Lauren Taylor Wolfe - Feb 29, 2024 Form 4/A Insider Report for ENVESTNET, INC. (ENV)

Role
Director
Signature
/s/ Lauren Taylor Wolfe
Stock symbol
ENV
Transactions as of
Feb 29, 2024
Transactions value $
$0
Form type
4/A
Date filed
3/15/2024, 12:13 PM
Date Of Original Report
Mar 8, 2024
Previous filing
Apr 20, 2023
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction ENV Common Stock +Grant/Award $0 +3,472 +0.08% $0.00 4,156,039 Feb 29, 2024 See Footnote F1, F2, F3, F4, F5, F6
holding ENV Common Stock 4,187,201 Feb 29, 2024 See Footnote F1, F2, F3, F4, F6

Explanation of Responses:

Id Content
F1 This Form 4 is filed jointly by Impactive Capital LP ("Impactive Capital"), Impactive Capital LLC ("Impactive GP"), Christian Asmar and Lauren Taylor Wolfe (collectively, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of her, his or its pecuniary interest therein.
F2 The securities of Envestnet, Inc. (the "Issuer") reported herein are held directly by certain funds and/or accounts (the "Impactive Funds"). Pursuant to an Investment Management Agreement, the Impactive Funds have delegated all voting and investment power over the securities directly held by the Impactive Funds and their general partners to Impactive Capital, which serves as the investment manager of the Impactive Funds. Impactive GP, as the general partner of Impactive Capital, and each of Mr. Asmar and Ms. Taylor Wolfe, as Managing Members of Impactive GP, may be deemed to exercise voting and investment power over such securities. The Impactive Funds specifically disclaim beneficial ownership of such securities by virtue of their inability to vote or dispose of such securities as a result of such delegation to Impactive Capital.
F3 Because Ms. Taylor Wolfe serves on the board of directors (the "Board") as a representative of Impactive Capital and its affiliates, Impactive Capital is entitled to receive the direct economic interest in securities granted to Ms. Taylor Wolfe by the Issuer in respect of Ms. Taylor Wolfe's Board position. Ms. Taylor Wolfe disclaims beneficial ownership of the Issuer's securities to which this report relates and at no time has Ms. Taylor Wolfe had any economic interest in such securities except any indirect economic interest through Impactive Capital and its affiliates.
F4 This amendment is being filed to report the grant of restricted stock units ("RSUs") to Ms. Taylor Wolfe on February 29, 2024 and correct the amount of securities beneficially owned by the Reporting Persons reported in the Form 4 filed by the Reporting Persons on March 8, 2024. As of the date of this amendment, the Reporting Persons beneficially own 4,187,201 shares of common stock.
F5 Represents RSUs that vest on the first anniversary of the date of the grant. These RSUs convert into common stock on a one-for-one basis.
F6 Includes the 3,472 shares underlying RSUs reported in this filing, as further described in footnote 5 and 1,534 shares underlying RSUs, one quarter of which vested on the grant date of April 18, 2023, with an additional one quarter vesting thereafter on each anniversary of such grant date for 3 years. The RSUs convert into common stock on a one-for-one basis.

Remarks:

Lauren Taylor Wolfe, Managing Member of Impactive Capital LLC, the general partner of Impactive Capital LP, is a director of the Issuer. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons are deemed directors by deputization by virtue of their representation on the Board of Directors of the Issuer.