Edward S. Lampert - Apr 26, 2024 Form 3 Insider Report for AUTONATION, INC. (AN)

Role
10%+ Owner
Signature
EDWARD S. LAMPERT, By: /s/ Edward S. Lampert
Stock symbol
AN
Transactions as of
Apr 26, 2024
Transactions value $
$0
Form type
3
Date filed
5/6/2024, 09:30 PM
Previous filing
Apr 3, 2024
Next filing
Jul 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AN Common Stock, par value $0.01 per share 4M Apr 26, 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Due to clerical error, the Form 4 filing submitted by the reporting person on May 25, 2022, inadvertently excluded 50 shares of common stock of AutoNation, Inc. (the "Issuer"), par value $0.01 per share (each, a "Share") which were disposed of by the reporting person through open market sales on May 23, 2022, and the Form 4 filed by the reporting person on June 10, 2022, inadvertently excluded 540 Shares which were disposed of by the reporting person through open market sales on June 10, 2022. As a result, an aggregate 590 Shares were excluded for purposes of calculating the amount of securities beneficially owned by the reporting person in all Form 4s filed by the reporting person from June 10, 2022 through February 14, 2024.
F2 (Continued from footnote 1) Upon discovering this discrepancy, the information reported on the Form 4 filed on March 22, 2024 was adjusted to account for the missing 590 Shares.
F3 Includes 1,649 Shares held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 1,649 Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust" and, together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of any securities owned by the Trusts.

Remarks:

On April 26, 2024, the Issuer filed a Form 10-Q reporting its financial results for the quarterly period ending March 31, 2024. As a result, the reporting person learned that the Issuer had repurchased Shares. These repurchases resulted in a decrease in the total number of Shares outstanding and caused the reporting person to beneficially own in the aggregate more than 10% of the total Shares outstanding.