[Form 4] Utz Brands, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Christina Choi, a director of Utz Brands, Inc. (UTZ), reported a sale of 5,703 shares of Class A common stock on 09/04/2025 at $13.63 per share, reducing her beneficial ownership to 33,710 shares. The filing states the shares were sold to satisfy the reporting persons tax liability arising from the settlement of a restricted stock unit award. The Form 4 was signed by an attorney-in-fact on 09/05/2025 and shows no other transactions or derivative positions reported.

Positive

• Disclosure provided with specific transaction details including date, number of shares, and price
• Reason stated for sale: tax withholding from RSU settlement, indicating routine compensation-related disposition

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A director sold a small portion of her holdings to cover taxes from RSU settlement; transaction appears routine and non-material.

The sale of 5,703 shares at $13.63, leaving 33,710 shares owned, is identified as a tax-withholding sale tied to RSU settlement rather than an opportunistic divestiture. As reported on Form 4, there are no derivative positions disclosed and no indications of additional related-party transactions. For governance review, this is a standard after-tax disposition following equity compensation vesting and does not, on its face, indicate change in board alignment or control.

Securities Analyst

TL;DR: Transaction is administrative: shares sold to satisfy tax obligations; size appears modest relative to typical insider holdings.

The reported sale price of $13.63 and the reduction to 33,710 shares are explicit in the filing. The explanation states the sale satisfied tax liabilities from RSU settlement, which is a common reason for Form 4 sales and typically carries neutral informational value for investors. No additional material disclosures, such as loans, pledges, or derivative exercises, are present in the Form 4.

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
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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^*

Choi Christina

(Last) (First) (Middle)

C/O UTZ BRANDS, INC.

900 HIGH STREET

(Street)

HANOVER PA 17331

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Utz Brands, Inc. [ UTZ ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2025

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	09/04/2025		S		5,703(1)	D	$13.63	33,710	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. Represents shares sold by Reporting Person to satisfy Reporting Person's tax liability as a result of the settlement of a restricted stock unit award.

Remarks:

	/s/ Theresa R. Shea, as attorney-in-fact for Christina Choi	09/05/2025
	** 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 did Christina Choi report on the Form 4 for UTZ?

She reported selling 5,703 shares of Class A common stock on 09/04/2025 at $13.63 per share, leaving her with 33,710 shares.

Why were the shares sold according to the filing?

The filing states the shares were sold to satisfy the reporting persons tax liability resulting from the settlement of a restricted stock unit award.

Does the Form 4 show any derivative or option transactions for Christina Choi?

No. Table II for derivative securities contains no reported transactions or holdings.

When was the Form 4 signed and filed?

The signature by an attorney-in-fact is dated 09/05/2025; the transaction date reported is 09/04/2025.