HODGE MICHAEL B 4
4 · FORWARD AIR CORP · Filed Jun 4, 2024
Insider Transaction Report
Form 4
FORWARD AIR CORPFWRD
HODGE MICHAEL B
Director
Transactions
- Other
Series B Preferred Units
2024-05-31−460,871→ 312,343 total(indirect: By LLC)Exercise: $0.00→ Common Stock (460,871 underlying) - Other
Class B Units
2024-05-31−460,871→ 312,343 total(indirect: By LLC)Exercise: $0.00→ Common Stock (460,871 underlying) - Other
Series C-2 Units
2024-05-31−796,944→ 540,186 total(indirect: By LLC)Exercise: $0.00→ Class B Units (796,944 underlying)
Footnotes (4)
- [F1]Reflects a distribution from EVE Omni Investor, LLC (the "LLC") in connection with the redemptions of its former co-manager for no consideration. The reporting person is a co-manager of the LLC.
- [F2]Represents Series B Preferred Units held by the LLC. 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 co-manager of the LLC. The reporting person disclaims beneficial ownership of the securities held by the LLC, except to the extent of his pecuniary interest therein.
- [F3]Represents Opco Class B Units held by the LLC. 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 co-manager of the LLC. The reporting person disclaims beneficial ownership of the securities held by the LLC, except to the extent of his pecuniary interest therein.
- [F4]Represents Opco Series C-2 Units held by the LLC. 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 a co-manager of the LLC. The reporting person disclaims beneficial ownership of the securities held by the LLC, except to the extent of his pecuniary interest therein.