A-B Parent LLC - Dec 12, 2023 Form 4 Insider Report for Bowlero Corp. (BOWL)

Role
Director, 10%+ Owner
Signature
A-B Parent LLC /s/ David Caplan Name: David Caplan Title: Vice President
Stock symbol
BOWL
Transactions as of
Dec 12, 2023
Transactions value $
$0
Form type
4
Date filed
12/14/2023, 07:52 PM
Previous filing
Jul 25, 2023
Next filing
Dec 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOWL Class A Common Stock Award $0 +18.5K +31.58% $0.00 77K Dec 12, 2023 See footnote F1
holding BOWL Class A Common Stock 63.5M Dec 12, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects restricted stock units ("RSUs") acquired from award of Issuer's restricted stock units for non-employee directors pursuant to the Issuer's director compensation policy. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock and will vest on the earlier of (i) December 12, 2024 and (ii) the Issuer's first regular annual meeting following December 12, 2023. 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.