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Signature
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/s/ Benedict Nwaeke, attorney-in-fact for Nick Jones
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Issuer symbol
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SHCO
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Transactions as of
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20 Sep 2023
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Net transactions value
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-$12,000,000
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Form type
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4
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Filing time
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22 Sep 2023, 17:04:29 UTC
Transactions Table
| Type |
Sym |
Class |
Transaction |
Value $ |
Shares |
Change % |
* Price $ |
Shares After |
Date |
Ownership |
Footnotes |
| transaction |
SHCO |
Class A Common Stock |
Disposed to Issuer |
$12,000,000 |
-2,000,000 |
-61% |
$6.00 |
1,274,556 |
20 Sep 2023 |
Direct |
F1, F2 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
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.