Ayles Ericka L. 4

What Happened

• Ericka L. Ayles, Yesway’s Chief Financial Officer and Treasurer, received equity awards totaling 515,656 units in filings dated April 21–24, 2026. The filings show:
  • Apr 21, 2026 — 83,656 shares received (reported with footnote F1 as securities from the issuer’s reorganization in connection with the IPO).
  • Apr 21, 2026 — 83,656 derivative disposed at $0.00 (reported as a derivative disposal; see F5 re: LLC interests).
  • Apr 24, 2026 — two separate awards of 216,000 shares each (both reported at $0.00; one represents RSUs per F2 and one represents PSUs per F3).
• All awards are reported at $0.00 (no cash paid). These are grants/awards (not open‑market purchases or sales) and are typically part of compensation/IPO reorganization.

Key Details

• Transaction dates/prices:
  • 2026-04-21: Acquisition 83,656 (F1); Derivative disposal 83,656 @ $0.00 (F5).
  • 2026-04-24: Two awards of 216,000 each @ $0.00 (F2, F3).
• Shares acquired total (per filing): 515,656 shares (sum of reported awards).
• Shares owned after transaction: Not specified in the summary provided here — see the full Form 4 for the reporting person’s post-transaction holdings.
• Notable footnotes:
  • F1: Securities received in issuer reorganization tied to the IPO (previously reported on Form 3).
  • F2: RSUs — vest in equal installments on each of the first three anniversaries of the registration statement effectiveness.
  • F3/F4: PSUs — performance- and time-based vesting (50% at 1.5x price hurdle or 2nd anniversary, 50% at 2.0x or 3rd anniversary); unvested PSUs forfeit after 5 years if conditions unmet.
  • F5: LLC membership units are redeemable 1:1 for Class A shares; related derivative reporting may reflect such redemption/conversion.
• Filing timeliness: Period of report is 2026-04-21; Form 4 filed 2026-04-28 — marked late. Late Form 4s can lead to disclosure delays and potential SEC/market scrutiny.

Context

• These entries are equity awards tied to compensation and IPO reorganization rather than open‑market buying/selling; they do not necessarily indicate immediate bullish or bearish trading by the insider.
• RSUs will vest over time; PSUs vest only if performance/time conditions are met (and may be forfeited if conditions are not met by specified deadlines). The derivative disposal likely relates to conversion/redemption mechanics for LLC interests rather than a sale for cash.