DRVN Officer Khalid Muhammad Reports Shares and Vesting RSUs on Form 3

Rhea-AI Filing Summary

Khalid Muhammad, Executive Vice President and Chief Operating Officer of Driven Brands Holdings Inc. (DRVN), filed an initial Form 3 disclosing direct ownership of multiple classes of Common Stock and restricted stock units. The filing lists 25,804 shares of Common Stock held directly and additional RSU-based holdings of 2,481, 56,818, 13,827, 19,237, and 58,945 that vest on specified future anniversaries or on February 28, 2026, subject to continued service.

Positive

• Officer and director status disclosed, providing transparency into insider holdings
• Direct ownership of 25,804 shares is clearly reported
• Detailed RSU schedules disclose vesting dates and contingent nature of additional shares

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine initial Section 16 filing showing direct shares and multiple RSU grants with staggered vesting tied to continued service.

The filing is a standard Form 3 reporting beneficial ownership by an officer. It documents 25,804 directly owned common shares and several RSU grants that convert to one share per RSU upon vesting on specified dates, including a grant that vests in full on February 28, 2026 and others that vest in installments on anniversaries of November 7, February 27, March 13, and June 17. No derivative securities are reported. This is a disclosure of compensation-related equity rather than a market-moving transaction.

Corporate Governance Expert

TL;DR: Disclosure documents officer compensation in equity form with service-based vesting; no indications of transfers or derivative positions.

The Form 3 indicates the reporting person is both an officer and a director and lists multiple restricted stock unit awards that are contingent on continued service. Each RSU represents a contingent right to one share and vests on specified future dates or in installments. The filing includes a Power of Attorney (Exhibit 24.1) and is signed by an attorney-in-fact. The information is procedural and relevant for ownership transparency and insider reporting compliance.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Khalid Muhammad

(Last) (First) (Middle)

440 SOUTH CHURCH STREET, SUITE 700

(Street)

CHARLOTTE NC 28202

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/25/2025

3. Issuer Name and Ticker or Trading Symbol
Driven Brands Holdings Inc. [ DRVN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Operating Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	25,804	D
Common Stock	2,481(1)	D
Common Stock	56,818(2)	D
Common Stock	13,827(3)	D
Common Stock	19,237(4)	D
Common Stock	58,945(5)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Consists of restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU, and will vest in full on February 28, 2026, provided that the Reporting Person remains in continuous service on such vesting date.

2. Consists of RSUs, which represent a contingent right to receive one share of Common Stock for each RSU, and will vest in equal installments on the next two anniversaries of November 7, provided that the Reporting Person remains in continuous service on each vesting date.

3. Consists of RSUs, which represent a contingent right to receive one share of Common Stock for each RSU, and will vest in equal installments on the next two anniversaries of February 27, provided that the Reporting Person remains in continuous service on each vesting date.

4. Consists of RSUs, which represent a contingent right to receive one share of Common Stock for each RSU, and will vest in equal installments on the next three anniversaries of March 13, provided that the Reporting Person remains in continuous service on each vesting date.

5. Consists of restricted stock units ("RSU"), which represent a contingent right to receive one share of Common Stock for each RSU, and will vest in equal installments on the next two anniversaries of June 17, provided that the Reporting Person remains in continuous service on each vesting date.

Remarks:

See Exhibit 24.1 Power of Attorney

	/s/ Scott O'Melia, Attorney-In-Fact	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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