Boston Beer (SAM) COO has shares withheld to cover RSU tax bill

Rhea-AI Filing Summary

Boston Beer Company’s Chief Operating Officer, Philip A. Hodges, reported a Form 4 showing a tax-withholding disposition of 1,587 shares of Class A Common stock on March 1, 2026. The issuer net withheld these shares to cover taxes on 3,811 restricted stock units that vested the same day. After this transaction, Hodges directly owned 45,301 shares, including 30,378 shares of restricted stock subject to vesting conditions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hodges Philip A.

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common	1,587	$226.78	$360K

Holdings After Transaction: Class A Common — 45,301 shares (Direct)

Footnotes (1)

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 3,811 RSUs vest on March 1, 2026. The shares reported include 30,378 shares of restricted stock subject to vesting conditions.

Form 4 Insider Transactions: What Each Field Means →

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^*

Hodges Philip A.

(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 Operating 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	03/01/2026		F(1)		1,587	D	$226.78	45,301(2)	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 3,811 RSUs vest on March 1, 2026.

2. The shares reported include 30,378 shares of restricted stock subject to vesting conditions.

Remarks:

	Michael G. Andrews under POA for the benefit of Philip A. Hodges	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 transaction did Boston Beer (SAM) report for Philip A. Hodges?

Boston Beer reported a tax-withholding disposition by COO Philip A. Hodges. On March 1, 2026, 1,587 Class A Common shares were net withheld to satisfy tax obligations arising from the vesting of 3,811 restricted stock units granted to him.

Was the Boston Beer (SAM) Form 4 a market sale of shares by the COO?

No, the Form 4 reflects a tax-withholding disposition, not an open-market sale. The issuer net withheld 1,587 shares from vested restricted stock units to cover Hodges’ tax liabilities from the March 1, 2026 RSU vesting.

How many restricted stock units vested for Boston Beer’s COO on March 1, 2026?

Philip A. Hodges had 3,811 restricted stock units vest on March 1, 2026. A portion of the resulting shares, 1,587 shares of Class A Common, was net withheld by the issuer to satisfy his related tax obligations.

How many Boston Beer (SAM) shares does Philip A. Hodges own after this Form 4?

After the reported transaction, Hodges directly owned 45,301 shares of Boston Beer Class A Common. This total includes 30,378 shares of restricted stock that remain subject to vesting conditions as disclosed in the Form 4 footnotes.

What does transaction code “F” mean in the Boston Beer (SAM) Form 4?

Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. Here, it represents the issuer’s net withholding of 1,587 shares to cover taxes on Hodges’ 3,811 vested restricted stock units on March 1, 2026.