| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | ROAD | Class A Common Stock | 115K | Dec 9, 2021 | Direct | F1, F2, F3, F4 | |||||
| holding | ROAD | Class A Common Stock | 4K | Dec 9, 2021 | By spouse of Ned N. Fleming, III | ||||||
| holding | ROAD | Class A Common Stock | 38.2K | Dec 9, 2021 | Direct | F5, F6 | |||||
| holding | ROAD | Class A Common Stock | 39.2K | Dec 9, 2021 | Direct | F7, F8 | |||||
| holding | ROAD | Class A Common Stock | 37.3K | Dec 9, 2021 | By SunTx Fulcrum Fund Prime, L.P. | F9, F10, F11 | |||||
| holding | ROAD | Class A Common Stock | 429K | Dec 9, 2021 | By SunTx Capital Partners II, L.P. | F9, F10, F12 | |||||
| holding | ROAD | Class A Common Stock | 234K | Dec 9, 2021 | By SunTx Capital Partners II Dutch Investors, L.P. | F9, F10, F13 |
| 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 | -663K | -100% | $0.00* | 0 | Dec 9, 2021 | Class A Common Stock | 663K | By SunTx CPI Expansion Fund GP, L.P. | F9, F10, F14, F15, F16 | |
| transaction | ROAD | Class B Common Stock | Other | $0 | -543K | -18.44% | $0.00 | 2.4M | Dec 9, 2021 | Class A Common Stock | 543K | By SunTx Capital Partners, L.P. | F9, F10, F14, F17, F18 | |
| transaction | ROAD | Class B Common Stock | Other | $0 | +438K | $0.00 | 438K | Dec 9, 2021 | Class A Common Stock | 438K | By Malachi Holdings Limited Partnership | F14, F19, F20 | ||
| transaction | ROAD | Class B Common Stock | Other | $0 | +272 | $0.00 | 272 | Dec 9, 2021 | Class A Common Stock | 272 | By Boyle Fleming & Co. Inc. | F14, F17, F21 | ||
| transaction | ROAD | Class B Common Stock | Other | $0 | +92.1K | $0.00 | 92.1K | Dec 9, 2021 | Class A Common Stock | 92.1K | By CJCT Associates Limited Partnership | F14, F22, F23 | ||
| transaction | ROAD | Class B Common Stock | Other | $0 | +146K | $0.00 | 146K | Dec 9, 2021 | Class A Common Stock | 146K | By AMDG Associates Limited Partnership | F14, F24, F25 | ||
| transaction | ROAD | Class B Common Stock | Other | $0 | +154K | +9.45% | $0.00 | 1.79M | Dec 9, 2021 | Class A Common Stock | 154K | By SunTx Fulcrum Fund Prime, L.P. | F9, F10, F11, F14, F17 | |
| transaction | ROAD | Class B Common Stock | Other | $0 | +94.4K | +16.19% | $0.00 | 678K | Dec 9, 2021 | Class A Common Stock | 94.4K | By SunTx Fulcrum Dutch Investors Prime, L.P. | F9, F10, F14, F17, F26 | |
| transaction | ROAD | Class B Common Stock | Other | $0 | +674 | $0.00 | 674 | Dec 9, 2021 | Class A Common Stock | 674 | By SunTx Capital II Management Corp. | F9, F10, F14, F17, F27 | ||
| holding | ROAD | Class B Common Stock | 2.7K | Dec 9, 2021 | Class A Common Stock | 2.7K | By SunTx Capital Management Corp. | F9, F10, F14, F28 | ||||||
| holding | ROAD | Class B Common Stock | 2.5M | Dec 9, 2021 | Class A Common Stock | 2.5M | By SunTx Capital Partners II, L.P. | F9, F10, F12, F14 | ||||||
| holding | ROAD | Class B Common Stock | 1.23M | Dec 9, 2021 | Class A Common Stock | 1.23M | By SunTx Capital Partners II Dutch Investors, L.P. | F9, F10, F13, F14 |
| Id | Content |
|---|---|
| F1 | This Form 4 is filed jointly by Ned N. Flemming, III, Craig Jennings, Mark R. Matteson, SunTx Fulcrum Fund Prime, L.P., SunTx CPI Expansion Fund GP, L.P., SunTx Capital Partners, L.P., SunTx Fulcrum Dutch Investors Prime, L.P., SunTx Capital Management Corp., SunTx Capital Partners II, L.P., SunTx Capital Partners II Dutch Investors, L.P., and SunTx Capital II Management Corp. (collectively, the "Reporting Persons"). |
| F2 | To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transactions. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. |
| F3 | Includes 38,192 restricted shares of Class A Common Stock of Construction Partners, Inc. (the "Issuer") granted to Ned N. Fleming, III under the Construction Partners, Inc. 2018 Equity Incentive Plan that will vest on January 1, 2022. |
| F4 | Securities held directly by Ned N. Fleming, III. |
| F5 | 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. |
| F6 | Securities held directly by Craig Jennings. |
| F7 | 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. |
| F8 | Securities held directly by Mark R. Matteson. |
| F9 | The general partner of each of SunTx Fulcrum Fund Prime, L.P. ("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, L.P. ("SunTx Partners II") and SunTx Capital Partners II Dutch Investors, L.P. ("SunTx Partners Dutch LP" and together with SunTx Fulcrum Fund, SunTx Fulcrum Dutch Fund, SunTx Expansion Fund, and SunTx Partners II, the "SunTx Funds") is SunTx Capital Partners II GP, L.P. ("SunTx Partners II GP"). The general partner of SunTx Partners II GP is SunTx Capital II Management Corp. |
