Khalid Muhammad 4
4 · Driven Brands Holdings Inc. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Driven Brands COO Khalid Muhammad Withholds 14,640 Shares for Taxes
What Happened
- Khalid Muhammad, Chief Operating Officer of Driven Brands (DRVN), had 14,640 shares withheld on June 17, 2026 to satisfy tax obligations tied to the vesting of restricted stock units. The withholding was at a price of $12.55 per share, totaling $183,732.
- This was a tax-withholding disposition (transaction code F), not an open-market sale or purchase.
Key Details
- Transaction date: 2026-06-17; withholding price: $12.55 per share.
- Shares withheld/disposed: 14,640; total value of shares withheld: $183,732.
- Footnote: The withholding was an automatic issuer action to satisfy taxes on RSUs granted June 17, 2025 (authorized by the award agreement).
- Filing date: 2026-06-17 (same-day filing); not reported late based on provided dates.
- Shares owned after the transaction: not specified in the supplied filing.
Context
- This is a routine tax-withholding event (cashless withholding) associated with RSU vesting and should not be interpreted as a deliberate market sale or buy signal by the insider.
- Transaction code F denotes shares surrendered/withheld to cover tax liabilities rather than an intent to liquidate ownership for cash.
Insider Transaction Report
Form 4
Khalid Muhammad
EVP, Chief Operating Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-06-17$12.55/sh−14,640$183,732→ 144,354 total
Footnotes (1)
- [F1]Represents the automatic withholding by the issuer to satisfy the reporting person's tax obligation associated with the vesting of restricted stock units granted on June 17, 2025. This is authorized in the applicable restricted stock award agreement.
Signature
/s/ Scott O'Melia, Attorney-In-Fact|2026-06-17