Jeffrey W. Ubben - Jun 15, 2023 Form 4 Insider Report for Enviva Inc. (EVA)

Role
Director, 10%+ Owner
Signature
/s/ Jeffrey W. Ubben
Stock symbol
EVA
Transactions as of
Jun 15, 2023
Transactions value $
$0
Form type
4
Date filed
6/20/2023, 04:15 PM
Previous filing
Apr 27, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVA Series A Preferred Stock, par value $0.001 per share Disposed to Issuer -1.86M -100% 0 Jun 15, 2023 See footnotes F1, F2, F3
transaction EVA Common Stock Award +1.86M +32.33% 7.6M Jun 15, 2023 See footnotes F1, F2, F3
holding EVA Common Stock 9.54K Jun 15, 2023 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The conversion of the Series A Preferred Stock ("Preferred Shares") to shares of Common Stock of the Issuer occurred automatically on June 15, 2023 upon stockholder approval of a proposal to issue Common Stock upon conversion of the Preferred Shares for purposes of Rule 312.03 of the New York Stock Exchange Listed Company Manual.
F2 The filing of this statement shall not be deemed an admission that the Reporting Person 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 Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.
F3 The Reporting Person is deemed to hold the shares of Common Stock for the benefit of certain funds (the "In-Cap Funds") managed by Inclusive Capital Partners, L.P. ("In-Cap") and indirectly for the benefit of In-Cap, and may, after vesting, if applicable, transfer the shares of Common Stock directly to the In-Cap Funds.
F4 The securities reported herein are held by the In-Cap Funds to which In-Cap acts as investment manager. The Reporting Person indirectly controls In-Cap.