Jeffrey B. Lamkin - Dec 31, 2021 Form 4 Insider Report for OneWater Marine Inc. (ONEW)

Role: Director
Signature: /s/ Jack Ezzell, as Attorney-in-Fact
Stock symbol: ONEW
Transactions as of: Dec 31, 2021
Transactions value $: $0
Form type: 4
Date filed: 1/4/2022, 08:02 PM
Previous filing: Feb 24, 2022
Next filing: Oct 4, 2022

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		-150K	-100%		0	Dec 31, 2021	By JBL Investment Holdings, LLLP	F1, F2, F3, F6
transaction	ONEW	Class A common stock, par value $0.01	Conversion of derivative security		+150K			150K	Dec 31, 2021	By JBL Investment Holdings, LLLP	F1, F2, F3, F6
transaction	ONEW	Class B common stock, par value $0.01	Conversion of derivative security		-150K	-100%		0	Dec 31, 2021	By L13, LLLP	F1, F2, F4, F6
transaction	ONEW	Class A common stock, par value $0.01	Conversion of derivative security		+150K			150K	Dec 31, 2021	By L13, LLLP	F1, F2, F4, F6
holding	ONEW	Class A common stock, par value $0.01						12.4K	Dec 31, 2021	Direct
holding	ONEW	Class A common stock, par value $0.01						25K	Dec 31, 2021	By Nantahala Legacy Partners	F5, F6

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	-150K	-100%	$0.00^*	0	Dec 31, 2021	Class A common stock, par value $0.01	150K		By JBL Investment Holdings, LLLP	F1, F2, F3, F6
transaction	ONEW	One Water Marine Holdings, LLC common unit	Conversion of derivative security	$0	-150K	-100%	$0.00^*	0	Dec 31, 2021	Class A common stock, par value $0.01	150K		By L13, LLLP	F1, F2, F4, F6

* 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	The general partner of JBL Investment Holdings, LLLP is Sea Oats Management, LLC, for which the Reporting Person serves as sole manager and has sole voting and investment control over shares held by JBL Investment Holdings, LLLP.
F4	The general partner of L13, LLLP is Sea Oats Management, LLC, for which the Reporting Person serves as sole manager and has sole voting and investment control over shares held by L13, LLLP.
F5	Sea Oats Management, LLC is the manager of Nantahala Legacy Partners LLC. The Reporting Person is the sole manager of Sea Oats Management, LLC and has sole voting and investment control over shares held by Nantahala Legacy Partners LLC.
F6	The Reporting Person disclaims beneficial ownership of the shares except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.