4//SEC Filing
BRAMSON EDWARD J 4
Accession 0000921895-24-002432
CIK 0001593538other
Filed
Oct 31, 8:00 PM ET
Accepted
Nov 1, 4:36 PM ET
Size
18.8 KB
Accession
0000921895-24-002432
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
Sherborne Investors GP, LLC
10% Owner
Transactions
- Other
Common Stock
2024-10-31−29,449,997→ 0 total(indirect: By LLC)
Transactions
- Other
Common Stock
2024-10-31−29,449,997→ 0 total(indirect: By LLC)
BRAMSON EDWARD J
10% Owner
Transactions
- Other
Common Stock
2024-10-31−29,449,997→ 0 total(indirect: By LLC)
Newbury Investors LLC
10% Owner
Transactions
- Other
Common Stock
2024-10-31−29,449,997→ 0 total(indirect: By LLC)
Sherborne Investors LP
10% Owner
Transactions
- Other
Common Stock
2024-10-31−29,449,997→ 0 total(indirect: By LLC)
Sherborne Investors Master GP, LLC
10% Owner
Transactions
- Other
Common Stock
2024-10-31−29,449,997→ 0 total(indirect: By LLC)
Sherborne Investors Management LP
10% Owner
Transactions
- Other
Common Stock
2024-10-31−29,449,997→ 0 total(indirect: By LLC)
Welker Stephen
10% Owner
Transactions
- Other
Common Stock
2024-10-31−29,449,997→ 0 total(indirect: By LLC)
Footnotes (4)
- [F1]This Form 4 is filed jointly by Newbury Investors LLC ("Newbury Investors"), Sherborne Investors LP ("Sherborne Investors LP"), Sherborne Investors Master GP, LLC ("Sherborne Investors Master"), Sherborne Investors Management LP ("Sherborne Investors Management"), Sherborne Investors GP, LLC ("Sherborne GP"), Sherborne Investors Management GP, LLC ("Sherborne Management GP"), Edward Bramson and Stephen Welker (collectively, the "Reporting Persons").
- [F2]Each Reporting Person may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
- [F3]Represents a distribution to a member in connection with an internal restructuring and without the payment of any consideration.
- [F4]Shares of Common Stock were previously directly owned by Newbury Investors. Each of Sherborne Investors LP, as the sole member of Sherborne Investors Master, Sherborne Investors Master, as the managing member of Newbury Investors, Sherborne Investors Management, as the investment manager of Newbury Investors, Sherborne GP, as the general partner of Sherborne Investors LP, Sherborne Management GP, as the general partner of Sherborne Investors Management, and Messrs. Bramson and Welker, as managing directors of each of Sherborne Management GP and Sherborne GP, may be deemed to be the beneficial owner of shares of Common Stock directly owned by Newbury Investors.
Documents
Issuer
NAVIENT CORP
CIK 0001593538
Entity typeother
IncorporatedNY
Related Parties
1- filerCIK 0001016268
Filing Metadata
- Form type
- 4
- Filed
- Oct 31, 8:00 PM ET
- Accepted
- Nov 1, 4:36 PM ET
- Size
- 18.8 KB