Blackstone Holdings II L.P. - Nov 22, 2021 Form 4 Insider Report for Custom Truck One Source, Inc. (CTOS)

Role: 10%+ Owner
Signature: BLACKSTONE HOLDINGS II L.P., By: Blackstone Holdings I/II GP L.L.C., its general partner, By: /s/ Tabea Hsi, Name: Tabea Hsi, Title: Senior Managing Director
Stock symbol: CTOS
Transactions as of: Nov 22, 2021
Transactions value $: -$101,079,202
Form type: 4
Date filed: 11/22/2021, 07:52 PM
Previous filing: Nov 18, 2021
Next filing: Feb 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CTOS	Common Stock	Sale	-$20.9M	-2.55M	-86.96%	$8.20	382K	Nov 22, 2021	See Footnotes	F1, F2, F9, F10, F11, F12, F13
transaction	CTOS	Common Stock	Sale	-$25.8M	-3.15M	-86.96%	$8.20	472K	Nov 22, 2021	See Footnotes	F1, F3, F9, F10, F11, F12, F13
transaction	CTOS	Common Stock	Sale	-$2.51M	-306K	-86.96%	$8.20	45.9K	Nov 22, 2021	See Footnotes	F1, F4, F9, F10, F11, F12, F13
transaction	CTOS	Common Stock	Sale	-$1.28M	-156K	-86.96%	$8.20	23.5K	Nov 22, 2021	See Footnotes	F1, F5, F9, F10, F11, F12, F13
transaction	CTOS	Common Stock	Sale	-$24.9M	-3.04M	-86.96%	$8.20	455K	Nov 22, 2021	See Footnotes	F1, F6, F9, F10, F11, F12, F13
transaction	CTOS	Common Stock	Sale	-$25.5M	-3.11M	-86.96%	$8.20	466K	Nov 22, 2021	See Footnotes	F1, F7, F9, F10, F11, F12, F13
transaction	CTOS	Common Stock	Sale	-$124K	-15.1K	-86.96%	$8.20	2.26K	Nov 22, 2021	See Footnotes	F1, F8, F9, F10, F11, F12, F13

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This amount represents the $8.5000 public offering price per share of common stock, par value $0.0001 per share ("Common Stock"), of Custom Truck One Source, Inc. (the "Issuer"), less the underwriting discount of $0.02975 per share. The Underwriters have not yet exercised their Over-allotment Option to purchase additional shares of Common Stock.
F2	Reflects shares of Common Stock directly held by Blackstone Energy Partners NQ L.P. ("BEP NQ").
F3	Reflects shares of Common Stock directly held by BEP CTOS Holdings L.P. ("BEP CTOS").
F4	Reflects shares of Common Stock directly held by Blackstone Energy Family Investment Partnership SMD L.P. ("BE SMD").
F5	Reflects shares of Common Stock directly held by Blackstone Energy Family Investment Partnership NQ ESC L.P. ("BE NQ").
F6	Reflects shares of Common Stock directly held by Blackstone Capital Partners VI-NQ L.P. ("BCP VI-NQ").
F7	Reflects shares of Common Stock directly held by BCP CTOS Holdings L.P. ("BCP CTOS").
F8	Reflects shares of Common Stock directly held by Blackstone Family Investment Partnership VI-NQ ESC L.P. ("BE FIP").
F9	Blackstone Energy Management Associates NQ L.L.C. ("BEMA") is the general partner of BEP NQ and BEP CTOS. Blackstone EMA-NQ L.L.C. ("BEMA NQ") is the managing member of BEMA. BEP Side-by-Side GP NQ L.L.C. ("BEP GP") is the general partner of BE NQ. Blackstone Management Associates VI-NQ L.L.C. ("BMA NQ") is the general partner of BCP VI-NQ and BCP CTOS. BMA VI-NQ L.L.C. ("BMA VI-NQ") is the managing member of BMA NQ. Blackstone Family GP L.L.C. ("BS GP") is the general partner of BE SMD. BS GP is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman. BCP VI-NQ Side-by-Side GP L.L.C. ("BCP GP") is the general partner of BE FIP.
F10	Blackstone Holdings III L.P. ("Holdings III") is the sole member of each of BEMA NQ, BEP GP and BMA VI-NQ. The general partner of Holdings III is Blackstone Holdings III GP L.P. ("Holdings III GP"). The general partner of Holdings III GP is Blackstone Holdings III GP Management L.L.C ("Holdings III GP Management"). Blackstone Holdings II L.P. ("Holdings II") is the sole member of BCP GP. Blackstone Holdings I/II GP L.L.C. ("Holdings I/II GP") is the general partner of Holdings II. Blackstone Inc. ("Blackstone") is the sole member of Holdings III GP Management and Holdings I/II GP. The sole holder of the Series II preferred stock of Blackstone is Blackstone Group Management L.L.C. ("BS Group Management"). BS Group Management is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.
F11	Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.
F12	Due to the limitations of the electronic filing system certain Reporting Persons are filing a separate Form 4.
F13	Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 (the "Exchange Act"), each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the securities reported herein for purposes of Section 16 of the Exchange Act or for any other purpose or that the Reporting Persons are subject to Section 16 of the Exchange Act.

Remarks:

Form 2 of 3