Charles E. Owens - May 22, 2024 Form 4 Insider Report for Construction Partners, Inc. (ROAD)

Role: Director
Signature: /s/ Charles E. Owens
Stock symbol: ROAD
Transactions as of: May 22, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/24/2024, 04:15 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ROAD	Class A Common Stock	Award	$0	+250K		$0.00	250K	May 22, 2024	By Grace, Ltd.	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
transaction	ROAD	Class B Common Stock	Disposed to Issuer	$0	-250K	-20%	$0.00	1M	May 22, 2024	Class A Common Stock	250K		By Grace, Ltd.	F2, F3, F4
holding	ROAD	Class B Common Stock						6.78K	May 22, 2024	Class A Common Stock	6.78K		Direct	F3, F5

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

Explanation of Responses:

Id	Content
F1	This transaction was exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") pursuant to Rule 16b-3(d) promulgated thereunder.
F2	The reported shares are held by Grace, Ltd., an Alabama limited partnership, for which the reporting person serves as general partner, and in such capacity holds the sole power to vote and direct the disposition of such shares.
F3	Each share of Class B common stock, $0.001 par value ("Class B common stock"), of Construction Partners, Inc. (the "Issuer") is convertible into one share of Class A common stock, $0.001 par value ("Class A common stock") of the Issuer (i) at any time at the option of the holder or (ii) upon any transfer, except for certain transfers described in the Issuer'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.
F4	This transaction was exempt from Section 16(b) of the Exchange Act pursuant to Rule 16b-3(e) promulgated thereunder.
F5	Represents previously unreported shares of Class B common stock received by the reporting person in November 2021 and June 2023 in connection with pro rata distributions of shares for no consideration from a limited partnership in which the reporting person is a limited partner.