Leslie's, Inc. — Director's Dealing 2021

Apr 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Leslie's, Inc. (LESL)
CIK: 0001821806
Period of Report: 2021-04-21

Reporting Person: Ortega Steven L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-21	Common Stock, par value $0.001 per share	M	312783	$0.00	Acquired	2346136	Direct
2021-04-22	Common Stock, par value $0.001 per share	S	115566	$25.82	Disposed	2230570	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-21	Restricted Stock Units	$0.00	M	312783	Disposed		Common Stock (312783)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.001 per share	587959	Indirect

Footnotes

F1: Represents shares of Common Stock sold to satisfy tax liability upon settlement of restricted stock units ("RSUs").

F2: The shares are held by the Mary Ann E. and Steven L. Ortega Family Trust.

F3: Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's Common Stock.

F4: Represents grants of RSUs, of which 312,783 vested, and of which (a) subject to Mr. Ortega's continuous employment or service with the Issuer or an affiliate until the applicable vesting date, 269,849 of the RSUs will vest if, and only if, the volume weighted average trading price of a share of the Issuer's Common Stock equals $9.82 at the end of any rolling twenty (20)-day trading period commencing on or after May 2, 2021, and (b) subject to Mr. Ortega's continuous service as a member of the board of the Issuer, 7,353 of the RSUs will vest on November 2, 2021.