Sec Form 4/A Filing - LACHMAN TODD R @ Sovos Brands, Inc. - 2023-02-10

Insider filing report for Changes in Beneficial Ownership
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FORM 4/A
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
LACHMAN TODD R
2. Issuer Name and Ticker or Trading Symbol
Sovos Brands, Inc. [ SOVO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO
(Last) (First) (Middle)
C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200
3. Date of Earliest Transaction (MM/DD/YY)
02/10/2023
(Street)
LOUISVILLE, CO80027
4. If Amendment, Date Original Filed (MM/DD/YY)
02/14/2023
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Common Stock 02/10/2023 A 80,576 ( 1 ) ( 2 ) A $ 0 2,610,337 ( 3 ) ( 4 ) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LACHMAN TODD R
C/O SOVOS BRANDS, INC.
168 CENTENNIAL PARKWAY, SUITE 200
LOUISVILLE, CO80027
X CEO
Signatures
/s/ Isobel A. Jones, Attorney-in-Fact 03/14/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents restricted stock units subject to time-based vesting and the terms of the awards agreement.
( 2 )The original Form 4, filed on February 14, 2023, is being amended by this Form 4 amendment solely to correct an administrative error, which mistakenly reported a grant of 14,388 restricted stock units granted to the Reporting Person rather than the correct amount of 94,964 restricted stock units. The additional 80,576 restricted stock units that were granted on February 10, 2023 but not included in the original Form 4 filing are being reported in this Form 4 Amendment.
( 3 )Corrected to include the additional 80,576 restricted stock units reported in this Form 4 amendment.
( 4 )Includes 218,580 restricted shares of common stock of the Issuer subject to time-based vesting (a portion of which vest on September 23, 2024 or September 23, 2025, if the original performance goals are not earlier achieved), 471,846 restricted shares of common stock of the Issuer subject to performance-based vesting, and 705,656 restricted stock units subject to time-based vesting (a portion of which will vest on September 23, 2024 or September 23, 2025, if original performance criteria is not earlier achieved), subject in each case to the Reporting Person's continued service with the Issuer and the terms of the applicable award agreement.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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