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Yesway, Inc.·4

Apr 28, 4:17 PM ET

Papazian Greg M. 4

Research Summary

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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.