Ruediger Adolf - Dec 7, 2021 Form 4 Insider Report for Focus Financial Partners Inc. (FOCS)

Role: CEO and Chairman, Director
Signature: /s/ J. Russell McGranahan as Attorney-in-Fact
Stock symbol: FOCS
Transactions as of: Dec 7, 2021
Transactions value $: -$50,731
Form type: 4
Date filed: 12/9/2021, 08:00 PM
Next filing: Dec 20, 2021

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	FOCS	Common Units in Focus Financial Partners, LLC	Tax liability	-$50.7K	-788	-6.09%	$64.38	12.1K	Dec 7, 2021	Class A Common Stock	788		Direct	F1, F2, F3
holding	FOCS	Common Units in Focus Financial Partners, LLC						160K	Dec 7, 2021	Class A Common Stock	160K		By Adolf Family Trust II	F4, F5
holding	FOCS	Common Units in Focus Financial Partners, LLC						58.5K	Dec 7, 2021	Class A Common Stock	58.5K		Direct	F4

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

Explanation of Responses:

Id	Content
F1	As previously reported, on December 7, 2020, the Reporting Person acquired 12,933 unvested common units that vest in four equal installments on each anniversary of December 7, 2020. Vested common units are exchangeable (together with an equal number of shares of Class B common stock), subject to certain restrictions in the Fourth Amended and Restated Operating Agreement of Focus Financial Partners, LLC ("Focus LLC"), for (i) an equal number of shares of the Issuer's Class A common stock or, (ii) at the election of the Issuer, cash.
F2	On December 7, 2021, 3,233 of the Reporting Person's unvested common units vested and 788 of such common units were withheld by the Issuer to satisfy the tax obligations upon vesting. The number of common units withheld was based on the closing price of the Issuer's Class A common stock on December 6, 2021.
F3	As of the date of this report, 2,445 of these common units are vested and 9,700 of these common units are unvested.
F4	Vested common units are exchangeable (together with an equal number of shares of Class B common stock), subject to certain restrictions in the Fourth Amended and Restated Operating Agreement of Focus LLC, for (i) an equal number of shares of the Issuer's Class A common stock or, (ii) at the election of the Issuer, cash.
F5	Represents securities held by the Adolf Family Trust II, an irrevocable trust established by the Reporting Person for the benefit of his children. The Reporting Person disclaims beneficial ownership of the securities owned by the trust except to the extent of his indirect pecuniary interest therein.