Enovis CORP - 18 Nov 2022 Form 4 Insider Report for ESAB Corp (ESAB)

Role
10%+ Owner
Signature
/s/ Brian P. Hanigan, Vice President and Corporate Secretary
Issuer symbol
ESAB
Transactions as of
18 Nov 2022
Net transactions value
$0
Form type
4
Filing time
18 Nov 2022, 19:00:11 UTC
Previous filing
07 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESAB Common stock, par value $0.001 Other -6,003,431 -100% 0 18 Nov 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Enovis CORP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to a Debt-for-Equity Exchange Agreement (the "Agreement"), dated as of November 15, 2022, by and among the reporting person, the issuer and Goldman Sachs and Co. LLC (the "Investment Entity"), the reporting person exchanged 6,003,431 shares of the issuer's common stock and a cash payment for certain indebtedness of the reporting person then owned by the Investment Entity (the "Exchange"), with the amount of such cash payment equal to the accrued interest under such indebtedness as of the Exchange.
F2 The Agreement placed a value on the issuer's common stock for purposes of the Exchange of $38.40 per share.