Daniel R. Rivera - 03 Nov 2021 Form 4 Insider Report for Driven Brands Holdings Inc. (DRVN)

Signature
/s/ Scott O'Melia, Attorney In Fact
Issuer symbol
DRVN
Transactions as of
03 Nov 2021
Net transactions value
-$1,342,568
Form type
4
Filing time
05 Nov 2021, 18:52:04 UTC
Next filing
22 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRVN Common Stock Sale $452,141 -14,046 -17% $32.19 70,500 03 Nov 2021 Direct F1
transaction DRVN Common Stock Sale $50,013 -1,559 -2.2% $32.08 68,941 04 Nov 2021 Direct F2
transaction DRVN Common Stock Sale $840,415 -26,173 -38% $32.11 42,768 05 Nov 2021 Direct F3
holding DRVN Common Stock 444,139 03 Nov 2021 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $32.01 to $32.48 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The reported price in Column 4 is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $32.00 to $32.19 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The reported price in Column 4 is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $32.00 to $32.32 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Represents (i) 40,445 shares of restricted stock granted to the reporting person that vest in 4 equal installments (rounded to the nearest integer) on the next upcoming 4 anniversaries of January 1, 2020 and (ii) 403,694 shares of restricted stock that will vest upon the achievement by RC Driven Holdco LLC and certain of its affiliates of certain internal rate of return thresholds in respect of their investment in Driven Brand Holdings Inc.'s securities.