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

Role
Director
Signature
/s/ Scott Sannes, as Attorney-in-Fact for Roger Fradin
Stock symbol
JBI
Transactions as of
Nov 12, 2021
Transactions value $
$0
Form type
4
Date filed
11/16/2021, 03:58 PM
Previous filing
Nov 3, 2021
Next filing
Nov 18, 2021

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 +820K +35.66% $0.00 3.12M Nov 12, 2021 By: The Fradin Community Property Revocable Trust F1, F2
transaction JBI Common Stock Tax liability $0 -574K -18.4% $0.00 2.55M Nov 12, 2021 By: The Fradin Community Property Revocable Trust F1
transaction JBI Common Stock Options Exercise $0 +205K +35.66% $0.00 780K Nov 12, 2021 By Juniper GRAT Trust F1, F3
transaction JBI Common Stock Tax liability $0 -144K -18.4% $0.00 636K Nov 12, 2021 By Juniper GRAT Trust F1

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 -820K -100% $0.00* 0 Nov 12, 2021 Common Stock 820K $11.50 By: The Fradin Community Property Revocable Trust
transaction JBI Warrants Options Exercise $0 -205K -100% $0.00* 0 Nov 12, 2021 Common Stock 205K $11.50 By Juniper GRAT Trust
* 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 on the applicable transaction dates 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 the Fradin Community Property Revocable Trust. Prior to giving effect to the transaction, the Reporting Person transferred all shares of Common Stock and Warrants previously reported as held directly to The Fradin Community Property Revocable Trust, of which the Reporting Person is a trustee and beneficiary.
F3 The Warrants were, and underlying shares of Common Stock received upon exercise of the Warrants are, held directly by The Juniper GRAT Trust.