Philip Austin Singleton Jr. - 30 Sep 2021 Form 4 Insider Report for OneWater Marine Inc. (ONEW)

Role: Chief Executive Officer, Director
Signature: /s/ Jack Ezzell, Authorized Signatory
Issuer symbol: ONEW
Transactions as of: 30 Sep 2021
Net transactions value: -$267,043
Form type: 4
Filing time: 04 Oct 2021, 21:01:26 UTC
Previous filing: 10 Sep 2021
Next filing: 22 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ONEW	Class B common stock, par value $0.01	Conversion of derivative security		-477,334	-100%		0	30 Sep 2021	By Auburn OWMH, LLLP	F1, F2
transaction	ONEW	Class A common stock, par value $0.01	Conversion of derivative security		+477,334	+356%		611,371	30 Sep 2021	By Auburn OWMH, LLLP	F1, F2
transaction	ONEW	Class B common stock, par value $0.01	Conversion of derivative security		-345,678	-100%		0	30 Sep 2021	By Philip Singleton Irrevocable Trust, Dated December 24, 2015	F1, F2
transaction	ONEW	Class A common stock, par value $0.01	Conversion of derivative security		+345,678			345,678	30 Sep 2021	By Philip Singleton Irrevocable Trust, Dated December 24, 2015	F1, F2
transaction	ONEW	Class B common stock, par value $0.01	Conversion of derivative security		-476,261	-100%		0	30 Sep 2021	By Austin Singleton Irrevocable Trust, Dated December 30, 2015	F1, F2
transaction	ONEW	Class A common stock, par value $0.01	Conversion of derivative security		+476,261			476,261	30 Sep 2021	By Austin Singleton Irrevocable Trust, Dated December 30, 2015	F1, F2
transaction	ONEW	Class B common stock, par value $0.01	Conversion of derivative security		-37,029	-100%		0	30 Sep 2021	Direct	F1, F2
transaction	ONEW	Class A common stock, par value $0.01	Conversion of derivative security		+37,029	+41%		128,032	30 Sep 2021	Direct	F1, F2
transaction	ONEW	Class A common stock, par value $0.01	Tax liability	$88,068	-2,148	-1.7%	$41.00	125,884	30 Sep 2021	Direct	F3
transaction	ONEW	Class A common stock, par value $0.01	Tax liability	$178,975	-4,451	-3.5%	$40.21	121,433	01 Oct 2021	Direct	F3
transaction	ONEW	Class A common stock, par value $0.01	Award	$0	+14,922	+12%	$0.000000	136,355	01 Oct 2021	Direct	F4

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	ONEW	One Water Marine Holdings, LLC common unit	Conversion of derivative security	$0	-477,344	-100%	$0.000000^*	0	30 Sep 2021	Class A common stock, par value $0.01	477,344		By Auburn OWMH, LLLP	F1, F2
transaction	ONEW	One Water Marine Holdings, LLC common unit	Conversion of derivative security	$0	-345,678	-100%	$0.000000^*	0	30 Sep 2021	Class A common stock, par value $0.01	345,678		By Philip Singleton Irrevocable Trust, Dated December 24, 2015	F1, F2
transaction	ONEW	One Water Marine Holdings, LLC common unit	Conversion of derivative security	$0	-476,261	-100%	$0.000000^*	0	30 Sep 2021	Class A common stock, par value $0.01	476,261		By Austin Singleton Irrevocable Trust, Dated December 30, 2015	F1, F2
transaction	ONEW	One Water Marine Holdings, LLC common unit	Conversion of derivative security	$0	-37,029	-100%	$0.000000^*	0	30 Sep 2021	Class A common stock, par value $0.01	37,029		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	At the request of the holder, each Common Unit of One Water Marine Holdings, LLC ("OneWater LLC") may be coupled with a share of Class B common stock and redeemed for, at the Issuer's election and subject to certain restrictions in the Fourth Amended and Restated Limited Liability Company Agreement of OneWater LLC (the "OneWater LLC Agreement"), newly-issued shares of Class A common stock of OneWater Marine Inc. on a one-for-one basis or for a cash payment to be determined pursuant to the OneWater LLC Agreement for each Common Unit redeemed. The Common Units do not expire.
F2	Pursuant to the OneWater LLC Agreement, the shares of the Issuer's Class B common stock were cancelled for no consideration on a one-for-one basis upon the redemption by the Reporting Person of OneWater LLC common units, together with a corresponding number of shares of Class B common stock, for shares of the Issuer's Class A common stock.
F3	Represents shares withheld to cover tax withholding obligations in connection with the vesting of previously reported restricted stock units.
F4	Award of restricted stock units pursuant to the OneWater Marine Inc. 2020 Omnibus Inventive Plan. The award vests in three installments on September 30, 2022, September 30, 2023, and September 30, 2024, subject to continued employment through the applicable vesting date.