Form 4: Utz Brands Director Roger K. Deromedi Donates 12,000 Shares to Charity

Utz Brands, Inc. Director Roger K. Deromedi reported a charitable donation of 12,000 shares of Class A Common Stock from a revocable trust.

Summary

• Roger K. Deromedi, a Director of Utz Brands, Inc. (UTZ), filed a Form 4 reporting a change in beneficial ownership.
• On June 2, 2025, Mr. Deromedi, through the Roger K. Deromedi Revocable Trust, Dated 2/11/2000, Amended and Restated 11/2/2011, made a charitable donation of 12,000 shares of Class A Common Stock.
• This transaction was a gift and not a market sale, therefore no price was reported, and no value was received for the gifted shares.
• Following this transaction, Mr. Deromedi's direct beneficial ownership of Class A Common Stock is 35,052 shares.
• Indirect beneficial ownership includes 2,083,389 shares held by the Revocable Trust, 409,369 shares by the 2024 GRAT 1, 360,000 shares by the Irrevocable Trust (over which beneficial ownership is disclaimed), 461,401 shares by the 2021 GRAT, and 1,000,000 shares by the 2024 GRAT 2.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While it represents a reduction in a director's holdings, it's a charitable donation rather than a sale, which is generally viewed as a non-negative event and reflects philanthropic activity.

Positives

• The transaction represents a philanthropic act by a company director, demonstrating charitable engagement.

Negatives

• The donation reduces the director's overall beneficial ownership, though it is a non-market transaction.

Risks

• No specific risks related to company operations or financial health are disclosed in this Form 4 filing, as it pertains solely to insider stock ownership changes.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding Utz Brands, Inc.'s future financial performance or strategic direction.

Management Comments

• The filing indicates that the transaction was a charitable donation of shares held by the Roger K. Deromedi Revocable Trust, with no value received for the gifted shares.

Industry Context

This Form 4 filing is a routine disclosure of an insider's change in beneficial ownership and does not provide information related to broader industry trends or competitive landscape within the snack food sector.

Related Party Transactions

• The transaction involves a charitable donation of shares from a revocable trust controlled by the reporting person, Roger K. Deromedi, to a charitable organization.

Stakeholder Impact

• Shareholders: Minimal direct impact, as it's a non-market transaction by a director and does not reflect operational performance.
• Employees, Customers, Suppliers, Creditors: No direct impact from this insider ownership change.

Key Dates

Keywords

Utz Brands, UTZ, Roger K. Deromedi, Form 4, SEC filing, insider transaction, stock ownership, charitable donation, Class A Common Stock, beneficial ownership