Downing Steven R - Jan 5, 2024 Form 4 Insider Report for VOXX International Corp (VOXX)

Role
Director
Signature
/s/ Steven R. Downing
Stock symbol
VOXX
Transactions as of
Jan 5, 2024
Transactions value $
$15,687,500
Form type
4
Date filed
1/8/2024, 12:06 PM
Previous filing
Dec 12, 2023
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VOXX Class A Common Stock Purchase $15.7M +1.57M +89.96% $10.00 3.31M Jan 5, 2024 See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed pursuant to a Stock Purchase Agreement between Gentex Corporation as Purchaser, and Avalon Park International LLC and Avalon Park Group Holding AG, as Sellers.
F2 The reported number of shares are owned directly by Gentex Corporation, of which Mr. Downing is the Chief Executive Officer. Accordingly, by virtue of Mr. Downing's relationship with Gentex, Mr. Downing may be deemed to beneficially own the shares of the Company's Class A Common Stock owned directly by Gentex. Mr. Downing disclaims beneficial ownership of the shares of Company Class A Common Stock owned directly by Gentex except to the extent of his pecuniary interest.