Marc Magliacano - Mar 15, 2023 Form 4 Insider Report for Leslie's, Inc. (LESL)

Role: Former Director
Signature: /s/ Brad A. Gazaway, as Attorney-in-Fact for Marc Magliacano
Stock symbol: LESL
Transactions as of: Mar 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/17/2023, 04:15 PM
Previous filing: Jul 28, 2022
Next filing: Jul 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LESL	Common Stock, par value $0.001 per share	Options Exercise	$0	+6.1K	+63.79%	$0.00	15.7K	Mar 15, 2023	Direct	F1, F2

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	LESL	Restricted Stock Units	Options Exercise	$0	-6.1K	-100%	$0.00^*	0	Mar 15, 2023	Common Stock	6.1K	$0.00	Direct	F1

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

Marc Magliacano is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The reported transaction reflects a vesting of the Issuer's Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's Common Stock. The RSUs vesting date was the earlier of (a) March 16, 2023 or (b) the day prior to the Company's annual meeting of stockholders held in March 2023 (the earlier of (a) and (b) referred to as the "Vesting Date"), subject to Mr. Magliacano's continuous service as a member of the Board until the Vesting Date.
F2	Mr. Magliacano has entered into a Nominee and Indemnity Agreement, pursuant to which he has agreed that all equity awards granted to him for his service as director of the Issuer are held, from the date of grant, for the benefit of Bubbles Investor Aggregator, L.P. ("Bubbles Investor"). Bubbles Investor, together with C8 Management, L.L.C., as the general partner of Bubbles Investor (each of the foregoing, the "L Catterton Entities"), may be deemed to have shared beneficial ownership of the equity awards granted to and held by Mr. Magliacano. Solely for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, the L Catterton Entities may be deemed directors by deputization with respect to the Issuer.

Content

The reported transaction reflects a vesting of the Issuer's Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's Common Stock. The RSUs vesting date was the earlier of (a) March 16, 2023 or (b) the day prior to the Company's annual meeting of stockholders held in March 2023 (the earlier of (a) and (b) referred to as the "Vesting Date"), subject to Mr. Magliacano's continuous service as a member of the Board until the Vesting Date.

Mr. Magliacano has entered into a Nominee and Indemnity Agreement, pursuant to which he has agreed that all equity awards granted to him for his service as director of the Issuer are held, from the date of grant, for the benefit of Bubbles Investor Aggregator, L.P. ("Bubbles Investor"). Bubbles Investor, together with C8 Management, L.L.C., as the general partner of Bubbles Investor (each of the foregoing, the "L Catterton Entities"), may be deemed to have shared beneficial ownership of the equity awards granted to and held by Mr. Magliacano. Solely for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, the L Catterton Entities may be deemed directors by deputization with respect to the Issuer.