Daniel R. Rivera - Oct 30, 2023 Form 4 Insider Report for Driven Brands Holdings Inc. (DRVN)

Role: EVP, Chief Operating Officer
Signature: /s/ Scott O'Melia, Attorney-In-Fact
Stock symbol: DRVN
Transactions as of: Oct 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/1/2023, 05:33 PM
Previous filing: Mar 24, 2023
Next filing: Feb 29, 2024

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
transaction	DRVN	Stock Option (right to buy)	Award	$0	+193K		$0.00	193K	Oct 30, 2023	Common Stock	193K	$22.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents stock options granted in connection with Driven Brands Holdings Inc.'s (the "Company's") initial public offering that were originally eligible to vest based on the achievement of certain returns by Roark Capital and certain of its affiliates after it owned and controlled less than 50% of the equity and voting interests in the Company, that were converted to time-based awards that vest in full on April 30, 2025, subject to the Reporting Person's continuous service through such date.

Content

Represents stock options granted in connection with Driven Brands Holdings Inc.'s (the "Company's") initial public offering that were originally eligible to vest based on the achievement of certain returns by Roark Capital and certain of its affiliates after it owned and controlled less than 50% of the equity and voting interests in the Company, that were converted to time-based awards that vest in full on April 30, 2025, subject to the Reporting Person's continuous service through such date.