STOCK TITAN

Westrock Coffee (WEST) director’s holdings and 5% convertible note terms detailed

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Westrock Coffee Co director Tabor A. Wellford reports beneficial ownership of 79,000 shares of common stock in direct holdings. The disclosure also outlines terms for the company’s 5% convertible notes due 2029 and 5% convertible senior notes due 2031, including conversion windows and pricing mechanics.

The 2029 notes initially convert at a price of $12.84, or 77.88 common shares per $1,000 principal. The 2031 notes initially convert at $5.25, or 190.48 shares per $1,000, with conversions generally permitted only after specific dates or price triggers and subject to a 19.99% issuance cap relative to pre‑issuance common shares.

Positive

  • None.

Negative

  • None.
Insider Tabor A Wellford
Role null
Type Security Shares Price Value
holding 5% Convertible Note due 2029 -- -- --
holding 5% Convertible Senior Notes due 2031 -- -- --
holding COMMON STOCK -- -- --
Holdings After Transaction: 5% Convertible Note due 2029 — 0 shares (Direct, null); 5% Convertible Senior Notes due 2031 — 0 shares (Direct, null); COMMON STOCK — 79,000 shares (Direct, null)
Footnotes (1)
  1. Holders of the Issuer's 5% convertible notes due 2029 (the "2029 convertible notes") may voluntarily convert their 2029 convertible notes in denominations of $1,000 (i) during the period commencing on August 15, 2024, and prior to the close of business on the trading day immediately preceding August 15, 2028, if the closing price of the Issuer's Common Stock for at least 20 trading days (whether or not consecutive) during the period of any 30 consecutive trading days in the immediately preceding calendar quarter is equal to or greater than 130% of the conversion price; (ii) during the period commencing on August 15, 2028, and prior to the close of business on the second scheduled trading day immediately preceding February 15, 2029, at any time; and (iii) during the 35 trading days following the effective date of certain fundamental change transactions that occur prior to the close of business on the trading day immediately preceding August 15, 2028. Conversions of the 2029 convertible notes will be settled, at the Issuer's election, in cash, shares of the Issuer's Common Stock or a combination thereof. The initial conversion price of the 2029 convertible notes is $12.84, which corresponds to an initial conversion rate of 77.88 shares of Issuer Common Stock per $1,000 principal amount of 2029 convertible notes. The conversion price and conversion rate are subject to customary adjustments and the Issuer may not issue more than 19.99% of the issued and outstanding Common Stock immediately prior to the issuance of the 2029 convertible notes in respect of the conversion of the 2029 convertible notes. Holders of the Issuer's 5% convertible senior notes due 2031 (the "2031 convertible notes") may voluntarily convert their 2031 convertible notes in denominations of $1,000 (i) during the period commencing on May 4, 2026, and prior to the close of business on the trading day immediately preceding August 15, 2030, if the closing price of the Issuer's Common Stock for at least 20 trading days (whether or not consecutive) during the period of any 30 consecutive trading days in the immediately preceding calendar quarter is equal to or greater than 130% of the conversion price; (ii) during the period commencing on August 15, 2030, and prior to the close of business on the second scheduled trading day immediately preceding February 15, 2031, at any time; and (iii) during the 35 trading days following the effective date of certain fundamental change transactions that occur prior to the close of business on the trading day immediately preceding August 15, 2030. Conversions of the 2031 convertible notes will be settled, at the Issuer's election, in cash, shares of the issuer's Common Stock or a combination thereof. The initial conversion price of the 2031 convertible notes is $5.25, which corresponds to an initial conversion rate of 190.48 shares of Issuer Common Stock per $1,000 principal amount of 2031 convertible notes. The conversion price and conversion rate are subject to customary adjustments and the Issuer may not issue more than 19.99% of the issued and outstanding Common Stock immediately prior to the issuance of the 2031 convertible notes in respect of the conversion of the 2031 convertible notes.
Director common stock holdings 79,000 shares Direct beneficial ownership reported by Tabor A. Wellford
2029 notes initial conversion price $12.84 per share 5% convertible notes due 2029
2029 notes conversion rate 77.88 shares per $1,000 Initial conversion rate for 2029 convertible notes
2031 notes initial conversion price $5.25 per share 5% convertible senior notes due 2031
2031 notes conversion rate 190.48 shares per $1,000 Initial conversion rate for 2031 convertible senior notes
Equity issuance cap for each note series 19.99% of common stock Maximum shares issuable relative to pre‑issuance outstanding stock
2029 notes early conversion start August 15, 2024 First date for price‑triggered voluntary conversion
2031 notes early conversion start May 4, 2026 First date for price‑triggered voluntary conversion
5% convertible notes due 2029 financial
"Holders of the Issuer's 5% convertible notes due 2029 (the "2029 convertible notes") may voluntarily convert"
5% convertible senior notes due 2031 financial
"Holders of the Issuer's 5% convertible senior notes due 2031 (the "2031 convertible notes") may voluntarily convert"
conversion price financial
"The initial conversion price of the 2029 convertible notes is $12.84"
The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.
conversion rate financial
"which corresponds to an initial conversion rate of 77.88 shares of Issuer Common Stock per $1,000 principal amount"
Conversion rate is the proportion of items, people or contracts that take a desired action out of the total possible — for example the share of website visitors who make a purchase, or the number of convertible bonds that are exchanged for shares. Investors care because it measures how effectively a business or financial instrument turns opportunity into real outcomes, like sales or share issuance, which directly affects revenue, cash flow and ownership dilution.
fundamental change transactions financial
"during the 35 trading days following the effective date of certain fundamental change transactions"
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Tabor A Wellford

