Khalid Muhammad 4

What Happened Khalid Muhammad, Chief Operating Officer of Driven Brands Holdings Inc. (DRVN), had 2,844 shares withheld and disposed of to satisfy tax withholding related to vested restricted stock units. The shares were valued at $10.34 each, for a total of approximately $29,407. This transaction was a tax-withholding disposal tied to RSU vesting, not an open-market sale intended as a directional trade.

Key Details

• Transaction date reported: 2026-03-13; Form 4 filed: 2026-03-17.
• Shares withheld/disposed: 2,844 at $10.34 per share; total value ≈ $29,407.
• Transaction code: F (tax withholding to satisfy withholding obligation).
• Footnote: Automatic withholding by the issuer to satisfy the reporting person's tax obligation associated with RSUs granted on March 13, 2025, authorized under the award agreement.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Form filed 4 days after the transaction date; the filing does not state a timeliness designation in the excerpt provided.

Context This was a routine employer withholding to cover taxes on vested RSUs (a common occurrence when equity awards vest). Such withholding sales are administrative and do not necessarily indicate the insider's view on the company's stock. For investors, purchases are typically more informative than withholding disposals; treat this as a tax-related transaction rather than a market-driven sale.