Daniel R. Rivera - Nov 3, 2021 Form 4 Insider Report for Driven Brands Holdings Inc. (DRVN)

Role
EVP & Group President, Maint.
Signature
/s/ Scott O'Melia, Attorney In Fact
Stock symbol
DRVN
Transactions as of
Nov 3, 2021
Transactions value $
-$1,342,568
Form type
4
Date filed
11/5/2021, 06:52 PM
Next filing
Dec 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRVN Common Stock Sale -$452K -14K -16.61% $32.19 70.5K Nov 3, 2021 Direct F1
transaction DRVN Common Stock Sale -$50K -1.56K -2.21% $32.08 68.9K Nov 4, 2021 Direct F2
transaction DRVN Common Stock Sale -$840K -26.2K -37.96% $32.11 42.8K Nov 5, 2021 Direct F3
holding DRVN Common Stock 444K Nov 3, 2021 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $32.01 to $32.48 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The reported price in Column 4 is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $32.00 to $32.19 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The reported price in Column 4 is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $32.00 to $32.32 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Represents (i) 40,445 shares of restricted stock granted to the reporting person that vest in 4 equal installments (rounded to the nearest integer) on the next upcoming 4 anniversaries of January 1, 2020 and (ii) 403,694 shares of restricted stock that will vest upon the achievement by RC Driven Holdco LLC and certain of its affiliates of certain internal rate of return thresholds in respect of their investment in Driven Brand Holdings Inc.'s securities.