John Kristofer Galashan - Mar 27, 2024 Form 4 Insider Report for Container Store Group, Inc. (TCS)

Role
Director, More than 10% owner
Signature
/s/ Andrew C. Goldberg, attorney-in-fact
Stock symbol
TCS
Transactions as of
Mar 27, 2024
Transactions value $
$0
Form type
4
Date filed
3/29/2024, 06:43 PM
Previous filing
Sep 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction TCS Common Stock, par value $0.01 -Disposed to Issuer $0 -31,165 -21.93% $0.00 110,957 Mar 27, 2024 Direct F1
holding TCS Common Stock, par value $0.01 15,334,006 Mar 27, 2024 See footnote F2, F3

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
holding TCS Stock Option (Right to Buy) 10,132 Mar 27, 2024 Common Stock 10,132 $21.53 Direct F4, F5
holding TCS Stock Option (Right to Buy) 11,821 Mar 27, 2024 Common Stock 11,821 $17.28 Direct F4, F5
holding TCS Stock Option (Right to Buy) 30,675 Mar 27, 2024 Common Stock 30,675 $5.35 Direct F4, F5
holding TCS Stock Option (Right to Buy) 42,919 Mar 27, 2024 Common Stock 42,919 $4.10 Direct F4, F5

Explanation of Responses:

Id Content
F1 When determining the number of shares subject to the restricted stock awards granted to the directors of the Issuer on August 30, 2023, the Issuer inadvertently granted 31,165 shares of restricted stock (the "Excess Shares") in excess of the number to which the directors were entitled pursuant to the Issuer's plans and policies. On March 27, 2024, the directors forfeited the Excess Shares.
F2 Represents shares of Common Stock, par value $0.01 per share (the "Common Stock") of the Issuer owned by Green Equity Investors V, L.P. ("GEI V"), Green Equity Investors Side V, L.P. ("GEI Side V"), and TCS Co-Invest, LLC ("TCS"). Of the shares of Common Stock reported, 11,680,206 are owned by GEI V, 3,503,776 are owned by GEI Side V, and 150,024 are owned by TCS.
F3 Mr. Galashan directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of the shares owned by GEI V, GEI Side V, and TCS. Mr. Galashan disclaims beneficial ownership of the shares reported herein except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F4 The options on this row are fully vested.
F5 The options reported on this row are held by Mr. Galashan for the benefit of Leonard Green & Partners, L.P. Mr. Galashan disclaims beneficial ownership of these securities.