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FORWARD AIR CORP — Director's Dealing 2024
Jun 5, 2024
32398_dirs_2024-06-04_30f5d2ce-3819-474f-b421-bcf13d2ea17d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2024-05-31
Reporting Person: HODGE MICHAEL B (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-31 | Series B Preferred Units | $0 | J | 460871 | Disposed | Common Stock (460871) | Indirect | |
| 2024-05-31 | Class B Units | $0 | J | 460871 | Disposed | Common Stock (460871) | Indirect | |
| 2024-05-31 | Series C-2 Units | $0 | J | 796944 | Disposed | Class B Units (796944) | Indirect |
Footnotes
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.