Solace Capital Partners, L.P. - Oct 21, 2021 Form 4 Insider Report for Select Interior Concepts, Inc. (SIC)

Signature
Solace Capital Partners, L.P., By: Xavier Corzo, Principal, Chief Financial Officer & Chief Compliance Officer
Stock symbol
SIC
Transactions as of
Oct 21, 2021
Transactions value $
-$59,820,490
Form type
4
Date filed
10/22/2021, 05:10 PM
Previous filing
Jun 11, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SIC Class A Common Stock Disposed to Issuer -$59.6M -4.11M -100% $14.50 0 Oct 21, 2021 See Footnotes F1, F3
transaction SIC Class A Common Stock Disposed to Issuer -$233K -16.1K -100% $14.50 0 Oct 21, 2021 See Footnotes F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Solace 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 Solace Capital Partners, L.P. ("Solace Capital") is the investment manager of, and Solace General Partner, LLC ("Solace GP") is the general partner of, Solace Capital Special Situations Fund, L.P. ("Solace Special Situations"), which is the 100% owner of Gateway Securities Holdings, LLC, which directly holds these shares of the Issuer's Class A Common Stock ("Common Stock").
F2 Brett Wyard, a managing partner of each of the general partner of Solace Capital and of Solace GP, serves on the board of directors of the Issuer (the "Board") as a representative of Solace Capital. The terms of the limited partnership agreement of Solace Special Situations require that all payments in respect of Mr. Wyard's service as a director on the Board be paid to Solace Capital and further credited to Solace Special Situations. As such, Mr. Wyard does not have any right to the compensation received in connection with his service on the Board, and he therefore does not have any pecuniary interest in the Common Stock reported herein.
F3 Each of Solace Capital and Solace GP disclaims beneficial ownership of the shares of Common Stock reported herein, except to the extent of its pecuniary interest, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks:

Brett Wyard, a managing partner of each of the general partner of Solace Capital and of Solace GP, serves on the Board as a representative of Solace Capital. By virtue of his representation on the Board, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons are deemed to be directors of the Issuer by deputization.