Yesway insider files initial holdings disclosure
Yesway, Inc. reported initial holdings for General Counsel and Secretary Kurt M. Zernich.
Rhea-AI Filing Summary
Yesway, Inc. reported initial holdings for General Counsel and Secretary Kurt M. Zernich. The filing shows direct ownership of 77,089 shares of Class B Common Stock and 77,089 LLC Interests of BW Ultimate Parent, LLC.
According to the disclosure, each LLC Interest may be redeemed on or after the closing of the Initial Public Offering for one share of Class A Common Stock, subject to exceptions, conditions and adjustments. When an LLC Interest is exchanged, an equal number of Class B Common Stock shares held by the insider are cancelled. The LLC Interests have no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Zernich Kurt M.
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | LLC Interests | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
LLC Interests — 77,089 contracts (Direct);
Class B Common Stock — 77,089 shares (Direct)
Footnotes (1)
- F1. The membership units of BW Ultimate Parent, LLC ("LLC Interests") may be redeemed by the Reporting Person at any time on or following the closing of the Initial Public Offering for shares of Class A Common Stock on a 1-to-1 basis, subject to certain exceptions, conditions and adjustments. At the time of any such exchange, an equal number of shares of Class B Common Stock of the Issuer held by the Reporting Person, are cancelled. The LLC Interests have no expiration date.
Key Figures
Class B Common Stock held: 77,089 shares
LLC Interests held: 77,089 units
Redemption ratio: 1-to-1
+1 more
4 metrics
Class B Common Stock held
77,089 shares
Direct holdings reported on Form 3
LLC Interests held
77,089 units
BW Ultimate Parent, LLC Interests, redeemable into Class A Common Stock
Redemption ratio
1-to-1
Each LLC Interest redeemable for one share of Class A Common Stock
Exercise price of LLC Interests
$0.0000
Exercise/redemption price disclosed for LLC Interests
Key Terms
Class B Common Stock, LLC Interests, Initial Public Offering, Class A Common Stock
4 terms
Class B Common Stock financial
"The filing shows direct ownership of 77,089 shares of Class B Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
LLC Interests financial
"The membership units of BW Ultimate Parent, LLC ("LLC Interests") may be redeemed"
Initial Public Offering financial
"may be redeemed by the Reporting Person at any time on or following the closing of the Initial Public Offering"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
Class A Common Stock financial
"for shares of Class A Common Stock on a 1-to-1 basis"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Yesway (YSWY) Form 3 filing for Kurt M. Zernich show?
The Form 3 shows initial ownership for General Counsel and Secretary Kurt M. Zernich, including 77,089 shares of Class B Common Stock and 77,089 LLC Interests exchangeable into Class A Common Stock, with no reported purchases or sales.
What are the LLC Interests reported in the Yesway (YSWY) Form 3?
The filing reports 77,089 LLC Interests in BW Ultimate Parent, LLC. Each LLC Interest may be redeemed on or after the Initial Public Offering closing for one share of Class A Common Stock, subject to stated exceptions, conditions and adjustments, with no expiration date.
Can the LLC Interests in Yesway (YSWY) be converted into Class A Common Stock?
Yes. Each LLC Interest may be redeemed 1-for-1 into Class A Common Stock on or after the Initial Public Offering closing, subject to exceptions, conditions and adjustments. When exchanged, an equal number of Class B Common Stock shares held are cancelled.
Does the Yesway (YSWY) Form 3 indicate any insider buying or selling activity?
No. The Form 3 reflects holdings only, with no buy or sell transactions reported. It lists 77,089 Class B Common Stock shares and 77,089 LLC Interests, serving as an initial ownership snapshot for the reporting officer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
