Glenn W. Welling - Jun 30, 2023 Form 4 Insider Report for NCR CORP (NCR)

Role
Director
Signature
/s/ Glenn W. Welling
Stock symbol
NCR
Transactions as of
Jun 30, 2023
Transactions value $
$0
Form type
4
Date filed
7/3/2023, 05:00 PM
Previous filing
May 9, 2023
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NCR Common Stock Other -234K -100% 0 Jun 30, 2023 By: Managed Account of Engaged Capital, LLC F3, F4
holding NCR Common Stock 21.8K Jun 30, 2023 Direct
holding NCR Common Stock 2.92M Jun 30, 2023 By: Engaged Capital Flagship Master Fund, LP F1, F4
holding NCR Common Stock 2.1M Jun 30, 2023 By: Engaged Capital Co-Invest XIV, LP F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Securities owned directly by Engaged Capital Flagship Master Fund, LP ("Engaged Capital Flagship Master"). Mr. Welling, by virtue of his position as the founder and Chief Investment Officer of Engaged Capital, LLC ("Engaged Capital"), the general partner and investment adviser of Engaged Capital Flagship Master, and as the sole member of Engaged Capital Holdings, LLC ("Engaged Holdings"), the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master.
F2 Securities owned directly by Engaged Capital Co-Invest XIV, LP ("Engaged Capital Co-Invest XIV"). Mr. Welling, by virtue of his position as the founder and Chief Investment Officer of Engaged Capital, the general partner and investment adviser of Engaged Capital Co-Invest XIV, and as the sole member of Engaged Holdings, the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest XIV.
F3 On June 30, 2023, Engaged Capital's relationship with the separately managed account terminated. As a result, Engaged Capital no longer retains voting or dispositive power with respect to any of the shares that were held in the separately managed account and does not have a pecuniary interest in any such shares.
F4 Mr. Welling disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Welling is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.