Abrams Capital Management, L.P. - Dec 12, 2024 Form 4 Insider Report for Loar Holdings Inc. (LOAR)

Role
10%+ Owner
Signature
Abrams Capital Management, L.P., by Abrams Capital Management, LLC, its General Partner, by David C. Abrams, Managing Member /s/ David Abrams
Stock symbol
LOAR
Transactions as of
Dec 12, 2024
Transactions value $
-$81,699,472
Form type
4
Date filed
12/16/2024, 04:01 PM
Previous filing
Oct 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOAR Common Stock, par value $0.01 per share Sale -$81.7M -1.01M -2.62% $81.18 37.4M Dec 12, 2024 See footnotes F1, F2, F3, F4, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares reported herein as beneficially owned represent 12,764,007 shares held by Abrams Capital Partners II, L.P. ("ACP II"), 13,463,749 shares held by Riva Capital Partners IV, L.P. ("Riva IV"), 845,200 shares held by Abrams Capital Partners I, L.P. ("ACPI"), 1,438,887 shares held by Whitecrest Partners, LP ("WCP"), 714,476 shares held by Great Hollow International, L.P. ("GHI"), and 8,201,598 shares held by Riva Capital Partners V, L.P. ("Riva V", and, together with ACPI, ACP II, WCP, GHI and Riva IV, collectively the "Abrams Funds"). Of the shares sold on December 12, 2024, 343,232 shares were sold by ACP II, 362,049 shares were sold by Riva IV, 22,728 shares were sold by ACPI, 38,693 shares were sold by WCP, 19,213 shares were sold by GHI, and 220,546 shares were sold by Riva V.
F2 Abrams Capital, LLC ("AC LLC") is the general partner of ACPI, ACPII, and WCP. As a result, AC LLC may be deemed to share voting and dispositive power with respect to the shares held by ACPI, ACPII, and WCP.
F3 Riva Capital Management IV, LLC ("RCM IV") is the general partner of Riva IV. As a result, RCM IV may be deemed to share voting and dispositive power with respect to the shares held by Riva IV.
F4 Riva Capital Management V, LLC ("RCM V") is the general partner of Riva V. As a result, RCM V may be deemed to share voting and dispositive power with respect to the shares held by Riva V.
F5 Abrams Capital Management, L.P. (the "LP") is the investment manager of each of the Abrams Funds and, in such capacity, manages the investment strategy and decision-making process with respect to investments held by the Abrams Funds. As a result, the LP may be deemed to share voting and dispositive power with respect to the shares held by the Abrams Funds.
F6 Abrams Capital Management, LLC (the "LLC") is the general partner of the LP. As a result, the LLC may be deemed to share voting and dispositive power with respect to the shares held by the Abrams Funds.
F7 Each reporting person disclaims beneficial ownership of the reported shares except to the extent of its pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.