ADW Capital Partners, L.P. 4
4 · Compass Diversified Holdings · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
CODI 10% Owner ADW Capital Management Buys and Sells Shares
What Happened
ADW Capital Management, LLC (reported as a 10% owner through ADW Capital Partners; joint filer with Adam D. Wyden) executed offsetting derivative transactions in Compass Diversified Holdings (CODI) on May 29, 2026. The filing shows a purchase of 10,000 derivative shares at $3.66 each (total $36,600) and a sale of 10,000 derivative shares at $0.74 each (total $7,400). Both transactions are reported as derivative transactions; footnote F4 notes the instruments are "freely exercisable." Because equal amounts were bought and sold the same day, there is no net change in the reported derivative position from these entries alone.
Key Details
- Transaction date: 2026-05-29. Form filed: 2026-06-02 (filed within the two-business-day Section 16 deadline).
- Purchase: 10,000 derivative shares @ $3.66 = $36,600 (code P).
- Sale: 10,000 derivative shares @ $0.74 = $7,400 (code S).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Notable footnotes: F1 — joint filing by ADW Capital Partners, ADW Capital Management, and Adam D. Wyden; F2 — disclaimer of beneficial ownership except for pecuniary interest; F3 — group-membership disclaimer; F4 — "freely exercisable" (relates to the derivative instruments).
- Filing timeliness: Report appears timely (filed within required two business days).
Context
This filing comes from a 10% institutional owner (not an individual executive). Derivative transactions can reflect option exercises, conversions, or other derivative settlements; the filing labels these as derivative and notes they are freely exercisable but does not detail the exact mechanics. Because the buyer and seller quantities match on the same date, retail investors should not assume a clear directional signal from these entries alone. Purchases can be more informative of insider confidence, but here the simultaneous sale offsets that signal.
Insider Transaction Report
- Purchase
Call Option (Right to Buy)
[F4][F1][F2][F3]2026-05-29$3.66/sh+10,000$36,600→ 40,000 total(indirect: See Footnotes)Exercise: $10.00Exp: 2027-01-15→ Common Shares (1,000,000 underlying) - Sale
Call Option (Obligation to Sell)
[F4][F1][F2][F3]2026-05-29$0.74/sh−10,000$7,400→ 40,000 total(indirect: See Footnotes)Exercise: $20.00Exp: 2027-01-15→ Common Shares (1,000,000 underlying)
- 3,750,000(indirect: See Footnotes)
Common Shares
[F1][F2][F3]
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.