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

Feb 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Leslie's, Inc. (LESL)
CIK: 0001821806
Period of Report: 2021-01-31

Reporting Person: Egeck Michael R. (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-31	Common Stock, par value $0.001 per share	M	205545	$0.00	Acquired	3280198	Direct
2021-02-01	Common Stock, par value $0.001 per share	S	90915	$27.95	Disposed	3189283	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-31	Restricted Stock Units	$0.00	M	205545	Disposed		Common Stock (205545)	Direct

Footnotes

F1: As previously disclosed, 3,074,653 shares of Common Stock of the Issuer, par value $0.001 ("Common Stock") were indirectly held by Mr. Egeck and directly held by Bubbles Holdings, L.P. Such shares of Common Stock were distributed to Mr. Egeck as soon as reasonably practicable after the date of the Issuer's initial public offering and are now held directly by Mr. Egeck as reported herein. Due to an administrative error, the Form 3 filed on October 28, 2020 overstated Mr. Egeck's indirect holdings by 22 shares.

F2: Represents shares of Common Stock sold to satisfy tax liability upon settlement of restricted stock units ("RSUs").

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

F4: Represents a grant of RSUs, of which 205,545 vested and of which the remaining 2,329,519, subject to Mr. Egeck's continuous employment or service with the Issuer or an affiliate until the applicable vesting date: (a) 1,233,276 of the remaining RSUs will vest in equal installments of 205,545 on August 4, 2021 and each of the five (5) six (6)-month anniversaries thereafter; and (b) 1,096,243 of the remaining RSUs will vest if, and only if, the volume weighted average trading price of a share of the Issuer's Common Stock equals $10.71 at the end of any rolling twenty (20)-day trading period commencing on or after May 2, 2021.