The Ronald D Croatti Trust - 1993 - 14 Oct 2024 Form 4 Insider Report for UNIFIRST CORP (UNF)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
21 Nov 2024, 21:55:46 UTC
Prior SEC filing
12 Oct 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Erik Bello, Attorney-in-Fact

Key filing fact

The Ronald D Croatti Trust - 1993 filed Form 4 for UNIFIRST CORP (UNF) on 21 Nov 2024.

Key facts

  • This page summarizes The Ronald D Croatti Trust - 1993's Form 4 filing for UNIFIRST CORP (UNF).
  • 15 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 21 Nov 2024, 21:55.

Change

  • Previous filing in this sequence was filed on 12 Oct 2021.
  • Current net transaction value: -$6,166,929.

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.

UNF transaction

Common Stock

Conversion of derivative security

Transaction value
Shares
+31,860
Change %
Price
Shares after
31,860
Date
14 Oct 2024
Ownership
Direct
Footnotes
F1
UNF transaction

Common Stock

Sale

Transaction value
$520,702
Shares
-2,702
Change %
-8.5%
Price
$192.71
Shares after
29,158
Date
19 Nov 2024
Ownership
Direct
Footnotes
F2, F3
UNF transaction

Common Stock

Sale

Transaction value
$438,858
Shares
-2,268
Change %
-7.8%
Price
$193.50
Shares after
26,890
Date
19 Nov 2024
Ownership
Direct
Footnotes
F2, F4
UNF transaction

Common Stock

Sale

Transaction value
$572,241
Shares
-3,011
Change %
-11%
Price
$190.05
Shares after
23,879
Date
20 Nov 2024
Ownership
Direct
Footnotes
F2, F5
UNF transaction

Common Stock

Sale

Transaction value
$433,702
Shares
-2,272
Change %
-9.5%
Price
$190.89
Shares after
21,607
Date
20 Nov 2024
Ownership
Direct
Footnotes
F2, F6
UNF transaction

Common Stock

Sale

Transaction value
$808,272
Shares
-4,217
Change %
-20%
Price
$191.67
Shares after
17,390
Date
20 Nov 2024
Ownership
Direct
Footnotes
F2, F7
UNF transaction

Common Stock

Sale

Transaction value
$35,872
Shares
-187
Change %
-1.1%
Price
$191.83
Shares after
17,203
Date
21 Nov 2024
Ownership
Direct
Footnotes
F2, F8
UNF transaction

Common Stock

Sale

Transaction value
$236,051
Shares
-1,223
Change %
-7.1%
Price
$193.01
Shares after
15,980
Date
21 Nov 2024
Ownership
Direct
Footnotes
F2, F9
UNF transaction

Common Stock

Sale

Transaction value
$9,675
Shares
-50
Change %
-0.31%
Price
$193.50
Shares after
15,930
Date
21 Nov 2024
Ownership
Direct
Footnotes
F2
UNF transaction

Common Stock

Sale

Transaction value
$63,388
Shares
-329
Change %
-2.1%
Price
$192.67
Shares after
15,601
Date
21 Nov 2024
Ownership
Direct
Footnotes
F2, F10
UNF transaction

Common Stock

Sale

Transaction value
$584,066
Shares
-3,015
Change %
-19%
Price
$193.72
Shares after
12,586
Date
21 Nov 2024
Ownership
Direct
Footnotes
F2, F11
UNF transaction

Common Stock

Sale

Transaction value
$680,901
Shares
-3,497
Change %
-28%
Price
$194.71
Shares after
9,089
Date
21 Nov 2024
Ownership
Direct
Footnotes
F2, F12
UNF transaction

Common Stock

Sale

Transaction value
$1,016,462
Shares
-5,190
Change %
-57%
Price
$195.85
Shares after
3,899
Date
21 Nov 2024
Ownership
Direct
Footnotes
F2, F13
UNF transaction

Common Stock

Sale

Transaction value
$766,738
Shares
-3,899
Change %
-100%
Price
$196.65
Shares after
0
Date
21 Nov 2024
Ownership
Direct
Footnotes
F2, F14

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

UNF transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-31,860
Change %
-3.1%
Price
$0.000000
Shares after
1,003,874
Date
14 Oct 2024
Ownership
Direct
Underlying class
Common Stock ($0.10 par value)
Underlying amount
31,860
Exercise price
Footnotes
F1, F15
UNF holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,688,694
Date
14 Oct 2024
Ownership
By Partnership
Underlying class
Common Stock ($0.10 par value)
Underlying amount
1,688,694
Exercise price
Footnotes
F1, F16, F17, F18
* 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 18 footnotes

Footnote F1

Each share of Class B Common Stock is convertible at any time by the holder into one share of Common Stock. Each share of Class B Common Stock automatically converts into one share of Common Stock upon transfer to a recipient that is not a permitted transferee or upon termination of the Class B Common Stock, in each case in accordance with the terms of the charter of UniFirst Corporation.

Footnote F2

Represents shares sold pursuant to a trading plan intended to comply with Rule 10b5-1(c) and adopted on August 16, 2024.

Footnote F3

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $192.07 to $193.05, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Footnote F4

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $193.10 to $194.00, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Footnote F5

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $189.45 to $190.41, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Footnote F6

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $190.46 to $191.45, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Footnote F7

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $191.50 to $192.29, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Footnote F8

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $191.09 to $192.03, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Footnote F9

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $192.47 to $193.47, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Footnote F10

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $192.17 to $193.16, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Footnote F11

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $193.18 to $194.13, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Footnote F12

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $194.21 to $195.18, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Footnote F13

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $195.23 to $196.22, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Footnote F14

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $196.24 to $197.01, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Footnote F15

Represents shares owned directly by The Ronald D. Croatti Trust - 1993, of which Carol Croatti and Matthew Croatti are the trustees and Carol Croatti is the beneficiary.

Footnote F16

Includes 672,775 shares owned directly by The Queue Limited Partnership and 199 shares owned directly by Queue Management Associates, Inc. Queue Management Associates, Inc. is the general partner of The Queue Limited Partnership. The Ronald D. Croatti Trust 1993 (of which Carol Croatti and Matthew Croatti are the trustees and Carol Croatti is the beneficiary), Cynthia Croatti and Cecilia Levenstein are the sole shareholders of Queue Management Associates, Inc., and Carol Croatti, Cynthia Croatti and Cecelia Levenstein are the directors of Queue Management Associates, Inc.

Footnote F17

Includes 1,015,717 shares owned directly by The Red Cat Limited Partnership and 3 shares owned directly by Red Cat Management Associates, Inc. Red Cat Management Associates, Inc. is the general partner of The Red Cat Limited Partnership. The Ronald D. Croatti Trust - 1993 and Cynthia Croatti are the sole shareholders of Red Cat Management Associates, Inc. and Carol Croatti and Cynthia Croatti are the directors of Red Cat Management Associates, Inc.

Footnote F18

Each of the aforementioned reporting persons disclaims beneficial ownership of these reported securities, except to the extent of his, her or its pecuniary interest therein, if any, and this report shall not be deemed an admission that such persons are the beneficial owners of these securities for purposes of Section 16 or any other purpose.

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