Boston Beer (NYSE: SAM) officer receives RSU grant and uses shares for taxes

Rhea-AI Filing Summary

Boston Beer Company executive reports equity award and tax withholding

Philip E. Savastano, Chief Supply Chain Officer of Boston Beer, reported two Class A Common Stock transactions on March 1, 2026. The issuer net withheld 134 shares at $226.78 per share to cover taxes owed on vesting Restricted Stock Units, a tax-withholding disposition that reduced his directly held shares to 2,003.

On the same date, he received a grant of 1,544 Restricted Stock Units at a stated price of $0.00 per share under the company’s employee equity incentive plan, increasing his directly held position to 3,547 shares. The reported holdings include 3,183 shares of restricted stock that remain subject to vesting conditions, meaning the executive’s ability to sell those shares depends on meeting specified service or performance requirements.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Savastano Philip E.

(Last) (First) (Middle)

C/O THE BOSTON BEER COMPANY, INC.

ONE DESIGN CENTER PLACE, SUITE 850

(Street)

BOSTON MA 02210

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BOSTON BEER CO INC [ SAM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Supply Chain Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/01/2026		F(1)		134	D	$226.78	2,003	D
Class A Common	03/01/2026		A(2)		1,544	A	$0.00	3,547(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Issuer net withheld the vesting of a percentage of shares to satisfy the tax obligations of the Reporting Person flowing from the vesting of Restricted Stock Units ("RSUs"). The Reporting Person had a total of 498 RSUs vest on March 1, 2026.

2. Represents grants of Restricted Stock Units ("RSUs") under the Issuer's Restated Employee Equity Incentive Plan ("EEIP"). The details of these grants were disclosed in a Current Report on Form 8-K filed by the Issuer on February 17, 2026.

3. The shares reported include 3,183 shares of restricted stock subject to vesting conditions.

Remarks:

	Michael G. Andrews under POA for the benefit of Philip E. Savastano	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did SAM executive Philip Savastano report on March 1, 2026?

Philip Savastano reported two transactions: a tax-withholding disposition of 134 Class A shares and a grant of 1,544 Restricted Stock Units. Both involved Boston Beer Class A Common Stock and were tied to the company’s employee equity compensation programs.

Was the Boston Beer (SAM) Form 4 transaction a regular sale of shares?

No, the disposition was for tax withholding. The issuer net withheld 134 shares to satisfy tax obligations from vesting Restricted Stock Units, rather than Savastano selling shares in an open-market transaction to raise cash personally.

How many Boston Beer (SAM) shares did Philip Savastano receive in new equity awards?

Savastano received 1,544 Restricted Stock Units as a grant under Boston Beer’s Restated Employee Equity Incentive Plan. These RSUs were recorded at a price of $0.00 per share, reflecting an award rather than a market purchase of stock.

What are Philip Savastano’s Boston Beer (SAM) share holdings after these Form 4 transactions?

After the reported transactions, Savastano directly holds 3,547 Class A shares. This total includes 3,183 shares of restricted stock that are still subject to vesting conditions before they become fully unrestricted and freely tradable.

How many Restricted Stock Units vested for Boston Beer (SAM) executive Philip Savastano?

Footnotes state that 498 Restricted Stock Units vested for Savastano on March 1, 2026. To cover the resulting tax obligations, the issuer net withheld 134 shares rather than requiring Savastano to separately sell stock to pay the related taxes.

Under which plan were the new Boston Beer (SAM) RSU grants to Philip Savastano made?

The 1,544 Restricted Stock Units granted to Savastano were issued under Boston Beer’s Restated Employee Equity Incentive Plan. Footnotes note these grants were previously described in a Current Report on Form 8-K filed on February 17, 2026.