John R. Schaller - 11 Mar 2025 Form 4 Insider Report for Core & Main, Inc. (CNM)

Signature
/s/ Mark Whittenburg, as Attorney-in-Fact for John R. Schaller
Issuer symbol
CNM
Transactions as of
11 Mar 2025
Transactions value $
-$512,199
Form type
4
Date filed
13 Mar 2025, 17:12
Previous filing
11 Mar 2025
Next filing
17 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNM Class A Common Stock Tax liability -$45.5K -978 -5.94% $46.55 15.5K 11 Mar 2025 Direct F1
transaction CNM Class A Common Stock Options Exercise $401K +19.3K +124.67% $20.81 34.8K 11 Mar 2025 Direct
transaction CNM Class A Common Stock Sale -$868K -19.3K -55.49% $45.00 15.5K 11 Mar 2025 Direct 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
transaction CNM Options (Rights to Buy) Options Exercise $0 -19.3K -100% $0.00 0 11 Mar 2025 Class A Common Stock 19.3K $20.81 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer for tax withholding purposes upon the vesting of a portion of restricted stock units ("RSUs") granted to the reporting person.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 11, 2024.
F3 The price reported represents multiple sales at the same price of $45.0000.
F4 The options vest in three equal annual installments on March 11, 2023, March 11, 2024 and March 11, 2025, subject to the reporting person's remaining employed with the issuer through each vesting date.