Key facts
- This page summarizes John W. Stephens's Form 4 filing for Core & Main, Inc. (CNM).
- 6 reported transactions and 4 derivative rows are listed below.
- Accepted by SEC: 04 Apr 2025, 16:28.
John W. Stephens - 02 Apr 2025 Form 4 Insider Report for Core & Main, Inc. (CNM)
- Reporting relationship
- Chief Accounting Officer
- Issuer ticker
- CNM
- Reported as of
- 02 Apr 2025
- Net transaction value
- -$2,118,460
- SEC form
- 4
- Accepted by SEC
- 04 Apr 2025, 16:28:51 UTC
- Prior SEC filing
- 17 Mar 2025
- Next SEC filing
- 30 Apr 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Mark Whittenburg, as Attorney-in-Fact for John W. Stephens
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
John W. Stephens filed Form 4 for Core & Main, Inc. (CNM) on 04 Apr 2025.
Change
- Previous filing in this sequence was filed on 17 Mar 2025.
- Current net transaction value: -$2,118,460.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CNM
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +41,963
- Change %
- +1019%
- Price
- $0.000000
- Shares after
- 46,083
- Date
- 02 Apr 2025
- Ownership
- Direct
- Footnotes
- F1, F2
CNM
transaction
Class A Common Stock
Sale
- Transaction value
- $2,118,460
- Shares
- -41,963
- Change %
- -91%
- Price
- $50.48
- Shares after
- 4,120
- Date
- 02 Apr 2025
- Ownership
- Direct
- Footnotes
- F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CNM
transaction
Derivative
Class B Common Stock and Limited Partnership Interests
Other
- Transaction value
- $0
- Shares
- -41,963
- Change %
- -25%
- Price
- $0.000000
- Shares after
- 126,049
- Date
- 02 Apr 2025
- Ownership
- By LLC
- Underlying class
- Class A Common Stock
- Underlying amount
- 41,963
- Exercise price
- Footnotes
- F2, F5, F6
CNM
transaction
Derivative
Class B Common Stock and Limited Partnership Interests
Other
- Transaction value
- $0
- Shares
- +41,963
- Change %
- Price
- $0.000000
- Shares after
- 41,963
- Date
- 02 Apr 2025
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 41,963
- Exercise price
- Footnotes
- F2, F5
CNM
transaction
Derivative
Class B Common Stock and Limited Partnership Interests
Conversion of derivative security
- Transaction value
- $0
- Shares
- -41,963
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 02 Apr 2025
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 41,963
- Exercise price
- Footnotes
- F1, F5
CNM
transaction
Derivative
Class B Common Stock and Limited Partnership Interests
Tax liability
- Transaction value
- $0
- Shares
- -4,085
- Change %
- -3.2%
- Price
- $0.000000
- Shares after
- 121,964
- Date
- 02 Apr 2025
- Ownership
- By LLC
- Underlying class
- Class A Common Stock
- Underlying amount
- 4,085
- Exercise price
- Footnotes
- F5, F6, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 7 footnotes
Footnote F1
On April 2, 2025, pursuant to the terms of an exchange agreement, dated as of July 22, 2021 (as amended, the "Exchange Agreement"), 41,963 shares of Class B common stock of the Issuer ("Class B common stock") and limited partnership interests of Core & Main Holdings, LP (together, a "Paired Interest") were exchanged for shares of Class A common stock of the Issuer ("Class A common stock"), on a one-for-one basis.
Footnote F2
On April 2, 2025, pursuant to the terms of the Fourth Amended and Restated LLC Agreement of Core & Main Management Feeder, LLC ("Management Feeder"), dated as of February 13, 2024 (as amended, the "LLC Agreement"), 41,963 vested common units ("Units") held directly by the reporting person were redeemed at the discretion of the reporting person for 41,963 Paired Interests.
Footnote F3
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 18, 2024.
Footnote F4
The price reported represents the weighted average price of shares of Class A common stock sold in multiple transactions at prices ranging from $50.0000 to $50.8900 per share. The reporting person will provide to the Issuer, or the Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range.
Footnote F5
Pursuant to the terms of the Exchange Agreement, Paired Interests are exchangeable at the discretion of the reporting person for shares of Class A common stock on a one-for-one basis or, at the election of a majority of the disinterested members of the Issuer's board of directors, for cash from a substantially concurrent public offering or private sale (based on the price of Class A common stock sold in such public offering or private sale, net of any underwriting discounts and commissions, for each limited partnership interest exchanged, subject to certain exceptions, conditions and adjustments). The Class B common stock and limited partnership interests have no expiration date.
Footnote F6
Represents securities held by Management Feeder in respect of Units directly held by the reporting person. Pursuant to the LLC Agreement, such vested Units held by the reporting person are redeemable at the discretion of the reporting person for Paired Interests, on a one-for-one basis.
Footnote F7
Represents Units withheld by the Issuer for distributions in excess of reporting person's pro rata share pursuant to the terms of the Exchange Agreement.