Stefan L. Shaffer - Aug 9, 2022 Form 4 Insider Report for Construction Partners, Inc. (ROAD)

Role
Director
Signature
/s/ Stefan L. Shaffer
Stock symbol
ROAD
Transactions as of
Aug 9, 2022
Transactions value $
-$222,674
Form type
4
Date filed
8/10/2022, 04:19 PM
Previous filing
Jan 10, 2022
Next filing
May 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROAD Class A Common Stock Sale -$223K -7.7K -13.95% $28.93 47.5K Aug 9, 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction represents an open market sale of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer"), a portion of the net proceeds of which was used to pay income taxes resulting from the vesting of restricted shares of Class A common stock previously granted to the reporting person under the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Incentive Plan").
F2 The reported purchase price represents the weighted average purchase price for a number of transactions effected at prices ranging from $28.86 to $28.99, inclusive. The reporting person has provided to the Issuer, and undertakes to provide upon request to the SEC staff, or any security holder of the Issuer, information regarding the number of shares sold at each separate price within the range.
F3 Includes 17,000 restricted shares of Class A common stock previously 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.