Brian Cook - Nov 12, 2021 Form 4 Insider Report for Janus International Group, Inc. (JBI)

Role
Director
Signature
/s/ Scott Sannes, as Attorney-in-Fact for Brian Scott Cook
Stock symbol
JBI
Transactions as of
Nov 12, 2021
Transactions value $
$0
Form type
4
Date filed
11/16/2021, 03:51 PM
Previous filing
Jun 9, 2021
Next filing
Jan 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JBI Common Stock, par value $0.0001 per share ("Common Stock") Options Exercise $0 +500K +238.26% $0.00 710K Nov 12, 2021 By: Northvale Capital Partners, LLC F1, F2
transaction JBI Common Stock Tax liability $0 -350K -49.31% $0.00 360K Nov 12, 2021 By: Northvale Capital Partners, LLC F1
holding JBI Common Stock 2.17M Nov 12, 2021 Direct F3
holding JBI Common Stock 543K Nov 12, 2021 By: Brian S. Cook 2019 Nevada Trust F4

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 JBI Warrants Options Exercise $0 -500K -100% $0.00* 0 Nov 12, 2021 Common Stock 500K $11.50 By: Northvale Capital Partners, LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 13, 2021, Janus International Group, Inc. ("Janus") delivered a notice of redemption to holders of all outstanding warrants (the "Warrants") to purchase shares of Common Stock, par value $0.0001 per share (the "Common Stock"). Pursuant to the terms of the outstanding warrant agreements applicable to the Warrants, the Reporting Person elected to exercise all Warrants on a cashless basis.
F2 The Warrants were, and underlying shares of Common Stock received upon exercise of the Warrants are, held directly by Northvale Capital Partners, LLC ("Northvale"). Prior to giving effect to the transaction, the reported securities included 209,852 shares of Common Stock and 500,000 Warrants previously reported as held indirectly by the Reporting Person through Juniper Industrial Sponsor, LLC (the "Sponsor"). Northvale received such securities through Sponsor's pro rata distribution of all its holdings to its members, including Northvale, for no consideration (the "Distribution").
F3 Shares of Common Stock held directly Reporting Person, who received the reported securities for no consideration as part of the Distribution.
F4 Shares of Common Stock held directly by the Brian S. Cook 2019 Nevada Trust, which received the reported securities for no consideration as part of the Distribution.