Michael H. McKay - May 22, 2024 Form 4 Insider Report for Construction Partners, Inc. (ROAD)

Role
Director
Signature
/s/ Michael H. McKay
Stock symbol
ROAD
Transactions as of
May 22, 2024
Transactions value $
$0
Form type
4
Date filed
5/24/2024, 04:16 PM
Previous filing
Jan 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROAD Class A Common Stock Disposed to Issuer $0 -33.1K -62.9% $0.00 19.5K May 22, 2024 By Michael H. McKay Trust F1, F2
holding ROAD Class A Common Stock 5.67K May 22, 2024 Direct F3

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 Award $0 +33.1K +82.55% $0.00 73.2K May 22, 2024 Class A Common Stock 33.1K By Michael H. McKay Trust F2, F4, F5, F6
* 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(e) promulgated thereunder.
F2 The reported shares are held by a trust for which the reporting person serves as sole trustee, and in such capacity shares the power to vote and direct the disposition of such shares.
F3 Represents restricted shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") previously granted to the reporting person under the Construction Partners, Inc. 2018 Equity Incentive Plan that will vest on January 1, 2025.
F4 Each share of Class B common stock, par value $0.001 ("Class B common stock"), of the Issuer 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 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.
F5 This transaction was exempt from Section 16(b) of the Exchange Act pursuant to Rule 16b-3(d) promulgated thereunder.
F6 Includes 4,692 previously unreported shares of Class B common stock received by the reporting person in a June 2023 pro rata distribution of shares for no consideration from a limited partnership in which the reporting person is a limited partner.