| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | ROAD | Class A Common Stock | 37.3K | Nov 11, 2021 | By SunTx Fulcrum Fund Prime, L.P. | F1, F2, F3, F4 | |||||
| holding | ROAD | Class A Common Stock | 429K | Nov 11, 2021 | By SunTx Capital Partners II, LP | F2, F3, F4, F5 | |||||
| holding | ROAD | Class A Common Stock | 234K | Nov 11, 2021 | By SunTx Capital Partners II Dutch Investors, LP | F2, F3, F4, F6 | |||||
| holding | ROAD | Class A Common Stock | 115K | Nov 11, 2021 | Direct | F7, F8 | |||||
| holding | ROAD | Class A Common Stock | 4K | Nov 11, 2021 | By spouse of Ned N. Fleming, III | ||||||
| holding | ROAD | Class A Common Stock | 38.2K | Nov 11, 2021 | Direct | F9, F10 | |||||
| holding | ROAD | Class A Common Stock | 39.2K | Nov 11, 2021 | Direct | F11, F12 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ROAD | Class B Common Stock | Other | $0 | -1.45M | -47.01% | $0.00 | 1.63M | Nov 11, 2021 | Class A Common Stock | 1.45M | By SunTx Fulcrum Fund Prime, L.P. | F1, F2, F3, F4, F13, F14 | |
| transaction | ROAD | Class B Common Stock | Other | $0 | -859K | -59.55% | $0.00 | 583K | Nov 11, 2021 | Class A Common Stock | 859K | By SunTx Fulcrum Dutch Investors Prime, L.P. | F2, F3, F4, F13, F15, F18 | |
| transaction | ROAD | Class B Common Stock | Other | $0 | -4.86M | -100% | $0.00* | 0 | Nov 11, 2021 | Class A Common Stock | 4.86M | By SunTx CPI Expansion Fund, L.P | F2, F3, F4, F13, F16, F19 | |
| transaction | ROAD | Class B Common Stock | Other | $0 | +2.16K | +403.74% | $0.00 | 2.7K | Nov 11, 2021 | Class A Common Stock | 2.16K | Direct | F13, F14 | |
| transaction | ROAD | Class B Common Stock | Other | $0 | +1.2M | +68.43% | $0.00 | 2.94M | Nov 11, 2021 | Class A Common Stock | 1.2M | By SunTx Capital Partners, L.P. | F2, F3, F4, F13, F17, F20 | |
| transaction | ROAD | Class B Common Stock | Other | $0 | +1.1M | +78.27% | $0.00 | 2.5M | Nov 11, 2021 | Class A Common Stock | 1.1M | By SunTx Capital Partners II, LP | F2, F3, F4, F5, F13, F16 | |
| transaction | ROAD | Class B Common Stock | Other | $0 | +556K | +82.7% | $0.00 | 1.23M | Nov 11, 2021 | Class A Common Stock | 556K | By SunTx Capital Partners II Dutch Investors, LP | F2, F3, F4, F6, F13, F16 | |
| transaction | ROAD | Class B Common Stock | Other | $0 | +266K | +67.14% | $0.00 | 663K | Nov 11, 2021 | Class A Common Stock | 663K | By SunTx CPI Expansion Fund GP, LP | F2, F3, F4, F13, F16, F21 |
| Id | Content |
|---|---|
| F1 | These securities of Construction Partners, Inc. (the "Issuer") are directly held by SunTx Fulcrum Fund Prime, L.P. ("SunTx Fulcrum Fund"). |
| F2 | The general partner of each of SunTx Fulcrum Fund and SunTx Fulcrum Dutch Investors Prime, L.P. ("SunTx Fulcrum Dutch Fund") is SunTx Capital Partners, L.P. ("SunTx Partners GP"). The general partner of SunTx CPI Expansion Fund, L.P. ("SunTx Expansion Fund") is SunTx CPI Expansion Fund GP, L.P. ("SunTx Expansion GP"). The general partner of each of SunTx Expansion GP and SunTx Partners GP is SunTx Capital Management Corp. ("SunTx Capital Management"). The general partner of each of SunTx Capital Partners II, LP ("SunTx Partners II") and SunTx Capital Partners II Dutch Investors, LP ("SunTx Partners Dutch LP" and together with SunTx Expansion Fund, SunTx Fulcrum Fund, SunTx Fulcrum Dutch Fund and SunTx Partners II, the "SunTx Funds") is SunTx Capital Partners II GP, LP ("SunTx Partners II GP"). The general partner of SunTx Partners II GP is SunTx Capital II Management Corp. ("SunTx Capital II Management"). |
