Coliseum Capital Management, LLC - 10 Jan 2025 Form 4 Insider Report for ModivCare Inc (MODV)

Reporting relationship: 10%+ Owner
Issuer ticker: MODV
Reported as of: 10 Jan 2025
Net transaction value: +$9,995,856
SEC form: 4
Accepted by SEC: 14 Jan 2025, 19:32:58 UTC
Prior SEC filing: 30 Dec 2024
Next SEC filing: 11 Feb 2025
Source filing: View source filing
Reporting owner signature: Coliseum Capital Management, LLC, By: /s/ Chivonne Cassar, Attorney-in-fact

Key filing fact

Coliseum Capital Management, LLC filed Form 4 for ModivCare Inc (MODV) on 14 Jan 2025.

Key facts

This page summarizes Coliseum Capital Management, LLC's Form 4 filing for ModivCare Inc (MODV).
5 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 14 Jan 2025, 19:32.

Change

Previous filing in this sequence was filed on 30 Dec 2024.
Current net transaction value: +$9,995,856.

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.

MODV transaction

Common Stock, par value $0.001 per share ("Common Stock")

Purchase

Transaction value: $3,905,106
Shares: +573,437
Change %: +19%
Price: $6.81
Shares after: 3,556,188
Date: 10 Jan 2025
Ownership: See Footnotes
Footnotes: F1, F2, F3

MODV transaction

Common Stock

Purchase

Transaction value: $951,075
Shares: +120,237
Change %: +3.4%
Price: $7.91
Shares after: 3,676,425
Date: 10 Jan 2025
Ownership: See Footnotes
Footnotes: F2, F3, F4

MODV transaction

Common Stock

Purchase

Transaction value: $231,406
Shares: +26,326
Change %: +0.72%
Price: $8.79
Shares after: 3,702,751
Date: 10 Jan 2025
Ownership: See Footnotes
Footnotes: F2, F3, F5

MODV transaction

Common Stock

Purchase

Transaction value: $2,967,600
Shares: +452,378
Change %: +12%
Price: $6.56
Shares after: 4,155,129
Date: 13 Jan 2025
Ownership: See Footnotes
Footnotes: F2, F3, F6

MODV transaction

Common Stock

Purchase

Transaction value: $1,940,670
Shares: +330,046
Change %: +7.9%
Price: $5.88
Shares after: 4,485,175
Date: 14 Jan 2025
Ownership: See Footnotes
Footnotes: F2, F3, F7

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.54 to $7.53, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Footnote F2

The Common Stock is held directly by (a) Coliseum Capital Partners, L.P. ("CCP"), an investment limited partnership of which Coliseum Capital, LLC, a Delaware limited liability company ("CC"), is general partner and for which Coliseum Capital Management, LLC, a Delaware limited liability company ("CCM"), serves as investment adviser, (b) Coliseum Capital Partners II, L.P. ("CCP2"), an investment limited partnership of which CC is general partner and for which CCM serves as investment adviser and (c) a separate account investment advisory client of CCM (the "Separate Account"; collectively with CCP and CCP2, the "Holders").

Footnote F3

Christopher Shackelton ("Shackelton") and Adam Gray ("Gray") are managers of and have an ownership interest in each of CCM and CC and may be deemed to have an indirect pecuniary interest in the securities held by the CCP, CCP2 and the Separate Account due to CCM's right to receive performance-related fees from the Separate Account and CC's right to receive performance-related fees from CCP and CCP2. Each of Shackelton, Gray, CCP, CCP2, the Separate Account, CC, and CCM disclaims beneficial ownership of these securities except to the extent of that person's pecuniary interest therein.

Footnote F4

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.53 to $8.52, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Footnote F5

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.59 to $9.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Footnote F6

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.34 to $6.75, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Footnote F7

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.55 to $6.35, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.