Darren Hawkins - Mar 1, 2022 Form 4 Insider Report for Yellow Corp (YELL)

Signature
/s/Leah K. Dawson, Attorney-in-Fact for Darren Hawkins
Stock symbol
YELL
Transactions as of
Mar 1, 2022
Transactions value $
-$937,974
Form type
4
Date filed
8/16/2023, 02:18 PM
Next filing
May 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YELL Common Stock Tax liability -$421K -49.8K -13.05% $8.46 332K Mar 1, 2022 Direct F1, F2, F3
transaction YELL Common Stock Sale -$40K -26K -7.84% $1.54 306K Aug 14, 2023 Direct F4
transaction YELL Common Stock Sale -$477K -306K -100% $1.56 0 Aug 14, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 28, 2022, 118,750 restricted shares of Mr. Hawkins' Company stock, granted February 28, 2020, vested. On March 1, 2022, an automatic broker sale of 49,783 of the 118,750 newly-vested shares was effected to satisfy the tax withholding obligations triggered upon the February 28th vesting. The automatic broker sale of newly vested shares is the Company's default process for paying tax withholding obligations triggered upon the vesting of restricted stock.
F2 The price listed is an average weighted price.
F3 The amount owned reflects: (i) transactions previously reported by Mr. Hawkins in Form 4 reports filed on March 6, 2023 and May 16, 2022; and (ii) 250 shares Mr. Hawkins purchased via an employee stock purchase plan on May 31, 2023 in a transaction exempt from Section 16(b) under Rule 16b-3(c).
F4 The price listed is an average weighted price. The shares reported herein were sold in multiple transactions at prices ranging from $1.52 to $1.55, inclusive. The reporting person undertakes to provide to 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 sold at each separate price within the range set forth in this footnote.