SCHEDULE: Utz Brands: Giordano, Chu Update Stake to 5.03%
Beneficial Ownership Update
Jason K. Giordano and Chinh E. Chu have updated their beneficial ownership in Utz Brands, Inc. Class A Common Stock, collectively holding 5.03% of the outstanding shares.
Summary
- Jason K. Giordano beneficially owns 3,813,693 Class A Common Stock shares, representing 4.42% of the class, with 709,647 of these shares held jointly with his spouse.
- Chinh E. Chu beneficially owns 524,716 Class A Common Stock shares, representing 0.61% of the class, held directly by CC Collier Holdings, LLC, over which he has voting and dispositive power.
- The reported percentages are calculated based on 86,201,901 Class A Shares outstanding as of July 28, 2025, as reported in Utz Brands, Inc.'s Form 10-Q filed on July 31, 2025.
- If considered a Section 13(d) group, Jason K. Giordano and Chinh E. Chu would collectively hold 4,338,409 Class A Shares, constituting 5.03% of the outstanding Class A Shares.
- The filing explicitly states that it should not be construed as an admission that the reporting persons are acting as a Section 13(d) group for the purpose of Section 13(d) or 13(g) of the Exchange Act.
Sentiment
Score: 5
Explanation: The filing is a routine amendment to a Schedule 13G, disclosing updated beneficial ownership percentages for two individuals. It does not contain information that would significantly alter the company's operational or financial outlook, thus maintaining a neutral sentiment.
Positives
- This filing is a routine disclosure of beneficial ownership, providing transparency regarding significant shareholder stakes in Utz Brands, Inc.
Negatives
- This filing is a routine disclosure of beneficial ownership and does not contain information typically categorized as negative regarding the company's operations or financial performance.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders are informed of the updated beneficial ownership stakes of Jason K. Giordano and Chinh E. Chu, providing transparency on significant holders.
- The disclosure confirms that two individuals, if considered a group, hold just over the 5% threshold, which is a standard reporting requirement under SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 2022-02-11 | Date of Joint Filing Agreement by Jason K. Giordano, Chinh E. Chu, and Collier Creek Partners LLC, incorporated by reference. |
| 2025-07-28 | Date as of which 86,201,901 Class A Shares were outstanding, as reported in the Issuer's Form 10-Q. |
| 2025-07-31 | Date the Issuer's Form 10-Q was filed with the SEC, reporting outstanding shares. |
| 2025-09-30 | Date of event which requires filing of this statement. |
| 2025-10-10 | Date of signature for Jason K. Giordano and Chinh E. Chu on the Schedule 13G/A filing. |
Keywords
Utz Brands, UTZ, Class A Common Stock, beneficial ownership, Schedule 13G, Jason K. Giordano, Chinh E. Chu, SEC filing, shareholder stake
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.