Steven L. Ortega - May 28, 2021 Form 4 Insider Report for Leslie's, Inc. (LESL)

Role: Director
Signature: /s/ Brad A. Gazaway, as Attorney-in-Fact for Steven L. Ortega
Stock symbol: LESL
Transactions as of: May 28, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/2/2021, 08:06 PM
Next filing: Jun 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LESL	Common Stock, par value $0.001 per share	Options Exercise	$0	+270K	+12.1%	$0.00	2.5M	May 28, 2021	Direct
holding	LESL	Common Stock, par value $0.001 per share						588K	May 28, 2021	See footnote.	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
transaction	LESL	Restricted Stock Units	Options Exercise	$0	-270K	-97.35%	$0.00	7.35K	May 28, 2021	Common Stock	270K	$0.00	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	The shares are held by the Mary Ann E. and Steven L. Ortega Family Trust.
F2	Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's Common Stock.
F3	Represents grants of RSUs, of which 269,849 vested on May 28, 2021 because the volume weighted average trading price of a share of the Issuer's Common Stock was greater than $9.82 at the end of a rolling twenty (20)-day trading period commencing on May 2, 2021, and of which 7,353 of the RSUs will vest on November 2, 2021, subject to Mr. Ortega's continuous service as a member of the board of the Issuer.