MITCHELL P. RALES - 16 Nov 2022 Form 4 Insider Report for ESAB Corp (ESAB)

Role
Director
Signature
By: /s/ Mitchell P. Rales
Issuer symbol
ESAB
Transactions as of
16 Nov 2022
Transactions value $
$20,000,000
Form type
4
Filing time
17 Nov 2022, 16:00:16 UTC
Previous filing
17 May 2022
Next filing
03 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESAB Common Stock, par value $.001 Purchase $20M +500K +54.7% $40.00 1.41M 16 Nov 2022 Direct F1
holding ESAB Common Stock, par value $.001 4.82K 16 Nov 2022 By Daughter F2, F3
holding ESAB Common Stock, par value $.001 4.82K 16 Nov 2022 By Daughter F2, F3
holding ESAB Common Stock, par value $.001 2M 16 Nov 2022 Through single-member LLC F2, F4
holding ESAB Common Stock, par value $.001 226K 16 Nov 2022 Through the Mitchell P. Rales Family Trust F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 914,098 shares of the Issuer's common stock acquired in the pro-rata spin-off distribution by Enovis Corporation (formerly known as Colfax Corporation) ("Enovis") of the shares of the Issuer.
F2 Represents shares of the Issuer's common stock acquired in the pro-rata spin-off distribution by Enovis of the shares of the Issuer.
F3 The reported shares are held through custodial accounts for the benefit of the Reporting Person's daughter. The Reporting Person disclaims beneficial ownership of the shares held by his daughter, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose.
F4 The reported shares are held through a single-member LLC, of which a revocable trust with the Reporting Person as the sole trustee and beneficiary is the sole member.
F5 The Reporting Person is the trustee of the Mitchell P. Rales Family Trust.