Key facts
- This page summarizes Driven Equity LLC's Form 4 filing for Driven Brands Holdings Inc. (DRVN).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 10 Sep 2021, 18:06.
Driven Equity LLC - 08 Sep 2021 Form 4 Insider Report for Driven Brands Holdings Inc. (DRVN)
- Reporting relationship
- Other*, 10%+ Owner
- Issuer ticker
- DRVN
- Reported as of
- 08 Sep 2021
- Net transaction value
- -$17,616,840
- SEC form
- 4
- Accepted by SEC
- 10 Sep 2021, 18:06:18 UTC
- Prior SEC filing
- 11 Aug 2021
- Next SEC filing
- 03 Jan 2022
- Source filing
- View source filing
- Reporting owner signature
- See signatures attached as Exhibit 99.1
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Driven Equity LLC filed Form 4 for Driven Brands Holdings Inc. (DRVN) on 10 Sep 2021.
Change
- Previous filing in this sequence was filed on 11 Aug 2021.
- Current net transaction value: -$17,616,840.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
DRVN
transaction
Common Stock, par value $0.01 per share
Sale
- Transaction value
- $17,616,840
- Shares
- -597,181
- Change %
- -0.81%
- Price
- $29.50
- Shares after
- 73,575,368
- Date
- 08 Sep 2021
- Ownership
- See footnote
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Consists of shares held directly by Driven Equity LLC. Driven Equity LLC is controlled by RC Driven Holdco LLC. RC Driven Holdco LLC is controlled by Roark Capital Partners III LP, which is in turn controlled by its general partner, Roark Capital GenPar III LLC. Roark Capital GenPar III LLC is controlled by its managing member, Neal K. Aronson. (Continued in FN2)
Footnote F2
(Continued from FN1) Each of RC Driven Holdco LLC, Roark Capital Partners III LP, Roark Capital GenPar III LLC and Mr. Aronson may be deemed to have voting and dispositive power with respect to the common stock directly owned by Driven Equity LLC and therefore be deemed to be the beneficial owner of the common stock held by Driven Equity LLC, but each disclaims beneficial ownership of such common stock except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that any such entity or person is the beneficial owner of or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Footnote F3
These shares were sold by Driven Equity LLC pursuant to the underwriters' exercise in part of the option granted to the underwriters in connection with the recently closed public offering of common stock by Driven Equity LLC and RC IV Cayman ICW Holdings LLC.
SEC remarks
The reporting persons are members of a 10% group with (i) Neal K Aronson and (ii) RC IV Cayman ICW Holdings LLC, RC IV Cayman Equity ICW LLC, Roark Capital Partners IV Cayman AIV LP, Roark Capital GenPar IV Cayman AIV LP and Roark Capital GenPar IV Cayman AIV Ltd (the "RC IV Entities"). None of the shares of common stock held by Mr. Aronson and the RC IV Entities are reflected in this report.