Stephens Group, LLC - Aug 26, 2022 Form 3 Insider Report for Westrock Coffee Co (WEST)

Role: 10%+ Owner
Signature: The Stephens Group, LLC, /s/ William W. Kilgroe, Attorney-in-Fact
Stock symbol: WEST
Transactions as of: Aug 26, 2022
Transactions value $: $0
Form type: 3
Date filed: 9/2/2022, 04:16 PM
Previous filing: Jun 3, 2022
Next filing: Feb 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	WEST	Common Stock						5.86M	Aug 26, 2022	Direct

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	WEST	Series A Convertible Preferred Stock							Aug 26, 2022	Common Stock	2.79M		See footnote	F1, F2
holding	WEST	Series A Convertible Preferred Stock							Aug 26, 2022	Common Stock	156K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Holders of shares of Preferred Stock may voluntarily convert their shares of Preferred Stock into a whole number of Common Stock at any time at a rate equal to the quotient of (a) the liquidation preference of such shares of Preferred Stock as of the applicable conversion date, divided by (b) the conversion price as of the applicable conversion date, which will initially be $11.50 per share of Preferred Stock, plus cash in lieu of fractional shares. The initial conversion price of $11.50 per share of Preferred Stock is subject to customary adjustments for stock dividends, distributions or combinations, tender or exchange offers and issuances of shares of Common Stock below a specified price. The initial liquidation preference of the shares of Preferred Stock is $11.50.
F2	Shares held indirectly by SG-Coffee, LLC ("SG-Coffee"). The Stephens Group, LLC ("The Stephens Group") is the sole manager of SG-Coffee and has voting and dispositive power over the shares held by SG-Coffee. Investment and voting decisions with respect to the shares beneficially owned by The Stephens Group are made by W.R. Stephens, Jr. and Elizabeth S. Campbell, acting as managers. Mr. Stephens and Ms. Campbell may be deemed to possess voting and dispositive control over the shares held by SG-Coffee.

Content

Holders of shares of Preferred Stock may voluntarily convert their shares of Preferred Stock into a whole number of Common Stock at any time at a rate equal to the quotient of (a) the liquidation preference of such shares of Preferred Stock as of the applicable conversion date, divided by (b) the conversion price as of the applicable conversion date, which will initially be $11.50 per share of Preferred Stock, plus cash in lieu of fractional shares. The initial conversion price of $11.50 per share of Preferred Stock is subject to customary adjustments for stock dividends, distributions or combinations, tender or exchange offers and issuances of shares of Common Stock below a specified price. The initial liquidation preference of the shares of Preferred Stock is $11.50.

Shares held indirectly by SG-Coffee, LLC ("SG-Coffee"). The Stephens Group, LLC ("The Stephens Group") is the sole manager of SG-Coffee and has voting and dispositive power over the shares held by SG-Coffee. Investment and voting decisions with respect to the shares beneficially owned by The Stephens Group are made by W.R. Stephens, Jr. and Elizabeth S. Campbell, acting as managers. Mr. Stephens and Ms. Campbell may be deemed to possess voting and dispositive control over the shares held by SG-Coffee.