Rainko Kelly 4
4 · Weber Inc. · Filed Aug 23, 2021
Insider Transaction Report
Form 4
Weber Inc.WEBR
Rainko Kelly
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2021-08-19$13.30/sh−583$7,754→ 152,659 total(indirect: By Trust) - Disposition to Issuer
Class B Common Stock
2021-08-19−3,199→ 838,155 total(indirect: By Trust) - Disposition to Issuer
LLC Units in Weber HoldCo LLC
2021-08-19$13.30/sh−3,199$42,547→ 838,155 total(indirect: By Trust)→ Class A Common Stock (3,199 underlying)
Footnotes (2)
- [F1]Reflects shares of Class B Common Stock of the issuer (the "Class B Common Stock") and common units of Weber HoldCo LLC (the "LLC Units") held by the reporting person. The reporting person may require Weber HoldCo LLC to redeem the LLC Units for newly issued shares of the issuer's Class A common stock ("Class A Common Stock") on a one-for-one basis (at which time, a corresponding number of shares of Class B Common Stock will also be cancelled on a one-for-one basis) or, at the issuer's election, an equivalent cash payment. The LLC Units were received by the holder in the reorganization transactions effected in connection with the issuer's initial public offering in replacement of historical units of a predecessor entity. The LLC Units do not expire.
- [F2]While the reporting person may normally require Weber HoldCo LLC to redeem the LLC Units for newly issued shares of Class A Common Stock on a one-for-one basis (at which time, a corresponding number of shares of Class B Common Stock will also be cancelled on a one-for-one basis) or, at the issuer's election, an equivalent cash payment, in this case, LLC Units were disposed of directly to the issuer (with the cancellation of a corresponding number of shares of Class B Common Stock on a one-for-one basis).