MAD Private Family Trust Co LLC - Aug 9, 2021 Form 3 Insider Report for Weber Inc. (WEBR)

Role
10%+ Owner
Signature
/s/ Philip Zadeik as Attorney-in-Fact for MAD Private Family Trust Company LLC
Stock symbol
WEBR
Transactions as of
Aug 9, 2021
Transactions value $
$0
Form type
3
Date filed
8/19/2021, 06:13 PM
Next filing
Aug 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WEBR Class A Common Stock 2.63M Aug 9, 2021 Through MAD Family Trusts
holding WEBR Class B Common Stock 14.4M Aug 9, 2021 Through MAD Family Trusts F1, F2

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 WEBR LLC Units of Weber HoldCo LLC Aug 9, 2021 Class A Common Stock 14.4M Through MAD Family Trusts F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of Class B Common Stock of the issuer (the "Class B Common Stock") and common units of Weber HoldCo LLC (the "LLC Units") held indirectly by trusts (the "MAD Family Trusts") for which MAD Private Family Trust Company LLC holds voting and dispositive power. MAD Private Family Trust Company LLC exercises such voting and dispositive power through the action of an investment committee consisting of three members. Each member has one vote, and the approval of a majority of such members is required to approve an action. The reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interests therein.
F2 Each holder of Class B Common Stock and LLC Units may require Weber HoldCo LLC to redeem the LLC Units for newly issued shares of the issuer's Class A common stock on a one-for-one basis (at which time, a corresponding number of shares of Class B Common Stock will also be cancelled on a one-for-one basis) or, at the issuer's election, an equivalent cash payment. The LLC Units do not expire.