(Last)(First)(Middle)
4009 N. RODNEY PARHAM RD., 4TH FLOOR

(Street)
LITTLE ROCK ARKANSAS 72212

(City)(State)(Zip)

UNITED STATES

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
04/20/2026
3. Issuer Name and Ticker or Trading Symbol
Westrock Coffee Co [ WEST ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
COMMON STOCK79,000D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
5% Convertible Note due 202908/15/2024(1)(2)02/15/2029Common Stock$2,000,000(1)(2)(1)(2)D
5% Convertible Senior Notes due 203105/04/2026(3)(4)02/15/2031Common Stock$2,000,000(3)(4)(3)(4)D
Explanation of Responses:
1. Holders of the Issuer's 5% convertible notes due 2029 (the "2029 convertible notes") may voluntarily convert their 2029 convertible notes in denominations of $1,000 (i) during the period commencing on August 15, 2024, and prior to the close of business on the trading day immediately preceding August 15, 2028, if the closing price of the Issuer's Common Stock for at least 20 trading days (whether or not consecutive) during the period of any 30 consecutive trading days in the immediately preceding calendar quarter is equal to or greater than 130% of the conversion price; (ii) during the period commencing on August 15, 2028, and prior to the close of business on the second scheduled trading day immediately preceding February 15, 2029, at any time; and (iii) during the 35 trading days following the effective date of certain fundamental change transactions that occur prior to the close of business on the trading day immediately preceding August 15, 2028.
2. Conversions of the 2029 convertible notes will be settled, at the Issuer's election, in cash, shares of the Issuer's Common Stock or a combination thereof. The initial conversion price of the 2029 convertible notes is $12.84, which corresponds to an initial conversion rate of 77.88 shares of Issuer Common Stock per $1,000 principal amount of 2029 convertible notes. The conversion price and conversion rate are subject to customary adjustments and the Issuer may not issue more than 19.99% of the issued and outstanding Common Stock immediately prior to the issuance of the 2029 convertible notes in respect of the conversion of the 2029 convertible notes.
3. Holders of the Issuer's 5% convertible senior notes due 2031 (the "2031 convertible notes") may voluntarily convert their 2031 convertible notes in denominations of $1,000 (i) during the period commencing on May 4, 2026, and prior to the close of business on the trading day immediately preceding August 15, 2030, if the closing price of the Issuer's Common Stock for at least 20 trading days (whether or not consecutive) during the period of any 30 consecutive trading days in the immediately preceding calendar quarter is equal to or greater than 130% of the conversion price; (ii) during the period commencing on August 15, 2030, and prior to the close of business on the second scheduled trading day immediately preceding February 15, 2031, at any time; and (iii) during the 35 trading days following the effective date of certain fundamental change transactions that occur prior to the close of business on the trading day immediately preceding August 15, 2030.
4. Conversions of the 2031 convertible notes will be settled, at the Issuer's election, in cash, shares of the issuer's Common Stock or a combination thereof. The initial conversion price of the 2031 convertible notes is $5.25, which corresponds to an initial conversion rate of 190.48 shares of Issuer Common Stock per $1,000 principal amount of 2031 convertible notes. The conversion price and conversion rate are subject to customary adjustments and the Issuer may not issue more than 19.99% of the issued and outstanding Common Stock immediately prior to the issuance of the 2031 convertible notes in respect of the conversion of the 2031 convertible notes.
/s/ BY: ROBERT P. MCKINNEY AS ATTORNEY-IN-FACT FOR A. WELLFORD TABOR04/21/2026
** Signature of Reporting PersonDate
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 5 (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 3: SEC 1473 (03-26)

FAQ

What does Westrock Coffee (WEST) director Tabor A. Wellford report on this Form 3?

Tabor A. Wellford reports holding 79,000 shares of Westrock Coffee common stock directly. The filing establishes his initial beneficial ownership position as a director, providing a baseline for tracking any future transactions or changes in his equity exposure to the company.

How can Westrock Coffee’s 5% convertible notes due 2029 be converted?

The 2029 notes may be converted in $1,000 denominations after August 15, 2024 if the stock trades at least 130% of the conversion price for 20 days in a 30‑day window, later during specified periods, and after certain fundamental change transactions.

What is the initial conversion price and rate for Westrock Coffee’s 2029 convertible notes?

The 2029 convertible notes have an initial conversion price of $12.84, equal to 77.88 shares of common stock per $1,000 principal. The conversion price and rate are subject to customary adjustments over time, depending on corporate actions and other specified events.

What are the key conversion terms for Westrock Coffee’s 5% convertible senior notes due 2031?

Holders may convert the 2031 notes in $1,000 denominations starting May 4, 2026 if the stock trades at least 130% of the conversion price for 20 of 30 days, later during set windows, and after certain fundamental change transactions, similar to the 2029 notes.

What is the initial conversion price and rate for Westrock Coffee’s 2031 convertible senior notes?

The 2031 convertible senior notes carry an initial conversion price of $5.25, equating to 190.48 shares of common stock per $1,000 principal. These terms can be adjusted under customary provisions tied to specific corporate events or capital structure changes.

How will conversions of Westrock Coffee’s 2029 and 2031 notes be settled?

Conversions of both the 2029 and 2031 notes will be settled, at Westrock Coffee’s election, in cash, common stock, or a combination. The company also limits share issuance for each series to no more than 19.99% of pre‑issuance outstanding common stock related to conversions.