Justin A. Gannon - Jul 21, 2023 Form 4 Insider Report for CrossAmerica Partners LP (CAPL)

Role
Director
Signature
/s/ Christina Casey-Best as Attorney in Fact for Justin A. Gannon
Stock symbol
CAPL
Transactions as of
Jul 21, 2023
Transactions value $
$0
Form type
4
Date filed
7/24/2023, 02:27 PM
Previous filing
May 18, 2023
Next filing
Jul 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAPL Common Units Options Exercise +3.04K +11.55% 29.4K Jul 21, 2023 Direct F1

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 CAPL Phantom Units Options Exercise -3.04K -100% 0 Jul 21, 2023 Common Units 0 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit was the economic equivalent of one common unit ("Common Unit") representing a limited partner interest in CrossAmerica Partners LP (the "Issuer"). The reporting person acquired Common Units upon vesting of the phantom units.
F2 Phantom units vested on July 21, 2023 and were converted into Common Units at the discretion of the Issuer.