Driven Brands (DRVN) COO sees 14,640 shares withheld to cover tax bill

Rhea-AI Filing Summary

Driven Brands Holdings Inc. executive Khalid Muhammad, EVP and Chief Operating Officer, reported a tax-related share disposition tied to vesting equity awards. On June 17, 2026, 14,640 shares of common stock were automatically withheld at $12.55 per share to cover his tax obligations on vested restricted stock units. After this withholding, he directly holds 144,354 shares, so the event reflects routine compensation-related tax settlement rather than an open-market sale.

Insights

Equity compensation analyst

Routine tax withholding on equity vesting; not an open-market sale.

EVP and COO Khalid Muhammad had 14,640 shares of Driven Brands Holdings Inc. common stock automatically withheld at $12.55 per share on June 17, 2026. The footnote clarifies this covered taxes on vesting restricted stock units granted on June 17, 2025.

This F-code transaction is a tax-withholding disposition, not a discretionary buy or sell decision. Following the event, Muhammad directly holds 144,354 shares, indicating he retains a substantial equity position. The filing therefore looks like standard compensation administration rather than a signal about his view of the stock.

Insider Trade Summary

Net Seller: 14,640 shares

Net Sell 1 txn

Insider Khalid Muhammad

Role EVP, Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	14,640	$12.55	$184K

Holdings After Transaction: Common Stock — 144,354 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 June 17, 2025. This is authorized in the applicable restricted stock award agreement.

Key Figures

Shares withheld for taxes: 14,640 shares Withholding price per share: $12.55 per share Shares held after transaction: 144,354 shares +1 more

4 metrics

Shares withheld for taxes 14,640 shares Automatic tax withholding on June 17, 2026

Withholding price per share $12.55 per share Tax-withholding disposition price

Shares held after transaction 144,354 shares Direct common stock ownership after withholding

RSU grant date June 17, 2025 Restricted stock units whose vesting triggered withholding

Key Terms

tax-withholding disposition, restricted stock units, automatic withholding

3 terms

tax-withholding disposition financial

"reported a tax-related share disposition tied to vesting equity awards"

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 units financial

"tax obligations on vested restricted stock units granted on June 17, 2025"

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.

automatic withholding financial

"shares were automatically withheld by the issuer to satisfy the reporting person's tax obligation"

FAQ

What did Driven Brands (DRVN) executive Khalid Muhammad report in this Form 4?

He reported an automatic tax-withholding disposition of 14,640 Driven Brands shares. The shares were withheld by the company to cover taxes due on vesting restricted stock units, rather than sold by him in the open market.

Was Khalid Muhammad’s Driven Brands (DRVN) transaction an open-market stock sale?

No, it was not an open-market sale. The 14,640 Driven Brands shares were automatically withheld by the issuer to satisfy his tax obligations on vested restricted stock units, as authorized under his restricted stock award agreement.

How many Driven Brands (DRVN) shares were withheld for Khalid Muhammad’s taxes?

A total of 14,640 Driven Brands common shares were withheld for taxes. The withholding price was $12.55 per share, reflecting an automatic mechanism to pay tax due on equity compensation vesting rather than a discretionary sale.

How many Driven Brands (DRVN) shares does Khalid Muhammad hold after this transaction?

After the tax-withholding event, he directly holds 144,354 Driven Brands common shares. This remaining stake shows he continues to maintain a sizable equity interest even after settling his tax obligation through automatic share withholding.

What caused the tax-withholding transaction for Driven Brands (DRVN) EVP Khalid Muhammad?

The transaction resulted from the vesting of restricted stock units granted on June 17, 2025. When these RSUs vested, the company automatically withheld 14,640 shares to cover Khalid Muhammad’s tax liability, as permitted under his award agreement.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/17/2026 - 05:41 PM Accepted by SEC EDGAR 06/17/2026 - 05:41 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^*

Khalid Muhammad

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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	06/17/2026		F(1)		14,640	D	$12.55	144,354	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 June 17, 2025. This is authorized in the applicable restricted stock award agreement.

Remarks:

	/s/ Scott O'Melia, Attorney-In-Fact	06/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)