Deromedi discloses 4,772,885 UTZ Class A shares, representing 5.54%
Rhea-AI Filing Summary
Roger K. Deromedi filed an amendment to Schedule 13G reporting beneficial ownership of 4,772,885 shares of Utz Brands, Inc. Class A common stock, representing 5.54% of the Class A shares outstanding. The percentage is calculated using 86,201,901 Class A shares outstanding as of 07/28/2025. Holdings are held across several trusts and directly: 2,516,736 shares in a Revocable Trust, 461,401 in a 2021 GRAT, 25,379 directly, 360,000 in an Irrevocable Generation Skipping Trust (held by spouse), 409,369 in a 2024 GRAT, and 1,000,000 in a 2024 GRAT 2. The filing notes voting and dispositive power over the Revocable Trust and the GRATs, and disclaims beneficial ownership of the shares controlled by the spouse-held Irrevocable Trust.
Positive
- Material stake reported: Ownership of 4,772,885 shares equals 5.54% of Class A, a clear, reportable position
- Concentrated long-term holdings: Majority of shares held via trusts, indicating stable ownership intent
Negative
- Spouse-controlled trust excluded: 360,000 shares are held in an Irrevocable Trust controlled by the spouse and disclaimed, which reduces consolidated family control
- Potential dilution sensitivity: Percentage is based on 86,201,901 outstanding Class A shares as of 07/28/2025; future issuances would dilute the reported 5.54%
Insights
5.54% stake signals a significant insider-affiliated ownership position.
The reported 5.54% ownership is above the material threshold that typically draws investor attention and may influence governance dynamics. Concentration across trusts and direct holdings shows long-term estate planning rather than immediate trading activity.
Dependence on trusts means control is routed through estate vehicles; watch any future amendments that change voting power or convert Class A shares, particularly around proxy events within the next 12 months.
Stake composition clarifies where votes and dispositive power reside.
The filing specifies sole voting and dispositive power over 4,772,885 shares, indicating the Reporting Person can direct voting and dispositions for those shares. The spouse-controlled trust holds 360,000 shares which the filer disclaims, reducing perceived aggregate family control.
Investors should note the 07/28/2025 outstanding-share base used to calculate 5.54%; any future share issuance or class conversions will change this percentage immediately when reported.