ADW Capital Partners, L.P. 4
4 · Compass Diversified Holdings · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
Compass Diversified (CODI) 10% Owner ADW Capital Sells & Buys Shares
What Happened ADW Capital Management, LLC — reported as a 10% owner of Compass Diversified Holdings (CODI) — filed a Form 4 showing both a purchase and a sale of derivative securities on May 7, 2026. The filing shows a purchase of 30,000 derivative units at $5.30 each (total $159,000) and a sale of 30,000 derivative units at $2.48 each (total $74,400). The transactions are reported as derivative in nature; a footnote indicates the instruments are "freely exercisable."
Key Details
- Transaction date: 2026-05-07; Form 4 filed: 2026-05-11.
- Purchase: 30,000 derivative units @ $5.30 = $159,000 (code P).
- Sale: 30,000 derivative units @ $2.48 = $74,400 (code S).
- Shares/units owned after the transactions: not specified in this filing.
- Notable footnotes:
- F1: Joint filing by ADW Capital Partners, L.P. (record owner), ADW Capital Management, LLC (general partner/manager), and Adam D. Wyden (sole manager).
- F2: Reporting persons disclaim beneficial ownership except to the extent of pecuniary interest.
- F3: Reporting persons note potential group status under Sections 13(d)/13(g).
- F4: Instruments described as "freely exercisable."
- Timeliness: Form reports transactions dated 5/7/2026 and was filed 5/11/2026 (four days later); review filers' timeliness if that matters to your analysis.
Context
- This filing was made by a 10% owner (institutional/ownership group), not an individual executive; institutional transactions can reflect portfolio or hedging actions rather than management views.
- The filing records derivative transactions rather than straightforward open-market buy/sell of common stock; derivatives can include options or similar instruments — the filing does not specify the exact derivative type beyond "freely exercisable."
- Purchases are often considered more informative than routine sales, but because both buy and sell occur the same day and the filing involves derivatives, treat this as neutral factual information rather than a clear bullish or bearish signal.
Insider Transaction Report
Form 4
ADW Capital Management, LLC
10% Owner
Transactions
- Purchase
Call Option (Right to Buy)
[F4][F1][F2][F3]2026-05-07$5.30/sh+30,000$159,000→ 30,000 total(indirect: See Footnotes)Exercise: $10.00Exp: 2027-01-15→ Common Shares (3,000,000 underlying) - Sale
Call Option (Obligation to Sell)
[F4][F1][F2][F3]2026-05-07$2.48/sh−30,000$74,400→ 30,000 total(indirect: See Footnotes)Exercise: $20.00Exp: 2027-01-15→ Common Shares (3,000,000 underlying)
Footnotes (4)
- [F1]This statement is being jointly filed by and on behalf of each of ADW Capital Partners, L.P., a Delaware limited partnership ("ADW Capital Partners"), ADW Capital Management, LLC, a Delaware limited liability company ("ADW Capital Management"), and Adam D. Wyden. ADW Capital Partners is the record and direct beneficial owner of the securities covered by this statement. ADW Capital Management is the general partner and investment manager of, and may be deemed to beneficially own securities owned by, ADW Capital Partners. Mr. Wyden is the sole manager of, and may be deemed to beneficially own securities owned by, ADW Capital Management.
- [F2]Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Act"), or otherwise, the beneficial owner of any securities covered by this statement. Each reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.
- [F3]Each reporting person, among others, may be deemed to be a member of a group with respect to Compass Diversified Holdings (the "Issuer"), or securities of the Issuer for purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, a member of a group with respect to the Issuer or securities of the Issuer.
- [F4]Freely exercisable.