Driven Brands (DRVN) CLO sees 3,326 shares withheld for taxes

Rhea-AI Filing Summary

Driven Brands Holdings Inc. reported that Chief Legal Officer O'Melia Scott L. had 3,326 shares of common stock automatically withheld at $10.34 per share to cover taxes tied to the vesting of restricted stock units granted on March 13, 2025. After this tax-withholding disposition, the officer directly holds 318,163 shares of Driven Brands common stock.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

O'Melia Scott L.

(Last) (First) (Middle)

440 SOUTH CHURCH STREET, SUITE 700

(Street)

CHARLOTTE NC 28202

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/13/2026		F(1)		3,326	D	$10.34	318,163	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the automatic withholding by the issuer to satisfy the reporting person's tax obligation associated with the vesting of restricted stock units granted on March 13, 2025. This is authorized in the applicable restricted stock award agreement.

Remarks:

	/s/ Scott O'Melia, Attorney-In-Fact	03/17/2026
	** 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 4 (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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Driven Brands (DRVN) report on this Form 4?

Driven Brands reported an automatic tax-withholding disposition by its Chief Legal Officer. The company withheld 3,326 shares of common stock to satisfy tax obligations arising from restricted stock units vesting, rather than the officer selling shares in the open market.

How many Driven Brands (DRVN) shares were involved in the tax withholding?

The transaction involved 3,326 shares of Driven Brands common stock. These shares were withheld automatically by the issuer to cover the officer’s tax liability linked to restricted stock unit vesting, not as a discretionary sale or open-market trade by the insider.

What price was used for the Driven Brands (DRVN) tax-withholding shares?

The tax-withholding disposition used a price of $10.34 per Driven Brands share. This price is applied solely for reporting purposes in the Form 4 and reflects the value used to calculate the tax obligation on the vested restricted stock units.

How many Driven Brands (DRVN) shares does the officer hold after this transaction?

Following the tax-withholding transaction, the Chief Legal Officer holds 318,163 shares of Driven Brands common stock directly. This figure reflects the remaining position after 3,326 shares were withheld by the company to satisfy the officer’s tax obligation.

Was the Driven Brands (DRVN) Form 4 transaction an open-market sale?

No, the Form 4 transaction was not an open-market sale. It was an automatic tax-withholding disposition, where the company retained 3,326 shares to pay taxes on vested restricted stock units granted to the Chief Legal Officer.

What triggered the tax-withholding transaction for Driven Brands (DRVN)?

The transaction was triggered by the vesting of restricted stock units granted on March 13, 2025. To cover the resulting tax obligation, Driven Brands automatically withheld 3,326 common shares from the Chief Legal Officer under the applicable restricted stock award agreement.