| F3 | (continued from footnote 2) Ned N. Fleming, III, a director of the Issuer, is the sole shareholder and director of SunTx Capital Management. Craig Jennings and Mark R. Matteson, each a director of the Issuer, are each executive officers of SunTx Capital Management. Mr. Fleming is also the majority shareholder and sole director of SunTx Capital II Management. Mr. Jennings and Mr. Matteson are also shareholders of SunTx Capital II Management. Each of SunTx Expansion GP, SunTx Partners GP, SunTx Capital Management, SunTx Partners II GP, SunTx Capital II Management, Mr. Fleming, Mr. Jennings and Mr. Matteson may be deemed to beneficially own securities of the Issuer held by certain of the SunTx Funds. |
| F4 | (continued from footnote 3) Each such entity and person disclaims beneficial ownership of such securities except to the extent of its or his pecuniary interest therein and this report shall not be deemed an admission that any such entity or person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. |
| F5 | These securities of the Issuer are directly held by SunTx Partners II. |
| F6 | These securities of the Issuer are directly held by SunTx Partners Dutch LP. |
| F7 | Includes 38,192 restricted shares of Class A Common Stock of the Issuer granted to Ned N. Fleming, III under the Construction Partners, Inc. 2018 Equity Incentive Plan that will vest on January 1, 2022. |
| F8 | Securities held directly by Ned N. Fleming, III. |
| F9 | Includes 12,731 restricted shares of Class A Common Stock of the Issuer granted to Craig Jennings under the Construction Partners, Inc. 2018 Equity Incentive Plan that will vest on January 1, 2022. |
| F10 | Securities held directly by Craig Jennings. |
| F11 | Includes 12,731 restricted shares of Class A Common Stock of the Issuer granted to Mark R. Matteson under the Construction Partners, Inc. 2018 Equity Incentive that will vest on January 1, 2022. |
| F12 | Securities held directly by Mark R. Matteson. |
| F13 | Each share of Class B common stock, par value $0.001 per share ("Class B common stock"), of the Issuer is convertible into one share of Class A common stock, par value $0.001 per share ("Class A common stock") of the Issuer (i) at any time at the option of the holder or (ii) upon any transfer, except for certain transfers described in the Issuer's amended and restated certificate of incorporation. In addition, upon the election of the holders of a majority of the then-outstanding shares of Class B common stock, all outstanding shares of Class B common stock will be converted into shares of Class A common stock. The holders of Class A common stock and Class B common stock vote as a single class on all matters submitted to a vote of stockholders. The holders of Class A common stock are entitled to one vote per share, and the holders of the Class B common stock are entitled to 10 votes per share. The shares of Class B common stock do not expire. |
| F14 | SunTx Fulcrum Fund distributed these shares for no consideration. |
| F15 | SunTx Fulcrum Dutch Fund distributed these shares for no consideration. |
| F16 | SunTx Expansion Fund distributed these shares for no consideration. |
| F17 | SunTx Fulcrum Fund distributed 810,230 of these shares, and SunTx Fulcrum Dutch Fund distributed 385,296 of these shares, and in each case for no consideration. |
| F18 | These securities of the Issuer are directly held by SunTx Fulcrum Dutch Fund. |
| F19 | These securities of the Issuer are directly held by SunTx Expansion Fund. |
| F20 | These securities of the Issuer are directly held by SunTx Partners GP. |
| F21 | These securities of the Issuer are directly held by SunTx Expansion GP. |