John C. Bumgarner Jr. - 06 Dec 2024 Form 4 Insider Report for Enviva, LLC

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
10 Dec 2024, 20:43:13 UTC
Prior SEC filing
02 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jason E. Paral, as attorney-in-fact for John C. Bumgarner, Jr.

Key filing fact

John C. Bumgarner Jr. filed Form 4 for Enviva, LLC on 10 Dec 2024.

Key facts

  • This page summarizes John C. Bumgarner Jr.'s Form 4 filing for Enviva, LLC.
  • 4 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 10 Dec 2024, 20:43.

Change

  • Previous filing in this sequence was filed on 02 Feb 2024.
  • Current net transaction value: +$929,214.

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.

EVVAQ transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-432,459
Change %
-100%
Price
Shares after
0
Date
06 Dec 2024
Ownership
Direct
Footnotes
F1, F2
EVVAQ transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-165,928
Change %
-100%
Price
Shares after
0
Date
06 Dec 2024
Ownership
By Bumgarner Family Trust
Footnotes
F1, F2
EVVAQ transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-53,036
Change %
-100%
Price
Shares after
0
Date
06 Dec 2024
Ownership
By 21st Century, LLC
Footnotes
F1, F2
EVVAQ transaction

Common Stock

Award

Transaction value
$929,214
Shares
+104,172
Change %
Price
$8.92
Shares after
104,172
Date
06 Dec 2024
Ownership
By 21st Century, LLC
Footnotes
F1, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

John C. Bumgarner Jr. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

On March 12, 2024, Enviva Inc., a Delaware corporation (the "Issuer") and certain subsidiaries of the Issuer (collectively, the "Debtors") filed voluntary petitions for reorganization under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Eastern District of Virginia (the "Bankruptcy Court"). The Issuer also filed motions with the Bankruptcy Court seeking joint administration of the Debtors' cases under the caption In re Enviva Inc., et al., Case No. 24-10453 (the "Chapter 11 Cases"). On November 14, 2024, the Bankruptcy Court entered an order confirming the Debtors' Amended and Restated Joint Chapter 11 Plan of Reorganization of Enviva Inc. and Its Debtor Affiliates, dated as of October 4, 2024 (the "Plan"), and on December 6, 2024 (the "Effective Date"), the Plan became effective in accordance with its terms, and the Debtors emerged from the Chapter 11 Cases.

Footnote F2

On the Effective Date, pursuant to the terms of the Plan, the Issuer's common stock, including any options, warrants, restricted stock units, and any other rights or agreements to acquire such common stock, outstanding immediately before the Effective Date was canceled, released, discharged, and extinguished.

Footnote F3

On the Effective Date, in accordance with the Plan, the Issuer issued 104,172 shares of the Issuer's common stock to the Reporting Person in exchange for certain of their DIP Tranche A Claims (as defined by the Plan) at a price of $8.92 per share pursuant to the terms of the Debtor-In-Possession Credit and Note Purchase Agreement, dated as of March 15, 2024, by and among the Issuer, the DIP Creditors party thereto, Seaport Loan Products LLC, as Co-Administrative Agent, and Acquiom Agency Services LLC, as Co-Administrative Agent and Collateral Agent.

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