Alexander Ralph 4/A
4/A · Enviva Inc. · Filed Mar 23, 2023
Insider Transaction Report
Form 4/AAmended
Enviva Inc.EVA
Alexander Ralph
Director
Transactions
- Award
Series A Preferred Stock
2023-03-01$37.71/sh+2,651$99,969→ 2,651 total(indirect: By Trust)Exercise: $37.71→ Common Stock (2,651 underlying)
Footnotes (3)
- [F1]On March 3, 2023, the Reporting Person filed a Form 4 relating to the purchase of Series A Preferred Stock ("Preferred Shares") of Enviva Inc. (the "Issuer") pursuant to a subscription agreement by and between the Issuer and the Reporting Person, dated February 28, 2023 (the "Subscription Agreement"). On March 22, 2023, the Issuer and the Reporting Person entered into an amendment to the Subscription Agreement, prior to the issuance of the Preferred Shares, amending the number of Preferred Shares of the Issuer to be purchased by the Reporting Person. As such, this amended Form 4 is being filed to amend the number of Preferred Shares agreed to be purchased by the Reporting Person.
- [F2]Each Preferred Share is convertible into one share of Common Stock of the Issuer, subject to adjustment for any stock dividends, splits, combinations, and similar events.
- [F3]The conversion of the Preferred Shares to shares of Common Stock of the Issuer is subject to and will occur automatically upon stockholder approval of a proposal to issue Common Stock upon conversion of the Preferred Shares for purposes of Rule 312.03 of the New York Stock Exchange Listed Company Manual.