Corvex Management LP - 06 May 2024 Form 4 Insider Report for Vestis Corp (VSTS)

Role
10%+ Owner
Signature
CORVEX MANAGEMENT LP Name: /s/ Keith Meister Title: Managing Partner
Issuer symbol
VSTS
Transactions as of
06 May 2024
Net transactions value
+$34,321,684
Form type
4
Filing time
08 May 2024, 18:43:20 UTC
Previous filing
09 Feb 2023
Next filing
20 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VSTS Common Stock Purchase $17,439,206 +1,828,009 +14% $9.54 14,973,187 06 May 2024 See footnotes F1, F2, F3
transaction VSTS Common Stock Purchase $10,391,409 +996,300 +6.7% $10.43 15,969,487 07 May 2024 See footnotes F2, F3, F4
transaction VSTS Common Stock Purchase $6,491,069 +622,346 +3.9% $10.43 16,591,833 08 May 2024 See footnotes F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.21 to $9.96, inclusive. The reporting persons undertake to provide to Vestis Corporation (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (1), (4), and (5) to this Form 4.
F2 Investment funds advised by Corvex Management LP ("Corvex") directly hold 16,591,833 shares of common stock of the Issuer reported herein. Mr. Meister may be deemed to indirectly beneficially own these shares by virtue of Mr. Meister's control of the general partner of Corvex.
F3 For the purposes of this filing, each of Corvex or Mr. Meister disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Corvex or Mr. Meister is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
F4 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.21 to $10.62, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.02 to $10.66, inclusive.