Boston Beer Co INC: directors' dealings · United States · SEC (Form 4)

About Boston Beer Co INC

Boston Beer Co Inc (NYSE: SAM, United States) is one of the best-known names in the U.S. alcoholic beverage market and a company closely associated with the modern craft-beer movement. Founded in 1984 by Jim Koch, the business began with Samuel Adams Boston Lager, a beer that helped establish Boston Beer as a leading independent American brewer. The company is headquartered in Boston, Massachusetts, reinforcing the historic identity that sits at the center of its brand equity. Today, Boston Beer operates as a multi-brand beverage platform rather than a pure beer company. Its portfolio includes Samuel Adams, Dogfish Head, Angry Orchard cider, Twisted Tea hard iced tea, Truly Hard Seltzer, Sun Cruiser and other alcohol-beverage initiatives. This portfolio strategy gives the company exposure to several growth segments within the U.S. beverage industry, balancing legacy brands with more innovation-led offerings. From a competitive standpoint, Boston Beer stands out for brand recognition, national distribution reach and a long track record of product innovation. At the same time, it faces a highly competitive market environment shaped by large global brewers, shifting consumer tastes and rapid category rotation across beer, cider, hard tea, hard seltzer and ready-to-drink beverages. In practice, Boston Beer is often viewed as a premium brand-driven niche leader rather than a pure volume player. Geographically, the company remains overwhelmingly focused on the United States, which is its core commercial market. Its products are sold through retail, on-premise and beverage distribution channels across the country. For investors, it is also important to note that Boston Beer is listed on the NYSE under the ticker SAM. Recent developments point to a business that is still navigating a challenging category backdrop, but with improving operating discipline. In its 2025 results released in February 2026, Boston Beer reported full-year revenue of $1.965 billion, down 2.4% year over year, alongside stronger gross margins and solid cash generation. Management highlighted volume pressure in brands such as Twisted Tea, Truly Hard Seltzer and Samuel Adams, partly offset by growth in Sun Cruiser, Angry Orchard and Dogfish Head. The company also ended the year with cash on hand and no debt, while continuing share repurchases and focusing on productivity initiatives, portfolio investment and innovation pipeline development.