David Kanen - 31 Oct 2022 Form 4 Insider Report for Lazydays Holdings, Inc. (LAZY)

Signature
/s/ David Kanen
Issuer symbol
LAZY
Transactions as of
31 Oct 2022
Transactions value $
-$1,757,124
Form type
4
Filing time
17 Jan 2023, 19:11:58 UTC
Previous filing
17 Jan 2023
Next filing
28 Dec 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAZY Common Stock, par value $0.0001 Sale -$7,818 -615 -0.14% $12.71 425,974 31 Oct 2022 Kanen Wealth Management, LLC F1, F2
transaction LAZY Common Stock, par value $0.0001 Sale -$12,636 -900 -0.21% $14.04 425,074 22 Nov 2022 Kanen Wealth Management, LLC F1, F2
transaction LAZY Common Stock, par value $0.0001 Sale -$114,338 -6,699 -1.6% $17.07 418,375 29 Nov 2022 Kanen Wealth Management, LLC F1, F2
transaction LAZY Common Stock, par value $0.0001 Sale -$182,003 -13,518 -3.2% $13.46 404,857 05 Dec 2022 Kanen Wealth Management, LLC F1, F2
transaction LAZY Common Stock, par value $0.0001 Sale -$1,440,626 -107,000 -100% $13.46 0 05 Dec 2022 Philotimo Focused Growth and Income Fund F1, F4
holding LAZY Common Stock, par value $0.0001 4,980 31 Oct 2022 Direct F1
holding LAZY Common Stock, par value $0.0001 250,000 31 Oct 2022 Philotimo Fund, LP F1, 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
transaction LAZY Warrants (right to buy) Purchase $300 +300 +0.12% $1* 240,336 31 Oct 2022 Common Stock 150 $11.5 Philotimo Focused Growth and Income Fund F1, F4, F5
holding LAZY Warrants (right to buy) 575,717 31 Oct 2022 Common Stock 287,859 $11.5 Philotimo Fund, LP F1, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

David Kanen is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This Form 4 is filed jointly by David Kanen, Kanen Wealth Management, LLC ("KWM"), Philotimo Fund, LP, and Philotimo Focused Growth and Income Fund (collectively, the "Reporting Persons"). As of December 5, 2022, the Reporting Persons ceased to beneficially own in the aggregate more than 10% of the Issuer's outstanding Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
F2 Securities directly beneficially owned by KWM. Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the securities owned by KWM.
F3 Securities directly beneficially owned by Philotimo Fund, LP. KWM, as the general partner of Philotimo Fund, LP, and Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the securities owned by Philotimo Fund, LP.
F4 Securities directly beneficially owned by Philotimo Focused Growth and Income Fund. KWM, as the investment manager of Philotimo Focused Growth and Income Fund, and Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the securities owned by Philotimo Focused Growth and Income Fund.
F5 Immediately exercisable.

Remarks:

The Reporting Persons will disgorge any statutory "profits" resutling from the transactions reported herein pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended, to the Issuer in the amount of $695.70, representing the maximum amount of profits for which the Reporting Persons may be liable.