Driven Brands CEO shares withheld for taxes

Driven Brands Holdings Inc. director and Chief Executive Officer Daniel R. Rivera reported a routine tax-related share withholding.

Rhea-AI Filing Summary

Driven Brands Holdings Inc. director and Chief Executive Officer Daniel R. Rivera reported a routine tax-related share withholding. On May 9, 2026, the company automatically withheld 7,731 shares of Common Stock at $13.41 per share to satisfy his tax obligation from vesting restricted stock units. Following this withholding, Rivera directly holds 605,105 shares of Driven Brands common stock. This was an automatic tax-withholding disposition under the applicable restricted stock award agreement, not an open-market sale.

Insider Trade Summary

Exercise Price or Tax Liability: 7,731 shares

Exercise Price or Tax Liability 1 txn

Insider Rivera Daniel R.

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	7,731	$13.41	$104K

Holdings After Transaction: Common Stock — 605,105 shares (Direct)

Footnotes (1)

1. F1. 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 May 9, 2026. This is authorized in the applicable restricted stock award agreement.

Key Figures

Shares withheld for taxes: 7,731 shares Withholding price per share: $13.41 per share Shares held after transaction: 605,105 shares

3 metrics

Shares withheld for taxes 7,731 shares Automatic tax-withholding disposition on May 9, 2026

Withholding price per share $13.41 per share Value used for tax-withholding disposition

Shares held after transaction 605,105 shares Direct holdings after tax withholding

Key Terms

restricted stock units, tax obligation, tax-withholding disposition, restricted stock award agreement

4 terms

restricted stock units financial

"associated with the vesting of restricted stock units granted on May 9, 2026"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax obligation financial

"withholding by the issuer to satisfy the reporting person's tax obligation"

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

restricted stock award agreement financial

"authorized in the applicable restricted stock award agreement"

A restricted stock award agreement is a legal contract that grants someone company shares that are subject to limits — for example, they may only become fully owned after working at the company for a set time, meeting performance goals, or otherwise satisfying conditions. For investors, these agreements matter because they shape insider incentives, future share dilution when restrictions lift, and company compensation costs; think of it like a gift locked in a box that opens only after certain conditions are met.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Driven Brands (DRVN) CEO Daniel Rivera report?

Daniel R. Rivera reported an automatic tax-related share withholding. Driven Brands withheld 7,731 shares of common stock to satisfy his tax obligation arising from vesting restricted stock units granted under a restricted stock award agreement.

How many Driven Brands (DRVN) shares were withheld for Daniel Rivera’s taxes?

Driven Brands automatically withheld 7,731 shares of common stock. These shares covered Daniel Rivera’s tax obligation related to the vesting of restricted stock units on May 9, 2026, as authorized in his restricted stock award agreement.

At what price were Daniel Rivera’s withheld Driven Brands (DRVN) shares valued?

The 7,731 Driven Brands common shares withheld for taxes were valued at $13.41 per share. This valuation is used solely for the tax-withholding disposition associated with his vesting restricted stock units, not as an open-market sale price.

How many Driven Brands (DRVN) shares does CEO Daniel Rivera hold after this transaction?

After the tax-withholding disposition, Daniel Rivera directly holds 605,105 shares of Driven Brands common stock. This figure reflects his position following the automatic withholding of 7,731 shares to meet his associated tax obligation.

Was Daniel Rivera’s recent Driven Brands (DRVN) Form 4 an open-market sale?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Driven Brands automatically withheld 7,731 shares to satisfy Daniel Rivera’s tax obligation from vesting restricted stock units under his restricted stock award agreement.

What triggered the tax-withholding disposition for Driven Brands (DRVN) CEO Daniel Rivera?

The withholding was triggered by the vesting of restricted stock units granted on May 9, 2026. To cover Daniel Rivera’s resulting tax obligation, Driven Brands automatically withheld 7,731 common shares, as permitted by the restricted stock award agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/12/2026 - 04:29 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Rivera Daniel R.

(Last) (First) (Middle)

440 SOUTH CHURCH STREET, SUITE 700

(Street)

CHARLOTTE NORTH CAROLINA 28202

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/09/2026

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

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

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

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	05/09/2026		F(1)		7,731	D	$13.41	605,105	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 May 9, 2026. This is authorized in the applicable restricted stock award agreement.

Remarks:

	/s/ Scott O'Melia, Attorney-In-Fact	05/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)