Inclusive Capital Partners, L.P. - Nov 27, 2023 Form 4 Insider Report for UNIFI INC (UFI)

Role
10%+ Owner
Signature
Inclusive Capital Partners, L.P. /s/ Philippe B. Pradel, Chief Compliance Officer
Stock symbol
UFI
Transactions as of
Nov 27, 2023
Transactions value $
-$1,539,113
Form type
4
Date filed
11/29/2023, 05:12 PM
Previous filing
Nov 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UFI Common Stock Sale -$421K -62.4K -3.25% $6.75 1.86M Nov 27, 2023 See footnotes F1, F3, F5
transaction UFI Common Stock Sale -$1.12M -172K -9.24% $6.52 1.69M Nov 28, 2023 See footnotes F2, F3, F5
holding UFI Common Stock 29.1K Nov 27, 2023 See footnotes F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Inclusive Capital Partners, L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 $6.52 to $6.89, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.50 to $6.895, 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.
F3 The securities reported herein are held by Inclusive Capital Partners Spring Master Fund , L.P. ("In-Cap Spring Master Fund") to which Inclusive Capital Partners, L.P., a Delaware limited partnership ("In-Cap" or the "Reporting Person"), acts as investment manager. Mr. Jeffrey W. Ubben indirectly controls In-Cap.
F4 Represents shares of common stock granted by the Issuer pursuant to the Issuer's director compensation policy. The shares of common stock are deemed to be held for the benefit of In-Cap Spring Master Fund and indirectly for the benefit of In-Cap, and may, after vesting, if applicable, transfer the shares of common stock directly to In-Cap Spring Master Fund.
F5 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 its pecuniary interest therein.