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FORWARD AIR CORP — Director's Dealing 2024
Mar 30, 2024
32398_dirs_2024-03-29_34230c2d-ccf9-4091-a2cb-c68200b33ead.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: 2024-03-14
Reporting Person: Schmachtenberger Christopher H. (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-14 | Series B Preferred Units | $0 | J | 5511 | Acquired | Common Stock (5511) | Indirect | |
| 2024-03-14 | Class B Units | $0 | J | 5511 | Acquired | Common Stock (5511) | Indirect | |
| 2024-03-14 | Series C-2 Units | $0 | J | 9529 | Acquired | Class B Units (9529) | Indirect |
Footnotes
F1: Distribution from Omni Investor Holdings, LLC.
F2: Represents Series B Preferred Units received by RC94 Partners (the 'Partnership'). 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 general partner of the Partnership and holds a 50% ownership stake in the Partnership. The reporting person disclaims beneficial ownership of the securities held by the Partnership, except to the extent of his pecuniary interest therein.
F3: Represents Opco Class B Units received by the Partnership. 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 general partner of the Partnership and holds a 50% ownership stake in the Partnership. The reporting person disclaims beneficial ownership of the securities held by the Partnership, except to the extent of his pecuniary interest therein.
F4: Represents Opco Series C-2 Units received by the Partnership. 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 the general partner of the Partnership and holds a 50% ownership stake in the Partnership. The reporting person disclaims beneficial ownership of the securities held by the Partnership, except to the extent of his pecuniary interest therein.