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

Signature
/s/ Benedict Nwaeke, attorney-in-fact for Nick Jones
Issuer symbol
SHCO
Transactions as of
20 Sep 2023
Net transactions value
-$12,000,000
Form type
4
Filing time
22 Sep 2023, 17:04:29 UTC
Previous filing
21 Jan 2022
Next filing
18 Aug 2025

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:

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.