Key facts
- This page summarizes RC III Portfolio Holdings LP's Form 3 filing for Driven Brands Holdings Inc. (DRVN).
- 0 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 26 Mar 2024, 17:00.
RC III Portfolio Holdings LP - 22 Mar 2024 Form 3 Insider Report for Driven Brands Holdings Inc. (DRVN)
- Reporting relationship
- Other*, 10%+ Owner
- Issuer ticker
- DRVN
- Reported as of
- 22 Mar 2024
- Net transaction value
- $0
- Reporting owner signature
- /s/ Stephen D. Aronson, Vice President, General Counsel and Secretary
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
RC III Portfolio Holdings LP filed Form 3 for Driven Brands Holdings Inc. (DRVN) on 26 Mar 2024.
Change
- No earlier filing in this sequence is available for direct comparison.
- 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
Official SEC source
View source filing
Ownership activity is grounded in SEC Form 3 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
DRVN
holding
Common Stock, par value $0.01 per share
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 68,832,571
- Date
- 22 Mar 2024
- Ownership
- See footnote
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
In connection with an internal reorganization of Roark's holding structure, Roark Capital Partners III AIV LP contributed for no consideration its interests in RC Driven Holdco LLC to RC III Portfolio Holdings LP, the general partner of which is Roark Capital GenPar III Cayman AIV Sub LLC.
Footnote F2
Consists of shares held directly by Driven Equity Sub LLC. Driven Equity Sub LLC is controlled by Driven Equity LLC, which is controlled by RC Driven Holdco LLC, which is controlled by RC III Portfolio Holdings LP, which is controlled by Roark Capital GenPar III Cayman AIV Sub LLC, which is in turn controlled by Roark Capital GenPar III LLC. Roark Capital GenPar III LLC is controlled by its managing member, Neal K. Aronson.
Footnote F3
Each of Driven Equity LLC, RC Driven Holdco LLC, RC III Portfolio Holdings LP, Roark Capital GenPar III Cayman AIV Sub LLC and Roark Capital GenPar III LLC (collectively with Driven Equity Sub LLC, the "Driven Equity Entities") and Mr. Aronson may be deemed to have voting and dispositive power with respect to the shares of common stock directly held by Driven Equity Sub LLC and therefore be deemed to be the beneficial owner of the common stock held by this entity, but each disclaims beneficial ownership of such shares of common stock except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that any such entity or person is the beneficial owner of or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
SEC remarks
The Driven Equity Entities are members of a 10% group with (i) Neal K. Aronson and (ii) RC IV Cayman ICW Holdings Sub LLC, RC IV Cayman ICW Holdings LLC, RC IV Cayman ICW Equity LLC, Roark Capital Partners IV Cayman AIV LP, Roark Capital GenPar IV Cayman AIV LP and Roark Capital GenPar IV Cayman AIV Ltd (the "RC IV Entities"). None of the shares of common stock held by Mr. Aronson and the RC IV Entities are reflected in this report.