Ralph Alexander - Mar 1, 2023 Form 4/A - Amendment Insider Report for Enviva Inc. (EVA)

Role
Director
Signature
/s/ Jason E. Paral, as attorney-in-fact for Ralph Alexander
Stock symbol
EVA
Transactions as of
Mar 1, 2023
Transactions value $
$99,969
Form type
4/A - Amendment
Date filed
3/23/2023, 09:49 PM
Date Of Original Report
Mar 3, 2023
Previous filing
Feb 2, 2023
Next filing
May 10, 2023

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 EVA Series A Preferred Stock Award $100K +2.65K $37.71 2.65K Mar 1, 2023 Common Stock 2.65K $37.71 By RA Family 2012 Irrevocable Trust F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 3, 2023, the Reporting Person filed a Form 4 relating to the purchase of Series A Preferred Stock ("Preferred Shares") of Enviva Inc. (the "Issuer") pursuant to a subscription agreement by and between the Issuer and the Reporting Person, dated February 28, 2023 (the "Subscription Agreement"). On March 22, 2023, the Issuer and the Reporting Person entered into an amendment to the Subscription Agreement, prior to the issuance of the Preferred Shares, amending the number of Preferred Shares of the Issuer to be purchased by the Reporting Person. As such, this amended Form 4 is being filed to amend the number of Preferred Shares agreed to be purchased by the Reporting Person.
F2 Each Preferred Share is convertible into one share of Common Stock of the Issuer, subject to adjustment for any stock dividends, splits, combinations, and similar events.
F3 The conversion of the Preferred Shares to shares of Common Stock of the Issuer is subject to and will occur automatically upon stockholder approval of a proposal to issue Common Stock upon conversion of the Preferred Shares for purposes of Rule 312.03 of the New York Stock Exchange Listed Company Manual.