Chad Roberts - 15 Jan 2025 Form 3 Insider Report for Flowco Holdings Inc. (FLOC)

Signature
/s/ Joel Lambert, attorney-in-fact
Issuer symbol
FLOC
Transactions as of
15 Jan 2025
Net transactions value
$0
Form type
3
Filing time
15 Jan 2025, 20:56:54 UTC
Next filing
22 Jan 2025

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding FLOC LLC Interests 15 Jan 2025 Class A Common Stock 918,016 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Common Units of Flowco MergeCo LLC (the "Common Units"). Each Common Unit will be paired with one share of Class B common stock of the Issuer ("Class B Common Stock", and together with the paired Common Unit, the "Paired Interest"). Pursuant to a Second Amended and Restated Limited Liability Company Agreement of Flowco MergeCo LLC (the "Restated LLC Agreement"), which will be entered into pursuant to the Master Reorganization Agreement in connection with the closing of the IPO, (i) all then-existing and outstanding limited liability company interests in Flowco MergeCo LLC will be recapitalized into Common Units and (ii) each Paired Interest will be exchangeable into one share of Class A Common Stock (or at the Issuer's election, cash based on the redemption rate set forth in the Restated LLC Agreement and the value of the Class A Common Stock at the time of the exchange), subject to the terms of the Restated LLC Agreement. [continues in footnote 2]
F2 [continued from footnote 1] Upon an exchange of the Paired Interests for Class A Common Stock, the corresponding number of shares of Class B Common Stock, which entitle its holder to one vote per share on all matters presented to the Issuer's stockholders, generally will be cancelled.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney