4//SEC Filing
Yoon John J 4
Accession 0001209191-21-056071
CIK 0001834585other
Filed
Sep 13, 8:00 PM ET
Accepted
Sep 14, 7:46 PM ET
Size
10.3 KB
Accession
0001209191-21-056071
Insider Transaction Report
Form 4
JOANN Inc.JOAN
Yoon John J
Director10% Owner
Transactions
- Other
Common Stock
2021-09-10$11.38/sh−532,672$6,061,807→ 27,827,357 total(indirect: See footnote.) - Other
Common Stock
2021-09-10$11.38/sh+532,672$6,061,807→ 27,827,357 total(indirect: See footnote.)
Holdings
- 7,812
Restricted Stock Units
→ Common Stock (7,812 underlying)
Footnotes (7)
- [F1]This Form 4 is being filed as a result of a rebalancing transaction in which Green Equity Investors Side CF, L.P. ("Side CF") transferred 532,672 shares of Common Stock of the Issuer to Green Equity Investors CF, L.P. ("Main CF") to correct a scrivener's error in the recorded holdings of each of Main CF and Side CF (the "Transaction"). There was no change in the aggregate number of shares of Common Stock beneficially owned by Main CF, Side CF, and LGP Associates CF, LLC ("Associates CF") as a result of such transaction. The price reflected in this Form 4 is the closing price on April 16, 2021, the record date of the holdings as to which the scrivener's error related.
- [F2]Represents shares of Common Stock transferred to Main CF by Side CF as part of the Transaction.
- [F3]Represents shares of Common Stock owned by Main CF, Side CF, and Associates CF. Of the shares of Common Stock reported, 20,436,421 are held by Main CF following the Transaction, 7,293,957 are held by Side CF following the Transaction, and 96,979 are held by Associates CF.
- [F4]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 Main CF, Side CF, and Associates CF. 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.
- [F5]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
- [F6]The restricted stock unit vests on March 17, 2022.
- [F7]The restricted stock units reported on this row are held by Mr. Sokoloff 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.
Documents
Issuer
JOANN Inc.
CIK 0001834585
Entity typeother
Related Parties
1- filerCIK 0001848384
Filing Metadata
- Form type
- 4
- Filed
- Sep 13, 8:00 PM ET
- Accepted
- Sep 14, 7:46 PM ET
- Size
- 10.3 KB