InsiderTrades

Form 4 for CNM Core & Main, Inc.

Accepted 2024-12-05 00:00:00 ET · period of report 2024-12-03 · accession 0001856525-24-000124 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X Filed Traded Ticker Insider Title Type Price Qty Owned ΔOwn Value
D 2024-12-05 2024-12-03 CNM NEWMAN MARGARET Dir C - Cnv Deriv $0.00 +15.0K 26.8K +127% $0
D 2024-12-05 2024-12-03 CNM NEWMAN MARGARET Dir S - Sale $55.25 -15.0K 11.8K -56% -$828.8K
DI 2024-12-05 2024-12-03 CNM NEWMAN MARGARET Dir J - Other $0.00 -32 0 -100% $0
D 2024-12-05 2024-12-03 CNM NEWMAN MARGARET Dir J - Other $0.00 +32 11.8K +0.3% $0
D 2024-12-05 2024-12-03 CNM NEWMAN MARGARET Dir J - Other $0.00 +15.0K 15.0K New $0
DI 2024-12-05 2024-12-03 CNM NEWMAN MARGARET Dir J - Other $0.00 -15.0K 40.5K -27% $0
D 2024-12-05 2024-12-03 CNM NEWMAN MARGARET Dir C - Cnv Deriv $0.00 -15.0K 0 -100% $0

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Class A Common Stock 2024-12-03 C A 14,968 $0.00 26,769 D — — (F5) On December 3, 2024, pursuant to the terms of the LLC Agreement, 14,968 Units held directly by the reporting person were redeemed at the discretion of the reporting person for 14,968 Paired Interests. (F3) Includes 11,769 restricted stock units ("RSUs") granted to the reporting person as director compensation. 9,320 RSUs have vested as of the date of this Form 4. 2,449 RSUs will vest upon the earlier to occur of the one year anniversary of the grant date or the Issuer's next annual meeting of shareholders to be held in 2025 and be settled in shares of Class A common stock, subject to the reporting person's continued service as a director of the Issuer.
2 Common Class A Common Stock 2024-12-03 S D 15,000 $55.25 11,769 D — — (F7) The price reported represents the weighted average price of shares of Class A common stock sold in multiple transactions at prices ranging from $54.9600 to $55.6650 per share. The reporting person will provide to the Issuer, or the Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range. (F3) Includes 11,769 restricted stock units ("RSUs") granted to the reporting person as director compensation. 9,320 RSUs have vested as of the date of this Form 4. 2,449 RSUs will vest upon the earlier to occur of the one year anniversary of the grant date or the Issuer's next annual meeting of shareholders to be held in 2025 and be settled in shares of Class A common stock, subject to the reporting person's continued service as a director of the Issuer.
3 Common Class A Common Stock 2024-12-03 J D 32 $0.00 0 I By LLC — — (F1) On December 3, 2024, pursuant to the terms of the Fourth Amended and Restated LLC Agreement of Core & Main Management Feeder, LLC ("Management Feeder"), dated as of February 13, 2024 (as amended, the "LLC Agreement"), 32 vested common units ("Units") held directly by the reporting person were redeemed at the discretion of the reporting person for 32 shares of Class A common stock of the Issuer ("Class A common stock"). (F2) Represents securities held by Management Feeder in respect of Units directly held by the reporting person. Pursuant to the LLC Agreement, such vested Units held by the reporting person are redeemable at the discretion of the reporting person for shares of Class A common stock, on a one-for-one basis.
4 Common Class A Common Stock 2024-12-03 J A 32 $0.00 11,801 D — — (F1) On December 3, 2024, pursuant to the terms of the Fourth Amended and Restated LLC Agreement of Core & Main Management Feeder, LLC ("Management Feeder"), dated as of February 13, 2024 (as amended, the "LLC Agreement"), 32 vested common units ("Units") held directly by the reporting person were redeemed at the discretion of the reporting person for 32 shares of Class A common stock of the Issuer ("Class A common stock"). (F3) Includes 11,769 restricted stock units ("RSUs") granted to the reporting person as director compensation. 9,320 RSUs have vested as of the date of this Form 4. 2,449 RSUs will vest upon the earlier to occur of the one year anniversary of the grant date or the Issuer's next annual meeting of shareholders to be held in 2025 and be settled in shares of Class A common stock, subject to the reporting person's continued service as a director of the Issuer.
5 Derivative Class B Common Stock and Limited Partnership Interests 2024-12-03 J A 14,968 $0.00 14,968 D — · — to — 14,968 Class A Common Stock (F5) On December 3, 2024, pursuant to the terms of the LLC Agreement, 14,968 Units held directly by the reporting person were redeemed at the discretion of the reporting person for 14,968 Paired Interests. (F9) Pursuant to the terms of the Exchange Agreement, Paired Interests are exchangeable at the discretion of the reporting person for shares of Class A common stock on a one-for-one basis or, at the election of a majority of the disinterested members of the Issuer's board of directors, for cash from a substantially concurrent public offering or private sale (based on the price of Class A common stock sold in such public offering or private sale, net of any underwriting discounts and commissions, for each limited partnership interest exchanged, subject to certain exceptions, conditions and adjustments). The Class B common stock and limited partnership interests have no expiration date.
6 Derivative Class B Common Stock and Limited Partnership Interests 2024-12-03 J D 14,968 $0.00 40,480 I By LLC — · — to — 14,968 Class A Common Stock (F5) On December 3, 2024, pursuant to the terms of the LLC Agreement, 14,968 Units held directly by the reporting person were redeemed at the discretion of the reporting person for 14,968 Paired Interests. (F8) Represents securities held by Management Feeder in respect of Units directly held by the reporting person. Pursuant to the LLC Agreement, such vested Units held by the reporting person are redeemable at the discretion of the reporting person for Paired Interests, on a one-for-one basis. (F9) Pursuant to the terms of the Exchange Agreement, Paired Interests are exchangeable at the discretion of the reporting person for shares of Class A common stock on a one-for-one basis or, at the election of a majority of the disinterested members of the Issuer's board of directors, for cash from a substantially concurrent public offering or private sale (based on the price of Class A common stock sold in such public offering or private sale, net of any underwriting discounts and commissions, for each limited partnership interest exchanged, subject to certain exceptions, conditions and adjustments). The Class B common stock and limited partnership interests have no expiration date.
7 Derivative Class B Common Stock and Limited Partnership Interests 2024-12-03 C D 14,968 $0.00 0 D — · — to — 14,968 Class A Common Stock (F4) On December 3, 2024, pursuant to the terms of an exchange agreement, dated as of July 22, 2021 (as amended, the "Exchange Agreement"), 14,968 shares of Class B common stock of the Issuer ("Class B common stock") and limited partnership interests of Core & Main Holdings, LP (together, a "Paired Interest") were exchanged for shares of Class A common stock, on a one-for-one basis. (F9) Pursuant to the terms of the Exchange Agreement, Paired Interests are exchangeable at the discretion of the reporting person for shares of Class A common stock on a one-for-one basis or, at the election of a majority of the disinterested members of the Issuer's board of directors, for cash from a substantially concurrent public offering or private sale (based on the price of Class A common stock sold in such public offering or private sale, net of any underwriting discounts and commissions, for each limited partnership interest exchanged, subject to certain exceptions, conditions and adjustments). The Class B common stock and limited partnership interests have no expiration date.