Jonathan D. Sokoloff - Mar 17, 2022 Form 4 Insider Report for JOANN Inc. (JOAN)

Role
Director, 10%+ Owner
Signature
/s/ Andrew Goldberg, attorney-in-fact
Stock symbol
JOAN
Transactions as of
Mar 17, 2022
Transactions value $
$0
Form type
4
Date filed
3/21/2022, 09:22 PM
Previous filing
Sep 14, 2021
Next filing
Jun 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JOAN Common Stock Options Exercise $0 +7.81K $0.00 7.81K Mar 17, 2022 Direct F1
holding JOAN Common Stock 27.8M Mar 17, 2022 See footnote. F2, F3

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 JOAN Restricted Stock Units Options Exercise $0 -7.81K -100% $0.00* 0 Mar 17, 2022 Common Stock 7.81K Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of common stock reported on this row are held by Mr. Sokoloff for the benefit of Leonard Green & Partners, L.P. Mr. Sokoloff disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F2 Represents shares of common stock owned by Green Equity Investors CF, L.P. ("Main CF"), Green Equity Investors Side CF, L.P. ("Side CF"), and LGP Associates CF, LLC ("Associates CF"). Of the shares of common stock reported, 20,436,421 are held by Main CF, 7,293,957 are held by Side CF, and 96,979 are held by Associates CF.
F3 Mr. Sokoloff 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. Sokoloff 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.
F4 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F5 The restricted stock units vest and become exercisable on March 17, 2022.