Yoon John J 4
4 · JOANN Inc. · Filed Mar 18, 2021
Insider Transaction Report
Form 4
JOANN Inc.JOAN
Yoon John J
Director10% Owner
Transactions
- Sale
Common Stock
2021-03-16$11.20/sh−5,263,834$58,954,941→ 27,827,357 total(indirect: See footnote.) - Award
Restricted Stock Units
2021-03-17+7,812→ 7,812 total→ Common Stock (7,812 underlying)
Footnotes (6)
- [F1]Represents shares of Common Stock of the Issuer sold by Green Equity Investors V, L.P. ("GEI V"), Green Equity Investors Side V, L.P. ("GEI Side V"), and Needle Coinvest LLC ("Coinvest"). Of the shares of Common Stock sold, 3,994,539 were sold by GEI V, 1,198,257 were sold by GEI Side V, and 71,038 were sold by Coinvest.
- [F2]Represents shares of Common Stock of the Issuer owned by GEI V, GEI Side V, and Coinvest. Of the shares of Common Stock reported, 21,117,204 are owned by GEI V, 6,334,611 are owned by GEI Side V, and 375,542 are owned by Coinvest.
- [F3]Mr. Yoon directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of the shares of Common Stock owned by GEI V, GEI Side V, and Coinvest. Mr. Yoon disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F4]Each restricted stock unit represents the contingent right to receive one share of the Issuer's Common Stock.
- [F5]The restricted stock unit vests on March 17, 2022.
- [F6]The restrict stock units reported on this row are held by Mr. Yoon for the benefit of Leonard Green & Partners, L.P. Mr. Yoon disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.