Jonathan G. Fitzpatrick - Oct 30, 2023 Form 4 Insider Report for Driven Brands Holdings Inc. (DRVN)

Signature
/s/ Scott O'Melia, Attorney-In-Fact
Stock symbol
DRVN
Transactions as of
Oct 30, 2023
Transactions value $
$0
Form type
4
Date filed
11/1/2023, 05:32 PM
Previous filing
May 30, 2023
Next filing
Feb 29, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DRVN Stock Option (right to buy) Award $0 +1.23M $0.00 1.23M Oct 30, 2023 Common Stock 1.23M $22.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents stock options granted in connection with Driven Brands Holdings Inc.'s (the "Company's") initial public offering that were originally eligible to vest based on the achievement of certain returns by Roark Capital and certain of its affiliates after it owned and controlled less than 50% of the equity and voting interests in the Company, that were converted to time-based awards that vest in full on April 30, 2025, subject to the Reporting Person's continuous service through such date.