ECP ControlCo, LLC - Sep 7, 2023 Form 4 Insider Report for Custom Truck One Source, Inc. (CTOS)

Signature
ECP ControlCo, LLC By: /s/ Rahman D'Argenio, Managing Member
Stock symbol
CTOS
Transactions as of
Sep 7, 2023
Transactions value $
-$623,508
Form type
4
Date filed
9/11/2023, 04:30 PM
Previous filing
Apr 4, 2023
Next filing
Sep 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTOS Common Stock Sale -$307K -45.7K -33.8% $6.72 89.4K Sep 7, 2023 See footnote F1, F2, F3
transaction CTOS Common Stock Sale -$317K -48.3K -54% $6.56 41.1K Sep 8, 2023 See footnote F1, F3, F4
holding CTOS Common Stock 25.7M Sep 7, 2023 See footnotes F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities sold by Energy Capital Partners Management, LP, which were acquired as director compensation. No securities reported herein are being sold by NESCO Holdings, LP or ECP Cardinal Holdings, LP.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.70 to $6.75. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Represents securities held directly by Energy Capital Partners Management, LP ("ECP Management"). ECP Management GP, LLC is the general partner of ECP Management and may be deemed to share beneficial ownership of the securities held by ECP Management. ECP ControlCo, LLC ("ECP ControlCo") is the sole member of ECP Management GP, LLC. As a result, ECP ControlCo may be deemed to share beneficial ownership of the securities beneficially owned by ECP Management GP, LLC. The managing members of ECP ControlCo are Douglas Kimmelman, Andrew Singer, Peter Labbat, Tyler Reeder and Rahman D'Argenio all of whom collectively share the power to vote and dispose of the securities beneficially owned by ECP ControlCo. Each such individual disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.51 to $6.675. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 Includes 21,238,988 shares held by NESCO Holdings, LP and 4,500,000 shares held by ECP Cardinal Holdings, LP ("ECP Cardinal"). The general partner of each of ECP Cardinal and NESCO Holdings, LP is NESCO Holdings GP, LLC. ECP Starlight Guarantor (Public), LP ("ECP Starlight") and Energy Capital Partners III (NESCO Co-Invest), LP are the sole members of NESCO Holdings GP, LLC.
F6 ECP ControlCo is the sole member of Energy Capital Partners III, LLC, which is the general partner of (i) Energy Capital Partners GP III, LP, which is the general partner of each of Energy Capital Partners III, LP, Energy Capital Partners III-A, LP, Energy Capital Partners III-B, LP, Energy Capital Partners III-C, LP, and Energy Capital Partners III-D, LP (together, the "ECP III Funds"), which are the sole members of ECP Starlight Public GP, LLC, which is the general partner of ECP Starlight, and (ii) Energy Capital Partners GP III Co-Investment (NESCO), LLC, which is the general partner of Energy Capital Partners III (NESCO Co-Invest), LP. As a result, each of the foregoing entities may be deemed to share beneficial ownership of the shares of Common Stock held by ECP Cardinal and NESCO Holdings, LP.