Jeffrey W. Ubben - Jan 27, 2022 Form 4 Insider Report for Enviva Inc. (EVA)

Role
Director, Other*, 10%+ Owner
Signature
/s/ Jeffrey W. Ubben
Stock symbol
EVA
Transactions as of
Jan 27, 2022
Transactions value $
$0
Form type
4
Date filed
1/28/2022, 05:13 PM
Previous filing
Jan 4, 2022
Next filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVA Common Stock Options Exercise $0 +2.38K +82.75% $0.00 5.25K Jan 27, 2022 Direct F1, F2
holding EVA Common Stock 5.71M Jan 27, 2022 See footnotes F2, F3

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 EVA Restricted Stock Units Options Exercise $0 -2.38K -100% $0.00* 0 Jan 27, 2022 Common Stock 2.38K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 27, 2022, the restricted stock units reported herein vested in accordance with Mr. Ubben's grant award and were settled through the issuance of an equal number of shares of common stock to Mr. Ubben. Mr. Ubben is deemed to hold the common stock received upon vesting for the benefit of the In-Cap Funds (as defined below) and In-Cap (as defined below).
F2 The filing of this statement shall not be deemed an admission that either Reporting Person (as defined below) is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.
F3 The securities reported herein are held by certain funds (the "In-Cap Funds") to which Inclusive Capital Partners, L.P., a Delaware limited partnership ("In-Cap"), acts as investment manager. Mr. Ubben (together with In-Cap, the "Reporting Persons") indirectly controls In-Cap.

Remarks:

In-Cap may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, by virtue of the fact that Mr. Ubben currently serves on the board of directors of the Issuer.