Nick Jones - Sep 20, 2023 Form 4 Insider Report for Soho House & Co Inc. (SHCO)

Signature
/s/ Benedict Nwaeke, attorney-in-fact for Nick Jones
Stock symbol
SHCO
Transactions as of
Sep 20, 2023
Transactions value $
-$12,000,000
Form type
4
Date filed
9/22/2023, 05:04 PM
Previous filing
Jan 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHCO Class A Common Stock Disposed to Issuer -$12M -2M -61.08% $6.00 1.27M Sep 20, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of Class A common stock were repurchased directly by the Issuer in a private transaction approved in advance by the Board of Directors.
F2 In addition to the remaining shares of Class A common stock, Nick Jones is the holder of 8,767,615 shares of Class B common stock.

Remarks:

Each of Nick Jones, Richard Caring, Ron Burkle and The Yucaipa Companies, LLC (and, in each case, certain affiliates and family members) have agreed to vote together as a group with respect to certain matters (the "Voting Group") pursuant to the provisions of a Stockholders' Agreement between each member of the Voting Group and the Issuer, so long as the Voting Group owns a requisite percentage of the Issuer's total outstanding common stock. The Voting Group holds all of the Issuer's issued and outstanding Class B common stock and, as a result, when voting together as a group, controls over 90% of the combined voting power of the Issuer and is able to control any action requiring Issuer shareholder approval.