Mill Road Capital III, L.P. - Sep 20, 2024 Form 4 Insider Report for ALTA EQUIPMENT GROUP INC. (ALTG)

Role: 10%+ Owner
Signature: /s/ Deven Petito, Management Committee Director of sole general partner on behalf of Mill Road Capital III, L.P.
Stock symbol: ALTG
Transactions as of: Sep 20, 2024
Transactions value $: $526,000
Form type: 4
Date filed: 9/24/2024, 07:16 PM
Previous filing: Aug 19, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALTG	Common Stock, $0.0001 par value	Exercise of in-the-money or at-the-money derivative security	$11K	+1.1K	+0.03%	$10.00	4.17M	Sep 20, 2024	Direct	F1
transaction	ALTG	Common Stock, $0.0001 par value	Exercise of in-the-money or at-the-money derivative security	$515K	+41.2K	+0.99%	$12.50	4.21M	Sep 20, 2024	Direct	F1

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	ALTG	Put options (obligation to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-11	-100%	$0.00	0	Sep 20, 2024	Common Stock	1.1K	$10.00	Direct	F1
transaction	ALTG	Put options (obligation to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-412	-100%	$0.00	0	Sep 20, 2024	Common Stock	41.2K	$12.50	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The shares reported are directly held by Mill Road Capital III, L.P. (the "Fund"). Mill Road Capital III GP LLC (the "GP") is the sole general partner of the Fund and has sole authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the Fund. Mr. Lynch is a management committee director of the GP and has shared authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the GP. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any.
F2	Each put option became exercisable on the date purchased, which dates range from 7/24/2024 to 7/30/2024.

Content

The shares reported are directly held by Mill Road Capital III, L.P. (the "Fund"). Mill Road Capital III GP LLC (the "GP") is the sole general partner of the Fund and has sole authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the Fund. Mr. Lynch is a management committee director of the GP and has shared authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the GP. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any.

Each put option became exercisable on the date purchased, which dates range from 7/24/2024 to 7/30/2024.