A-B Parent LLC - Mar 1, 2022 Form 4 Insider Report for Bowlero Corp. (BOWL)

Signature
A-B Parent LLC /s/ David Caplan Name: David Caplan Title: Vice President
Stock symbol
BOWL
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
4
Date filed
3/3/2022, 06:52 PM
Previous filing
Feb 7, 2022
Next filing
Apr 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOWL Class A Common Stock Award $0 +42K +0.43% $0.00 9.85M Mar 1, 2022 See footnote F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects annual director awards of restricted stock units ("RSUs"), which represent a contingent right to receive one share of Class A Common Stock for each RSU, to Michael Angelakis and Rachael Wagner, each of whom serves as a director of the Issuer. 100% of these RSUs vest on the earlier of (i) the first anniversary of the grant date and (ii) the date of the first regular annual meeting of the Issuer's stockholders following the grant date. Simultaneously with Mr. Angelakis' and Ms. Wagner's receipt of these RSUs, these RSUs were transferred and assigned by Mr. Angelakis and Ms. Wagner to Atairos Management, L.P. ("AMLP"), an affiliate of the reporting person, pursuant to side letter agreements each director previously entered into with AMLP.

Remarks:

This Form 4 is being filed by more than one Reporting Person. Atairos Group, Inc. ("Atairos Inc.") is the sole member of A-B Parent LLC ("A-B Parent"). Atairos Partners, L.P. ("AP"), is the sole voting shareholder of Atairos Inc. Atairos Partners GP, Inc. ("APGP", and together with Atairos Inc., A-B Parent, and AP, the "Atairos Entities") is the general partner of AP. Michael J. Angelakis directly or indirectly controls a majority of the voting power of APGP. Michael J. Angelakis is the Chairman and Chief Executive Officer of Atairos Management, L.P. and Rachael Wagner is a Partner of Atairos Management, L.P. and each serves as a representative of the Atairos Entities on the Board of Directors of the Issuer, and as such, each of the Atairos Entities may be deemed a director by deputization of the Issuer.