Weis Markets announces share purchase agreement

Weis Markets (WMK) announced effective June 6, 2025 that it has purchased in a private transaction 2,153,846 shares of the company’s common Stock, no par value for an aggregate purchase price of $140M, or approximately $65.00 per share, pursuant to a Share Purchase Agreement among the trustees of The Patricia Weis Marital Trust and The Patricia Ross Weis Revocable Trust and the company. The Sellers are affiliated with Jonathan Weis, the Chairman, President, and CEO of the company, and other members of the Weis family. The Sellers will use the proceeds from the sale principally to satisfy estate tax obligations of the estate of Patricia Weis. Following the sale, the Sellers continue to own 4,051,383 shares of common stock, and members of the Weis Family remain owners of approximately 61% of the outstanding common stock.