Papazian Greg M. 4
4 · Yesway, Inc. · Filed Apr 28, 2026
Research Summary
AI-generated summary of this filing
Yesway (YSWY) Director Greg Papazian Receives Awards, Converts LLC Units
What Happened
Greg M. Papazian, a director of Yesway, Inc. (YSWY), received equity in two non‑cash transactions. On April 21, 2026 he acquired 22,954 Class A common shares in connection with the issuer’s reorganization related to its IPO, and a simultaneous derivative disposal shows 22,954 LLC membership units were surrendered/converted. On April 24, 2026 he was granted 7,000 restricted stock units (RSUs) — each RSU represents a contingent right to one Class A share. All reported items show $0 cash consideration.
Key Details
- Transaction dates and amounts:
- 2026-04-21: Acquired 22,954 Class A shares (grant/award); corresponding derivative disposal of 22,954 LLC Interests at $0.
- 2026-04-24: Awarded 7,000 RSUs at $0.
- Prices/values: all reported at $0 (awards/convertions, not open‑market purchases).
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes of note:
- F1: The 22,954 shares were received as part of the issuer’s reorganization in connection with its initial public offering; these securities were previously reported on a Form 3.
- F2: The 7,000 RSUs vest in equal installments on each of the first three anniversaries of the Registration Statement’s effectiveness.
- F3: The LLC membership units redeemed may be converted 1‑for‑1 into Class A shares (and related Class B shares are forfeited).
- Filing: Form 4 filed Apr 28, 2026 reporting transactions on Apr 21 and Apr 24. Timeliness of the filing (late or on time) is not indicated in the provided data.
Context
- The RSUs are restricted and vest over time (three annual installments), so they are a contingent right to future shares rather than immediately tradable stock.
- The derivative disposal reflects conversion/redeem of LLC membership units into common stock per the filing footnote, not a cash sale.
- These transactions are awards/conversions (non‑cash) rather than open‑market purchases or sales; they generally reflect equity compensation and structural reorganization items rather than a market trade.
Insider Transaction Report
Form 4
Yesway, Inc.YSWY
Papazian Greg M.
Director
Transactions
- Award
Class B Common Stock
[F1]2026-04-21+22,954→ 22,954 total - Award
Class A Common Stock
[F2]2026-04-24+7,000→ 7,000 total - Award
LLC Interests
[F3][F1]2026-04-21−22,954→ 22,954 total→ Class A Common Stock (22,954 underlying)
Footnotes (3)
- [F1]Represents securities received as part of the Issuer's reorganization in connection with its initial public offering, as described in the registration statement on Form S-1 relating to the initial public offering (the "Registration Statement"). These securities were previously reported on a Form 3 filed by the Reporting Person.
- [F2]Represents an award of restricted stock units (the "RSUs"), each of which represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs will vest in equal installments on each of the first three anniversaries of the date of effectiveness of the Registration Statement.
- [F3]The membership units of BW Ultimate Parent, LLC (the "LLC Interests") may be redeemed by the Reporting Person at any time at the option of the holder for shares of Class A Common Stock on a 1-to-1 basis, and a corresponding number of shares of Class B Common Stock will be forfeited in connection with the redemption. The LLC Interests have no expiration date.
Signature
/s/ Thomas N. Trkla, Attorney-in-fact for Greg M. Papazian|2026-04-28