Inclusive Capital Partners, L.P. - Nov 14, 2023 Form 4 Insider Report for Enviva Inc. (EVA)

Signature
Inclusive Capital Partners, L.P. /s/ Philippe B. Pradel, Chief Compliance Officer
Stock symbol
EVA
Transactions as of
Nov 14, 2023
Transactions value $
-$3,349,350
Form type
4
Date filed
11/16/2023, 09:45 PM
Previous filing
Nov 2, 2023
Next filing
Nov 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVA Common Stock Sale -$3.35M -2.25M -29.61% $1.49 5.35M Nov 14, 2023 See footnotes F1, F2, F5
holding EVA Common Stock 21.2K Nov 14, 2023 See footnotes F3, F5
holding EVA Common Stock 18.4K Nov 14, 2023 See footnotes F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.30 to $1.575, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F2 The securities reported herein are held by certain funds (the "In-Cap Funds") managed by Inclusive Capital Partners, L.P., a Delaware limited partnership ("In-Cap" or the "Reporting Person"), to which In-Cap acts as investment manager. Mr. Jeffrey W. Ubben ("Mr. Ubben") indirectly controls In-Cap.
F3 Represents shares of common stock held by Mr. Ubben, which he is deemed to hold for the benefit of the In-Cap Funds 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 Represents shares of common stock held by Ms. Eva Zlotnicka, a Founder and Managing Partner at In-Cap, ("Ms. Zlotnicka"), which she is deemed to hold for the benefit of the In-Cap Funds 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.
F5 The filing of this statement shall not be deemed an admission that either 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. Each Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, if any.

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. Ms. Zlotnicka also serves on the board of directors of the Issuer.