John K. Keppler - Apr 1, 2023 Form 3 Insider Report for Enviva Inc. (EVA)

Role: Executive Chairman, Director
Signature: /s/ Jason E. Paral, as attorney-in-fact for John K. Keppler
Stock symbol: EVA
Transactions as of: Apr 1, 2023
Transactions value $: $0
Form type: 3
Date filed: 4/11/2023, 05:12 PM
Previous filing: Dec 5, 2022
Next filing: Apr 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	EVA	Common Stock						352K	Apr 1, 2023	Direct	F1

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
holding	EVA	Series A Preferred Stock							Apr 1, 2023	Common Stock	13.3K	$37.71	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	The amount of securities beneficially owned in Table I does not include 374,598 shares of Common Stock of Enviva Inc. (the "Issuer") previously contributed by the Reporting Person to a charitable remainder trust (the "Trust") principally for estate planning and charitable purposes, which include supporting several personal philanthropic initiatives. The holdings of the Trust are not reportable by the Reporting Person for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The amount of securities beneficially owned in Table I also does not include 105,947 shares of Common Stock withheld for payment of taxes, which withholding event was not reportable by the Reporting Person for purposes of Section 16 of the Exchange Act, in respect to the vesting and settlement of 246,329 restricted stock units reported on the Reporting Person's Form 4 filed on November 16, 2022.
F2	The conversion of the Series A Preferred Stock (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.
F3	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.

Remarks:

The Reporting Person is the Executive Chairman of Enviva Inc., the Issuer.