Custom Truck One Source, Inc. — Director's Dealing 2020

Jun 15, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NESCO HOLDINGS, INC. (NSCO)
CIK: 0001709682
Period of Report: 2020-06-11

Reporting Person: ECP Management GP, LLC (10% Owner)
Reporting Person: Energy Capital Partners Management, LP (10% Owner)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Unit	$		Common Stock (60000)		Indirect
Stock Option	$4.00	2030-06-11	Common Stock (80000)		Indirect

Footnotes

F1: The restricted stock units will vest in three equal, annual installments beginning on June 11, 2021

F2: Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

F3: Represents securities held directly by Energy Capital Partners Management, LP ("ECP Management"). Each of Jennifer Gray, Rahman D'Argenio, Matthew Himler and Douglas Kimmelman have entered into an agreement with ECP Management pursuant to which each of the foregoing individuals has irrevocably assigned any and all compensation, including the equity awards reported herein, that he or she may receive from serving as a director of the Issuer to ECP Management.

F4: ECP ControlCo, LLC ("ECP ControlCo") is the sole member of ECP Management GP, LLC, which is the general partner of ECP Management. As a result, each of the foregoing entities may be deemed to share beneficial ownership of the securities held by ECP Management. The managing members of ECP ControlCo are Douglas Kimmelman, Andrew Singer, Peter Labbat, Tyler Reeder and Rahman D'Argenio all of whom collectively share the power to vote and dispose of the securities beneficially owned by ECP ControlCo. Each such individual disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F5: The stock option will vest in three equal, annual installments beginning on June 11, 2021