Schmachtenberger Christopher H. 4
4 · FORWARD AIR CORP · Filed Mar 29, 2024
Insider Transaction Report
Form 4
FORWARD AIR CORPFWRD
Schmachtenberger Christopher H.
Director
Transactions
- Other
Series B Preferred Units
2024-03-14+5,511→ 5,511 total(indirect: By Partnership)Exercise: $0.00→ Common Stock (5,511 underlying) - Other
Class B Units
2024-03-14+5,511→ 5,511 total(indirect: By Partnership)Exercise: $0.00→ Common Stock (5,511 underlying) - Other
Series C-2 Units
2024-03-14+9,529→ 9,529 total(indirect: By Partnership)Exercise: $0.00→ Class B Units (9,529 underlying)
Footnotes (4)
- [F1]Distribution from Omni Investor Holdings, LLC.
- [F2]Represents Series B Preferred Units received by RC94 Partners (the 'Partnership'). Series B Preferred Units and corresponding Opco Class B Units are exchangeable at the option of the holder into shares of the Issuer's common stock. The Series B Preferred Units do not have an expiration date. The reporting person is a general partner of the Partnership and holds a 50% ownership stake in the Partnership. The reporting person disclaims beneficial ownership of the securities held by the Partnership, except to the extent of his pecuniary interest therein.
- [F3]Represents Opco Class B Units received by the Partnership. Series B Preferred Units and corresponding Opco Class B Units are exchangeable into shares of the Issuer's common stock. The Opco Class B Units do not have an expiration date. The reporting person is a general partner of the Partnership and holds a 50% ownership stake in the Partnership. The reporting person disclaims beneficial ownership of the securities held by the Partnership, except to the extent of his pecuniary interest therein.
- [F4]Represents Opco Series C-2 Units received by the Partnership. The Opco Series C-2 Units will automatically convert into a corresponding number of Opco Class B Units and Series B Preferred Units upon receipt of approval from the Issuer's shareholders. The Opco Series C-2 Units do not have an expiration date. The reporting person is the general partner of the Partnership and holds a 50% ownership stake in the Partnership. The reporting person disclaims beneficial ownership of the securities held by the Partnership, except to the extent of his pecuniary interest therein.