John J. Yoon - Sep 10, 2021 Form 4 Insider Report for JOANN Inc. (JOAN)

Role
Director, 10%+ Owner
Signature
/s/ Andrew C. Goldberg, Attorney-in-fact
Stock symbol
JOAN
Transactions as of
Sep 10, 2021
Transactions value $
$0
Form type
4
Date filed
9/14/2021, 07:46 PM
Next filing
Mar 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JOAN Common Stock Other -$6.06M -533K -1.88% $11.38* 27.8M Sep 10, 2021 See footnote. F1, F2, F3, F4
transaction JOAN Common Stock Other $6.06M +533K +1.95% $11.38* 27.8M Sep 10, 2021 See footnote. F1, F2, F3, 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
holding JOAN Restricted Stock Units 7.81K Sep 10, 2021 Common Stock 7.81K Direct F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is being filed as a result of a rebalancing transaction in which Green Equity Investors Side CF, L.P. ("Side CF") transferred 532,672 shares of Common Stock of the Issuer to Green Equity Investors CF, L.P. ("Main CF") to correct a scrivener's error in the recorded holdings of each of Main CF and Side CF (the "Transaction"). There was no change in the aggregate number of shares of Common Stock beneficially owned by Main CF, Side CF, and LGP Associates CF, LLC ("Associates CF") as a result of such transaction. The price reflected in this Form 4 is the closing price on April 16, 2021, the record date of the holdings as to which the scrivener's error related.
F2 Represents shares of Common Stock transferred to Main CF by Side CF as part of the Transaction.
F3 Represents shares of Common Stock owned by Main CF, Side CF, and Associates CF. Of the shares of Common Stock reported, 20,436,421 are held by Main CF following the Transaction, 7,293,957 are held by Side CF following the Transaction, and 96,979 are held by Associates CF.
F4 Mr. Yoon directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of the shares of Common Stock owned by Main CF, Side CF, and Associates CF. Mr. Yoon disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F5 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F6 The restricted stock unit vests on March 17, 2022.
F7 The restricted stock units reported on this row are held by Mr. Sokoloff for the benefit of Leonard Green & Partners, L.P. Mr. Yoon disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.