| F10 | (Continued from Footnote 9) ("SunTx Capital II Management," and together with SunTx Expansion GP, SunTx Partners GP, SunTx Capital Management, and SunTx Partners II GP, the "SunTx Group"). Ned N. Fleming, III, a director of the Issuer, is the sole shareholder and director of SunTx Capital Management. Mr. Fleming may be deemed to beneficially own securities of the Issuer held by certain entities in the SunTx Group, and each of SunTx Expansion GP, SunTx Partners GP, SunTx Capital Management, SunTx Partners II GP, and SunTx Capital II Management may be deemed to beneficially own securities of the Issuer held by certain entities of the SunTx Funds. 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 Exchange Act, or for any other purpose. |
| F11 | These securities of the Issuer are directly held by SunTx Fulcrum Fund. |
| F12 | These securities of the Issuer are directly held by SunTx Partners II. |
| F13 | These securities of the Issuer are directly held by SunTx Partners Dutch LP. |
| F14 | 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. |
| F15 | SunTx Expansion GP distributed these shares for no consideration. |
| F16 | These securities of the Issuer are directly held by SunTx Expansion GP. |
| F17 | SunTx Partners GP distributed these shares for no consideration. |
| F18 | These securities of the Issuer are directly held by SunTx Partners GP. |
| F19 | SunTx Expansion GP distributed 429,452 of these shares, and SunTx Partners GP distributed 8,895 of these shares, and in each case for no consideration. |
| F20 | These securities of the Issuer are directly held by Malachi Holdings Limited Partnership, a limited partnership controlled by Ned N. Fleming, III. Mr. Fleming may be deemed to beneficially own securities of the Issuer held by such limited partnership. Mr. Fleming disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Fleming is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose. |
| F21 | These securities of the Issuer are directly held by Boyle Fleming & Co. Inc., a corporation controlled by Ned N. Fleming, III. Mr. Fleming may be deemed to beneficially own securities of the Issuer held by such corporation. Mr. Fleming disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Fleming is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose. |
| F22 | SunTx Expansion GP distributed 90,318 of these shares, and SunTx Partners GP distributed 1,781 of these shares, and in each case for no consideration. |
| F23 | These securities of the Issuer are directly held by CJCT Associates Limited Partnership, a limited partnership controlled by Craig Jennings. Mr. Jennings may be deemed to beneficially own securities of the Issuer held by such limited partnership. Mr. Jennings disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Jennings is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act of 1934, as amended, or for any other purpose. |
| F24 | SunTx Expansion GP distributed 142,986 of these shares, and SunTx Partners GP distributed 2,806 of these shares, and in each case for no consideration. |
| F25 | These securities of the Issuer are directly held by AMDG Associates Limited Partnership, a limited partnership controlled by Mark R. Matteson. Mr. Matteson may be deemed to beneficially own securities of the Issuer held by such limited partnership. Mr. Matteson disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Matteson is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act of 1934, as amended, or for any other purpose. |
| F26 | These securities of the Issuer are directly held by SunTx Fulcrum Dutch Fund. |
| F27 | These securities of the Issuer are directly held by SunTx Capital II Management. |
| F28 | These securities of the Issuer are directly held by SunTx Capital Management. |
Each of Ned N. Fleming, III, Craig Jennings and Mark R. Matteson serves on the Board of Directors of the Issuer. For purposes of Section 16 of the Exchange Act, the Reporting Persons other than Mr. Fleming, Mr. Jennings and Mr. Matteson are deemed directors by deputization by virtue of their representation on the Board of Directors of the Issuer.