Inclusive Capital Partners, L.P. - Oct 31, 2023 Form 4 Insider Report for UNIFI INC (UFI)

Role: Other*, 10%+ Owner
Signature: Inclusive Capital Partners, L.P. /s/ Philippe B. Pradel, Chief Compliance Officer
Stock symbol: UFI
Transactions as of: Oct 31, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/2/2023, 05:29 PM
Previous filing: Aug 4, 2023
Next filing: Nov 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UFI	Common Stock	Award	$0	+7.45K	+34.48%	$0.00	29.1K	Oct 31, 2023	See footnotes	F1, F2, F4
holding	UFI	Common Stock						1.92M	Oct 31, 2023	See footnotes	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of common stock to Ms. Eva Zlotnicka ("Ms. Zlotnicka"), a Founder and Managing Partner at In-Cap (as defined below), by the Issuer on October 31, 2023, for her services as a director of the Issuer pursuant to the Issuer's director compensation policy. Ms. Zlotnicka is deemed to hold the shares of common stock for the benefit of In-Cap Spring Master Fund , L.P. ("In-Cap Spring Master Fund") and indirectly for the benefit of In-Cap, and may, after vesting, if applicable, transfer the shares of common stock directly to In-Cap Spring Master Fund. Ms. Zlotnicka has separately reported this grant on her own Form 4 as well.
F2	Includes a grant of 11,635 shares of common stock reported by Ms. Zlotnicka on her Form 4 filed on November 4, 2022.
F3	The securities reported herein are held by In-Cap Spring Master Fund to which Inclusive Capital Partners, L.P., a Delaware limited partnership ("In-Cap" or the "Reporting Person"), acts as investment manager. Mr. Jeffrey W. Ubben indirectly controls In-Cap.
F4	The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.

Remarks:

In-Cap may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, by virtue of the fact that Ms. Zlotnicka currently serves on the board of directors of the Issuer.