4//SEC Filing
Bain Capital Partners XII, LLC 4
Accession 0001193125-25-278400
CIK 0000820318other
Filed
Nov 11, 7:00 PM ET
Accepted
Nov 12, 8:59 PM ET
Size
24.7 KB
Accession
0001193125-25-278400
Insider Transaction Report
Form 4
COHERENT CORP.COHR
Bain Capital Fund XII, LP
10% Owner
Transactions
- Sale
Common Stock
2025-11-07$143.37/sh−7,500,000$1,075,275,000→ 254,252 total(indirect: See footnotes) - Other
Common Stock
2025-11-10−254,252→ 0 total(indirect: See footnotes) - Conversion
Common Stock
2025-11-07+7,754,252→ 7,754,252 total(indirect: See footnotes) - Conversion
Series B-1 Convertible Preferred Stock
2025-11-07−54,023→ 20,977 total(indirect: See footnotes)→ Common Stock (7,754,252 underlying)
Bain Capital Partners XII, LLC
10% Owner
Transactions
- Conversion
Common Stock
2025-11-07+7,754,252→ 7,754,252 total(indirect: See footnotes) - Sale
Common Stock
2025-11-07$143.37/sh−7,500,000$1,075,275,000→ 254,252 total(indirect: See footnotes) - Conversion
Series B-1 Convertible Preferred Stock
2025-11-07−54,023→ 20,977 total(indirect: See footnotes)→ Common Stock (7,754,252 underlying) - Other
Common Stock
2025-11-10−254,252→ 0 total(indirect: See footnotes)
BAIN CAPITAL INVESTORS LLC
10% Owner
Transactions
- Conversion
Series B-1 Convertible Preferred Stock
2025-11-07−54,023→ 20,977 total(indirect: See footnotes)→ Common Stock (7,754,252 underlying) - Conversion
Common Stock
2025-11-07+7,754,252→ 7,754,252 total(indirect: See footnotes) - Sale
Common Stock
2025-11-07$143.37/sh−7,500,000$1,075,275,000→ 254,252 total(indirect: See footnotes) - Other
Common Stock
2025-11-10−254,252→ 0 total(indirect: See footnotes)
BCPE Watson (DE) BML, LP
10% Owner
Transactions
- Conversion
Common Stock
2025-11-07+7,754,252→ 7,754,252 total(indirect: See footnotes) - Conversion
Series B-1 Convertible Preferred Stock
2025-11-07−54,023→ 20,977 total(indirect: See footnotes)→ Common Stock (7,754,252 underlying) - Sale
Common Stock
2025-11-07$143.37/sh−7,500,000$1,075,275,000→ 254,252 total(indirect: See footnotes) - Other
Common Stock
2025-11-10−254,252→ 0 total(indirect: See footnotes)
BCPE Watson (DE) Aggregator, LP
10% Owner
Transactions
- Sale
Common Stock
2025-11-07$143.37/sh−7,500,000$1,075,275,000→ 254,252 total(indirect: See footnotes) - Other
Common Stock
2025-11-10−254,252→ 0 total(indirect: See footnotes) - Conversion
Common Stock
2025-11-07+7,754,252→ 7,754,252 total(indirect: See footnotes) - Conversion
Series B-1 Convertible Preferred Stock
2025-11-07−54,023→ 20,977 total(indirect: See footnotes)→ Common Stock (7,754,252 underlying)
BCPE Watson (DE) BML GP, LLC
10% Owner
Transactions
- Other
Common Stock
2025-11-10−254,252→ 0 total(indirect: See footnotes) - Conversion
Common Stock
2025-11-07+7,754,252→ 7,754,252 total(indirect: See footnotes) - Sale
Common Stock
2025-11-07$143.37/sh−7,500,000$1,075,275,000→ 254,252 total(indirect: See footnotes) - Conversion
Series B-1 Convertible Preferred Stock
2025-11-07−54,023→ 20,977 total(indirect: See footnotes)→ Common Stock (7,754,252 underlying)
BCPE Watson (DE) Aggregator GP, LLC
10% Owner
Transactions
- Conversion
Common Stock
2025-11-07+7,754,252→ 7,754,252 total(indirect: See footnotes) - Other
Common Stock
2025-11-10−254,252→ 0 total(indirect: See footnotes) - Sale
Common Stock
2025-11-07$143.37/sh−7,500,000$1,075,275,000→ 254,252 total(indirect: See footnotes) - Conversion
Series B-1 Convertible Preferred Stock
2025-11-07−54,023→ 20,977 total(indirect: See footnotes)→ Common Stock (7,754,252 underlying)
Footnotes (6)
