Jason Kilgore - Feb 10, 2025 Form 4 Insider Report for Summit Materials, Inc. (SUM)

Role: EVP, West Segment Construction Materials
Signature: /s/ Christopher B. Gaskill, as Attorney-in-Fact
Stock symbol: SUM
Transactions as of: Feb 10, 2025
Transactions value $: -$6,109,320
Form type: 4
Date filed: 2/10/2025, 05:34 PM
Previous filing: Jan 17, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SUM	Class A Common Stock	Disposed to Issuer	-$406K	-7.73K	-100%	$52.50	0	Feb 10, 2025	Direct	F1
transaction	SUM	Class A Common Stock	Disposed to Issuer	-$5.7M	-109K	-100%	$52.50	0	Feb 10, 2025	See Footnote	F1, F2

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

Type	Sym	Class	Transaction	Shares	Change %	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SUM	Option (right to buy)	Disposed to Issuer	-8.74K	-100%	Feb 10, 2025	Class A Common Stock	8.74K	$17.07	Direct	F1
transaction	SUM	Option (right to buy)	Disposed to Issuer	-6.28K	-100%	Feb 10, 2025	Class A Common Stock	6.28K	$23.89	Direct	F1
transaction	SUM	Restricted Stock Units	Disposed to Issuer	-2.8K	-100%	Feb 10, 2025	Class A Common Stock	2.8K		Direct	F1
transaction	SUM	Restricted Stock Units	Disposed to Issuer	-6.43K	-100%	Feb 10, 2025	Class A Common Stock	6.43K		Direct	F1
transaction	SUM	Restricted Stock Units	Disposed to Issuer	-13.2K	-100%	Feb 10, 2025	Class A Common Stock	13.2K		Direct	F1
transaction	SUM	Restricted Stock Units	Disposed to Issuer	-17.7K	-100%	Feb 10, 2025	Class A Common Stock	17.7K		Direct	F1
transaction	SUM	Performance Stock Units	Disposed to Issuer	-9.65K	-100%	Feb 10, 2025	Class A Common Stock	9.65K		Direct	F1
transaction	SUM	Performance Stock Units	Disposed to Issuer	-13.2K	-100%	Feb 10, 2025	Class A Common Stock	13.2K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id	Content
F1	At or immediately prior to the effective time of the transactions contemplated by the Agreement and Plan of Merger, dated November 24, 2024, by and among Summit Materials, Inc., Quikrete Holdings, Inc., and Soar Subsidiary, Inc., (i) each share of Class A common stock of the issuer held by the reporting person was canceled, retired and converted into the right to receive $52.50 in cash (the "Merger Consideration"), (ii) each restricted stock unit held by the reporting person was fully vested, canceled and converted into the right to receive the Merger Consideration, (iii) each performance stock unit award held by the reporting person was vested based on target performance, canceled and converted into the right to receive the Merger Consideration and (iv) each stock option was fully vested, canceled and converted into the right to receive an amount equal to the excess of the Merger Consideration over the applicable exercise price.
F2	Reflects the securities held by a limited liability company for the benefit of Mr. Kilgore's family, for which Mr. Kilgore's spouse serves as manager.

Content

At or immediately prior to the effective time of the transactions contemplated by the Agreement and Plan of Merger, dated November 24, 2024, by and among Summit Materials, Inc., Quikrete Holdings, Inc., and Soar Subsidiary, Inc., (i) each share of Class A common stock of the issuer held by the reporting person was canceled, retired and converted into the right to receive $52.50 in cash (the "Merger Consideration"), (ii) each restricted stock unit held by the reporting person was fully vested, canceled and converted into the right to receive the Merger Consideration, (iii) each performance stock unit award held by the reporting person was vested based on target performance, canceled and converted into the right to receive the Merger Consideration and (iv) each stock option was fully vested, canceled and converted into the right to receive an amount equal to the excess of the Merger Consideration over the applicable exercise price.

Reflects the securities held by a limited liability company for the benefit of Mr. Kilgore's family, for which Mr. Kilgore's spouse serves as manager.

Remarks:

EVP, West Segment Construction Materials