Rahul K. Roy - Nov 22, 2024 Form 4 Insider Report for ARC DOCUMENT SOLUTIONS, INC. (ARC)

Role: Chief Technology Officer
Signature: /s/ Jorge Avalos, Attorney-in-Fact
Stock symbol: ARC
Transactions as of: Nov 22, 2024
Transactions value $: $0
Form type: 4
Date filed: 11/22/2024, 07:51 PM
Previous filing: May 14, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARC	Common Stock	Tax liability	$0	-55K	-11.76%	$0.00	413K	Nov 22, 2024	Direct	F1, F2
transaction	ARC	Common Stock	Tax liability	$0	-12.8K	-3.11%	$0.00	400K	Nov 22, 2024	Direct	F1, F2
transaction	ARC	Common Stock	Tax liability	$0	-6.42K	-1.61%	$0.00	393K	Nov 22, 2024	Direct	F1, F2
transaction	ARC	Common Stock	Other		+165K	+41.96%		558K	Nov 22, 2024	Direct	F1, F3
transaction	ARC	Common Stock	Tax liability	$0	-161K	-28.81%	$0.00	397K	Nov 22, 2024	Direct	F1, F4
transaction	ARC	Common Stock	Other		+100K	+25.16%		497K	Nov 22, 2024	Direct	F1, F3
transaction	ARC	Common Stock	Tax liability	$0	-81.4K	-16.36%	$0.00	416K	Nov 22, 2024	Direct	F1, F4
transaction	ARC	Common Stock	Other		-416K	-100%		0	Nov 22, 2024	Direct	F1, F5

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	ARC	Option (right to buy)	Disposed to Issuer		-65K	-100%		0	Nov 22, 2024	Common Stock	65K	$3.69	Direct	F1, F6
transaction	ARC	Option (right to buy)	Disposed to Issuer		-165K	-100%		0	Nov 22, 2024	Common Stock	165K	$3.21	Direct	F1, F7
transaction	ARC	Option (right to buy)	Disposed to Issuer		-100K	-100%		0	Nov 22, 2024	Common Stock	100K	$2.07	Direct	F1, F7
transaction	ARC	Option (right to buy)	Disposed to Issuer		-34K	-100%		0	Nov 22, 2024	Common Stock	34K	$8.89	Direct	F1, F6

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

Rahul K. Roy is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On November 22, 2024, pursuant to the Agreement and Plan of Merger (as amended, the 'Merger Agreement') dated August 27, 2024, by and among ARC Document Solutions, Inc. (the 'Company') TechPrint Holdings, LLC ('Parent'), TechPrint Merger Sub, Inc. ('Merger Sub'), Merger Sub merged with and into the Company (the 'Merger'), with the Company surviving as the surviving corporation ('Surviving Corporation') in the Merger.
F2	Represents shares of Company common stock ('Shares') disposed of to satisfy applicable tax liabilities on unvested restricted stock which, immediately prior to the effective time of the Merger ('Effective Time'), were cancelled and converted into the right to receive a number of Shares equal to the quotient of (i) the number of unvested Shares covered thereby multiplied by $3.40 (the 'Merger Consideration') in cash without interest thereon, less applicable taxes and authorized deductions, divided by (ii) the Merger Consideration, rounded down to the nearest whole Share.
F3	Represents Shares acquired by the Reporting Person, pursuant to the Merger Agreement, immediately prior to the Effective Time in exchange for cancelled and converted vested and unvested options reported herein.
F4	Represents Shares disposed of to satisfy applicable tax liabilities, pursuant to the Merger Agreement, for the cancellation and conversion, immediately prior to the Effective Time, of vested and unvested options reported herein.
F5	Under the Merger Agreement and Rollover Agreement, dated August 27, 2024 by and between Parent and the Company stockholders listed on Schedule A thereto (as amended, the 'Rollover Agreement'), immediately prior to the Effective Time, each of these Shares was exchanged for a common unit of Parent.
F6	Under the Merger Agreement, each of these options, whether vested or unvested, was cancelled without the payment of consideration.
F7	Under the Merger Agreement, immediately prior to the Effective Time, each of these options, whether vested or unvested, was cancelled and converted into the number of Shares equal to the quotient of (i) the product of (a) the amount by which the Merger Consideration exceeds the exercise price per share of such option and (b) the aggregate number of shares issuable upon exercise of such option, less applicable taxes and authorized deductions, divided by (ii) the Merger Consideration, rounded down to the nearest whole share.