- [F1]On November 7, 2025, the Reporting Persons converted 54,023 shares of Series B-1 Convertible Preferred Stock ("Series B-1 Preferred Stock" and, together with the Series B-2 Convertible Preferred Stock, the "Series B Preferred Stock") into 7,754,253 shares of Common Stock. Series B-1 Preferred Stock was issued on March 31, 2021 pursuant to the Statement with Respect to Shares setting forth the terms of the Series B Convertible Preferred Stock filed with the Pennsylvania Department of State Corporations Bureau and effective March 30, 2021 (the "Statement with Respect to Shares"). Subject to adjustments set forth in the Statement with Respect to Shares, from the issuance date of such share, dividends accrue daily on the applicable stated value of each share of the Series B Preferred Stock at 5% per annum with an initial stated value of $10,000 per share.
- [F2]Until the fourth anniversary of the applicable issuance date, all dividend payments are compounded and added to the applicable stated value on a quarterly basis (a "PIK Dividend"). Following the fourth anniversary of the applicable issuance date, dividends will be payable in the form of, at the Issuer's sole discretion, (i) cash, (ii) a PIK Dividend or (iii) any combination of both. Commencing on July 1, 2022, each share of Series B Preferred Stock became convertible, at the option of the holder, into a number of shares of the Issuer's common stock equal to the then-applicable stated value divided by the then-applicable conversion price. The conversion price of the Series B Preferred Stock is initially $85.00 per share, subject to adjustments set forth in the Statement with Respect to Shares.
- [F3]In addition, at any time after the third anniversary of the applicable issuance date, if the closing sale price of the Issuer's common stock exceeds 150% of the then-applicable conversion price for 20 trading days in any 30 consecutive trading day period, the Issuer may elect to convert all of the shares of the applicable series of Series B Preferred Stock into a number of shares of the Issuer's common stock equal to the then-applicable stated value divided by the then-applicable conversion price in accordance with the Statement with Respect to Shares.
- [F4]Directly held by BCPE Watson (DE) BML, LP ("BML"). BCPE Watson (DE) BML GP, LLC ("BML GP") is the general partner of BML. As a result, BML GP may be deemed to share voting and dispositive power with respect to the securities held by BML. BML GP disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest therein.
- [F5]Bain Capital Investors, LLC ("BCI") is the manager of Bain Capital Partners XII, LLC ("Partners XII"), which is the general partner of Bain Capital Fund XII, L.P. ("Fund XII"). Fund XII is the sole member of BCPE Watson (DE) Aggregator GP, LLC ("Aggregator GP"), which is the general partner of BCPE Watson (DE) Aggregator, LP ("Aggregator"). Aggregator is the sole member of BML GP. As a result, each of BCI, Partners XII, Fund XII, Aggregator GP and Aggregator may be deemed to share voting and dispositive power with respect to the securities held by BML. Each of BCI, Partners XII, Fund XII, Aggregator GP and Aggregator disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest therein.
- [F6]On November 10, 2025, BML, distributed 254,252 shares of Common Stock to one or more members or partners of BML in connection with certain charitable gifts to be made by such members or partners or their direct or indirect owners.
Documents
Issuer
COHERENT CORP.
CIK 0000820318
Entity typeother
IncorporatedCayman Islands
Related Parties
1- filerCIK 0001830424
Filing Metadata
- Form type
- 4
- Filed
- Nov 11, 7:00 PM ET
- Accepted
- Nov 12, 8:59 PM ET
- Size
- 24.7 KB