Downing Steven R - Jan 5, 2024 Form 4 Insider Report for VOXX International Corp (VOXX)

Role: Director
Signature: /s/ Steven R. Downing
Stock symbol: VOXX
Transactions as of: Jan 5, 2024
Transactions value $: $15,687,500
Form type: 4
Date filed: 1/8/2024, 12:06 PM
Previous filing: Dec 12, 2023
Next filing: Feb 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VOXX	Class A Common Stock	Purchase	$15.7M	+1.57M	+89.96%	$10.00	3.31M	Jan 5, 2024	See Footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	This transaction was executed pursuant to a Stock Purchase Agreement between Gentex Corporation as Purchaser, and Avalon Park International LLC and Avalon Park Group Holding AG, as Sellers.
F2	The reported number of shares are owned directly by Gentex Corporation, of which Mr. Downing is the Chief Executive Officer. Accordingly, by virtue of Mr. Downing's relationship with Gentex, Mr. Downing may be deemed to beneficially own the shares of the Company's Class A Common Stock owned directly by Gentex. Mr. Downing disclaims beneficial ownership of the shares of Company Class A Common Stock owned directly by Gentex except to the extent of his pecuniary interest.

Content

This transaction was executed pursuant to a Stock Purchase Agreement between Gentex Corporation as Purchaser, and Avalon Park International LLC and Avalon Park Group Holding AG, as Sellers.

The reported number of shares are owned directly by Gentex Corporation, of which Mr. Downing is the Chief Executive Officer. Accordingly, by virtue of Mr. Downing's relationship with Gentex, Mr. Downing may be deemed to beneficially own the shares of the Company's Class A Common Stock owned directly by Gentex. Mr. Downing disclaims beneficial ownership of the shares of Company Class A Common Stock owned directly by Gentex except to the extent of his pecuniary interest.