HODGE MICHAEL B 4
4 · FORWARD AIR CORP · Filed Aug 6, 2024
Insider Transaction Report
Form 4
FORWARD AIR CORPFWRD
HODGE MICHAEL B
Director
Transactions
- Conversion
Series B Preferred Units
2024-08-02+577,814→ 911,945 total(indirect: By LLC)Exercise: $0.00→ Common Stock (577,814 underlying) - Conversion
Class B Units
2024-08-02+577,814→ 911,945 total(indirect: By LLC)Exercise: $0.00→ Common Stock (577,814 underlying)
Footnotes (2)
- [F1]Reflects the conversion of 577,814 Opco Series C-2 Units acquired by EVE Omni Investor, LLC (the "LLC") in January 2024 into a corresponding number of Opco Class B Units and Series B Preferred Units upon receipt of approval from the Issuer's shareholders at their annual meeting held on June 3, 2024. 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 on a one-for-one basis.
- [F2]The Series B Preferred Units and Opco Class B Units do not have an expiration date. The reporting person is the 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.