4//SEC Filing
Impactive Capital LLC 4
Accession 0001193805-24-000405
CIK 0001337619other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 6:01 PM ET
Size
12.6 KB
Accession
0001193805-24-000405
Insider Transaction Report
Form 4
Impactive Capital LLC
Director
Transactions
- Purchase
Common Stock
2024-03-15$52.99/sh+1,670$88,493→ 4,188,871 total(indirect: See Footnote)
Wolfe Lauren Taylor
Director
Transactions
- Purchase
Common Stock
2024-03-15$52.99/sh+1,670$88,493→ 4,188,871 total(indirect: See Footnote)
Impactive Capital LP
Director
Transactions
- Purchase
Common Stock
2024-03-15$52.99/sh+1,670$88,493→ 4,188,871 total(indirect: See Footnote)
Asmar Christian
Director
Transactions
- Purchase
Common Stock
2024-03-15$52.99/sh+1,670$88,493→ 4,188,871 total(indirect: See Footnote)
Footnotes (4)
- [F1]This Form 4 is filed jointly by Impactive Capital LP ("Impactive Capital"), Impactive Capital LLC ("Impactive GP"), Christian Asmar and Lauren Taylor Wolfe (collectively, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of her, his or its pecuniary interest therein.
- [F2]The securities of Envestnet, Inc. (the "Issuer") reported herein are held directly by certain funds and/or accounts (the "Impactive Funds"). Pursuant to an Investment Management Agreement, the Impactive Funds have delegated all voting and investment power over the securities directly held by the Impactive Funds and their general partners to Impactive Capital, which serves as the investment manager of the Impactive Funds. Impactive GP, as the general partner of Impactive Capital, and each of Mr. Asmar and Ms. Taylor Wolfe, as Managing Members of Impactive GP, may be deemed to exercise voting and investment power over such securities. The Impactive Funds specifically disclaim beneficial ownership of such securities by virtue of their inability to vote or dispose of such securities as a result of such delegation to Impactive Capital.
- [F3]Because Ms. Taylor Wolfe serves on the board of directors (the "Board") as a representative of Impactive Capital and its affiliates, Impactive Capital is entitled to receive the direct economic interest in securities granted to Ms. Taylor Wolfe by the Issuer in respect of Ms. Taylor Wolfe's Board position. Ms. Taylor Wolfe disclaims beneficial ownership of the Issuer's securities to which this report relates and at no time has Ms. Taylor Wolfe had any economic interest in such securities except any indirect economic interest through Impactive Capital and its affiliates.
- [F4]Includes 3,472 shares underlying restricted stock units ("RSUs") that vest on the first anniversary of the grant date of February 29, 2024 and 1,534 shares underlying RSUs, one quarter of which vested on the grant date of April 18, 2023, with an additional one quarter vesting thereafter on each anniversary of such grant date for 3 years. The RSUs convert into common stock on a one-for-one basis.
Documents
Issuer
ENVESTNET, INC.
CIK 0001337619
Entity typeother
Related Parties
1- filerCIK 0001786731
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 6:01 PM ET
- Size
- 12.6 KB