Coliseum Capital Management, LLC - 15 May 2024 Form 4 Insider Report for Lazydays Holdings, Inc. (GORV)

Role
Director, 10%+ Owner
Signature
Coliseum Capital Management, LLC, By: /s/ Chivonne Cassar, Attorney-in-fact, Chivonne Cassar, Attorney-in-fact
Issuer symbol
GORV
Transactions as of
15 May 2024
Net transactions value
$0
Form type
4
Filing time
17 May 2024, 06:15:24 UTC
Previous filing
10 May 2024
Next filing
22 May 2024
SEC
View on sec.gov

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 LAZY Warrants Other +2,000,000 2,000,000 15 May 2024 Common Stock 2,000,000 $5.25 See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Warrants were issued without payment of separate oconsideraton to (i) Coliseum Capital Partners, L.P. ("CCP"), an investment limited partnership of which Coliseum Capital, LLC, a Delaware limited liability company ("CC"), is general partner and for which Coliseum Capital Management, LLC, a Delaware limited liability company ("CCM"), serves as investment adviser and (ii) a separate account investment advisory client of CCM (the "Separate Account"), in satisfaction of a condition to effectiveness of and the obligation to advance loans under that certain Amendment to Loan Agreement, dated as of May 15, 2024, by and among Coliseum Holdings I, LLC, the Issuer and certain subsidiaries of the Issuer as disclosed in the Current Report on Form 8-K, as filed by the Issuer on May 17, 2024.
F2 As a result of the transaction reported herein, CCP directly owns a Warrant to purchase 1,600,000 shares of Common Stock and the Separate Account directly owns a Warrant to purchase 400,000 shares of Common Stock.
F3 Christopher Shackelton ("Shackelton") and Adam Gray ("Gray") are managers of and have an ownership interest in each of CCM and CC. Each of Shackelton, Gray, CCP, the Separate Account, CC and CCM disclaims beneficial ownership of these securities except to the extent of that person's pecuniary interest therein.

Remarks:

Shackelton is a director of the Issuer. As a result, the following persons may be deemed directors by deputization of the Issuer solely for purposes of Section 16 of the Securities Exchange Act of 1934, as amended: CCM, CC, CCP, and Gray.