Driven Brands (DRVN) COO reports 2,844-share tax withholding for RSU vesting

Rhea-AI Filing Summary

Driven Brands Holdings Inc. executive Khalid Muhammad reported a tax-related share withholding. On March 13, 2026, the EVP and Chief Operating Officer had 2,844 shares of common stock withheld at $10.34 per share to cover taxes on vesting restricted stock units.

This was an automatic issuer withholding authorized by his restricted stock award agreement, not an open-market sale. After this transaction, Muhammad directly held 158,994 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

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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^*

Khalid Muhammad

(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)
	EVP, Chief Operating 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)		2,844	D	$10.34	158,994	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).
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FAQ

What insider transaction did Driven Brands (DRVN) report for Khalid Muhammad?

Driven Brands reported a tax-related share withholding for EVP and COO Khalid Muhammad. On March 13, 2026, 2,844 common shares were withheld to satisfy tax obligations tied to vesting restricted stock units granted under his equity award agreement.

How many Driven Brands (DRVN) shares were withheld for taxes in this Form 4?

The Form 4 shows 2,844 Driven Brands common shares withheld for taxes. The withholding price was $10.34 per share and related to the vesting of restricted stock units previously granted to EVP and COO Khalid Muhammad under his restricted stock award agreement.

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

No, the Form 4 transaction was not an open-market sale. It reflects automatic share withholding by Driven Brands to cover Khalid Muhammad’s tax obligation from restricted stock unit vesting, as permitted by the terms of his restricted stock award agreement.

What is Khalid Muhammad’s Driven Brands (DRVN) share ownership after this transaction?

After the tax withholding transaction, Khalid Muhammad directly holds 158,994 Driven Brands common shares. This figure reflects his position following the 2,844-share withholding to satisfy tax obligations arising from the vesting of his restricted stock units on March 13, 2026.

What does transaction code F mean in the Driven Brands (DRVN) Form 4?

Transaction code F indicates shares were disposed to pay taxes or exercise costs. In this case, 2,844 Driven Brands shares were automatically withheld by the issuer to satisfy Khalid Muhammad’s tax liability from restricted stock unit vesting under his award agreement.