Michael H. McKay - Jan 7, 2022 Form 4 Insider Report for Construction Partners, Inc. (ROAD)

Role: Director
Signature: /s/ R. Alan Palmer, attorney-in-fact
Stock symbol: ROAD
Transactions as of: Jan 7, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/10/2022, 03:25 PM
Next filing: May 24, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ROAD	Class A Common Stock	Award	$0	+17K	+41.17%	$0.00	58.3K	Jan 7, 2022	Direct	F1, F2

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	ROAD	Class B Common Stock						35.4K	Jan 7, 2022	Class A Common Stock	35.4K		Direct	F3

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

Explanation of Responses:

Id	Content
F1	Represents restricted shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Company") granted to the reporting person under the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Incentive Plan"), of which 11,333 shares will vest on January 1, 2024 and 5,667 shares will vest on January 1, 2025.
F2	Includes 17,000 restricted shares of Class A common stock granted to the reporting person under the Incentive Plan, of which 11,333 shares will vest on January 1, 2024, and 5,667 shares will vest on January 1, 2025. Also includes 3,099 previously unreported shares of Class A common stock received by the reporting person in a December 2021 pro rata distribution of shares for no consideration from a limited partnership in which the reporting person is a limited partner.
F3	Each share of Class B common stock, $0.001 par value ("Class B common stock"), of the Company is convertible into one share of Class A common stock (i) at any time at the option of the holder or (ii) upon any transfer, except for certain transfers described in the Company's amended and restated certificate of incorporation. In addition, upon the election of the holders of a majority of the then-outstanding shares of Class B common stock, all outstanding shares of Class B common stock will be converted into shares of Class A common stock. The holders of Class A common stock and Class B common stock vote as a single class on all matters submitted to a vote of stockholders. The holders of Class A common stock are entitled to one vote per share, and the holders of the Class B common stock are entitled to 10 votes per share. The shares of Class B common stock do not expire.