Driven Brands (DRVN) withholds 28,892 shares for CLO tax

Rhea-AI Filing Summary

Driven Brands Holdings Inc. (DRVN) reported an insider tax-related share disposition by Chief Legal Officer O'Melia Scott L. On 2026-08-21, 28,892 shares of common stock were automatically withheld by the issuer at $13.17 per share to satisfy the officer's tax obligation from vesting restricted stock units granted on August 23, 2024. Following this withholding, the officer directly holds 346,523 shares of Driven Brands common stock.

Insider Trade Summary

Net Seller: 28,892 shares

Net Sell 1 txn

Insider O'Melia Scott L.

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	28,892	$13.17	$381K

Holdings After Transaction: Common Stock — 346,523 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 August 23, 2024. This is authorized in the applicable restricted stock award agreement.

Key Figures

Shares withheld for tax: 28,892 shares Per-share value for withholding: $13.17 per share Shares held after transaction: 346,523 shares +1 more

4 metrics

Shares withheld for tax 28,892 shares Automatic withholding on 2026-08-21 to satisfy tax obligation

Per-share value for withholding $13.17 per share Value applied to 28,892 withheld shares in the tax-related transaction

Shares held after transaction 346,523 shares Direct ownership of O'Melia Scott L. following the withholding

RSU grant date August 23, 2024 Restricted stock units whose vesting caused the tax obligation

Key Terms

restricted stock units, automatic withholding, tax obligation, restricted stock award agreement

4 terms

restricted stock units financial

"tax obligation associated with the vesting of restricted stock units granted"

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

"Represents the automatic withholding by the issuer to satisfy"

tax obligation financial

"to satisfy the reporting person's tax obligation associated with the vesting"

restricted stock award agreement financial

"This is 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

What insider transaction did DRVN report for O'Melia Scott L.?

DRVN reported that Chief Legal Officer O'Melia Scott L. had 28,892 shares of common stock automatically withheld on 2026-08-21 to cover a tax obligation related to vesting restricted stock units, at a value of $13.17 per share.

Was the DRVN insider transaction an open market sale?

No. The 28,892-share transaction for DRVN was reported with code F and described as automatic withholding by the issuer to satisfy a tax obligation from vesting restricted stock units, not a discretionary open market sale.

How many DRVN shares does O'Melia Scott L. hold after this transaction?

After the tax-related withholding, Chief Legal Officer O'Melia Scott L. directly holds 346,523 shares of Driven Brands common stock, as reported in the Form 4.

What price per share was used in the DRVN tax-withholding transaction?

The DRVN tax-withholding transaction for O'Melia Scott L. used a value of $13.17 per share for the 28,892 shares withheld to satisfy the tax obligation associated with restricted stock unit vesting.

What triggered the DRVN tax withholding for O'Melia Scott L.?

The tax withholding was triggered by the vesting of restricted stock units granted to O'Melia Scott L. on August 23, 2024. Shares were automatically withheld by the issuer to cover the resulting tax obligation, as authorized in the award agreement.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/24/2026 - 04:19 PM Accepted by SEC EDGAR 08/24/2026 - 04:18 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^*

O'Melia Scott L.

(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)
	Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2026

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	08/21/2026		F(1)		28,892	D	$13.17	346,523	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 August 23, 2024. This is authorized in the applicable restricted stock award agreement.

Remarks:

	/s/ Scott O'Melia, Attorney-In-Fact	08/24/2026
	** 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)