Enovis CORP - 18 Nov 2022 Form 4 Insider Report for ESAB Corp (ESAB)

Reporting relationship: 10%+ Owner
Issuer ticker: ESAB
Reported as of: 18 Nov 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 18 Nov 2022, 19:00:11 UTC
Prior SEC filing: 07 Apr 2022
Source filing: View source filing
Reporting owner signature: /s/ Brian P. Hanigan, Vice President and Corporate Secretary

Key filing fact

Enovis CORP filed Form 4 for ESAB Corp (ESAB) on 18 Nov 2022.

Key facts

This page summarizes Enovis CORP's Form 4 filing for ESAB Corp (ESAB).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 18 Nov 2022, 19:00.

Change

Previous filing in this sequence was filed on 07 Apr 2022.
Current net transaction value: $0.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ESAB transaction

Common stock, par value $0.001

Other

Transaction value
Shares: -6,003,431
Change %: -100%
Price
Shares after: 0
Date: 18 Nov 2022
Ownership: Direct
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Enovis CORP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Pursuant to a Debt-for-Equity Exchange Agreement (the "Agreement"), dated as of November 15, 2022, by and among the reporting person, the issuer and Goldman Sachs and Co. LLC (the "Investment Entity"), the reporting person exchanged 6,003,431 shares of the issuer's common stock and a cash payment for certain indebtedness of the reporting person then owned by the Investment Entity (the "Exchange"), with the amount of such cash payment equal to the accrued interest under such indebtedness as of the Exchange.

Footnote F2

The Agreement placed a value on the issuer's common stock for purposes of the Exchange of $38.40 per share.