The Ronald D Croatti Trust - 1993 - 14 Oct 2024 Form 4 Insider Report for UNIFIRST CORP (UNF)

Role
10%+ Owner
Signature
/s/ Erik Bello, Attorney-in-Fact
Issuer symbol
UNF
Transactions as of
14 Oct 2024
Net transactions value
-$6,166,929
Form type
4
Filing time
21 Nov 2024, 21:55:46 UTC
Previous filing
12 Oct 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNF Common Stock Conversion of derivative security +31,860 31,860 14 Oct 2024 Direct F1
transaction UNF Common Stock Sale $520,702 -2,702 -8.5% $192.71 29,158 19 Nov 2024 Direct F2, F3
transaction UNF Common Stock Sale $438,858 -2,268 -7.8% $193.50 26,890 19 Nov 2024 Direct F2, F4
transaction UNF Common Stock Sale $572,241 -3,011 -11% $190.05 23,879 20 Nov 2024 Direct F2, F5
transaction UNF Common Stock Sale $433,702 -2,272 -9.5% $190.89 21,607 20 Nov 2024 Direct F2, F6
transaction UNF Common Stock Sale $808,272 -4,217 -20% $191.67 17,390 20 Nov 2024 Direct F2, F7
transaction UNF Common Stock Sale $35,872 -187 -1.1% $191.83 17,203 21 Nov 2024 Direct F2, F8
transaction UNF Common Stock Sale $236,051 -1,223 -7.1% $193.01 15,980 21 Nov 2024 Direct F2, F9
transaction UNF Common Stock Sale $9,675 -50 -0.31% $193.50 15,930 21 Nov 2024 Direct F2
transaction UNF Common Stock Sale $63,388 -329 -2.1% $192.67 15,601 21 Nov 2024 Direct F2, F10
transaction UNF Common Stock Sale $584,066 -3,015 -19% $193.72 12,586 21 Nov 2024 Direct F2, F11
transaction UNF Common Stock Sale $680,901 -3,497 -28% $194.71 9,089 21 Nov 2024 Direct F2, F12
transaction UNF Common Stock Sale $1,016,462 -5,190 -57% $195.85 3,899 21 Nov 2024 Direct F2, F13
transaction UNF Common Stock Sale $766,738 -3,899 -100% $196.65 0 21 Nov 2024 Direct F2, F14

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 UNF Class B Common Stock Conversion of derivative security $0 -31,860 -3.1% $0.000000 1,003,874 14 Oct 2024 Common Stock ($0.10 par value) 31,860 Direct F1, F15
holding UNF Class B Common Stock 1,688,694 14 Oct 2024 Common Stock ($0.10 par value) 1,688,694 By Partnership F1, F16, F17, F18
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible at any time by the holder into one share of Common Stock. Each share of Class B Common Stock automatically converts into one share of Common Stock upon transfer to a recipient that is not a permitted transferee or upon termination of the Class B Common Stock, in each case in accordance with the terms of the charter of UniFirst Corporation.
F2 Represents shares sold pursuant to a trading plan intended to comply with Rule 10b5-1(c) and adopted on August 16, 2024.
F3 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $192.07 to $193.05, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F4 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $193.10 to $194.00, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F5 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $189.45 to $190.41, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F6 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $190.46 to $191.45, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F7 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $191.50 to $192.29, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F8 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $191.09 to $192.03, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F9 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $192.47 to $193.47, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F10 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $192.17 to $193.16, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F11 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $193.18 to $194.13, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F12 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $194.21 to $195.18, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F13 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $195.23 to $196.22, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F14 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $196.24 to $197.01, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F15 Represents shares owned directly by The Ronald D. Croatti Trust - 1993, of which Carol Croatti and Matthew Croatti are the trustees and Carol Croatti is the beneficiary.
F16 Includes 672,775 shares owned directly by The Queue Limited Partnership and 199 shares owned directly by Queue Management Associates, Inc. Queue Management Associates, Inc. is the general partner of The Queue Limited Partnership. The Ronald D. Croatti Trust 1993 (of which Carol Croatti and Matthew Croatti are the trustees and Carol Croatti is the beneficiary), Cynthia Croatti and Cecilia Levenstein are the sole shareholders of Queue Management Associates, Inc., and Carol Croatti, Cynthia Croatti and Cecelia Levenstein are the directors of Queue Management Associates, Inc.
F17 Includes 1,015,717 shares owned directly by The Red Cat Limited Partnership and 3 shares owned directly by Red Cat Management Associates, Inc. Red Cat Management Associates, Inc. is the general partner of The Red Cat Limited Partnership. The Ronald D. Croatti Trust - 1993 and Cynthia Croatti are the sole shareholders of Red Cat Management Associates, Inc. and Carol Croatti and Cynthia Croatti are the directors of Red Cat Management Associates, Inc.
F18 Each of the aforementioned reporting persons disclaims beneficial ownership of these reported securities, except to the extent of his, her or its pecuniary interest therein, if any, and this report shall not be deemed an admission that such persons are the beneficial owners of these securities for purposes of Section 16 or any other purpose.