form 4 filing details a personal financial planning transaction by a director involving a gift of shares to family trusts. This event is neutral to the company's operational performance and does not provide new information to alter an investment thesis for Utz Brands, Inc.

Keywords

Utz Brands, UTZ, Director, Insider Transaction, Stock Gift, Form 4, Beneficial Ownership