Yesway (YSWY) director granted Class A, Class B stock and LLC interests
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Papazian Greg M. reported acquisition or exercise transactions in this Form 4 filing.
Yesway, Inc. director Greg M. Papazian reported equity awards rather than open‑market trades. He received 7,000 shares of Class A Common Stock on April 24, 2026 as a share-based grant, leaving him with 7,000 Class A shares directly owned.
On April 21, 2026, he was credited with 22,954 shares of Class B Common Stock and 22,954 LLC Interests in BW Ultimate Parent, LLC in connection with Yesway’s IPO-related reorganization, previously reflected on a Form 3. The LLC Interests are redeemable at any time on a 1‑for‑1 basis for Class A Common Stock, with a corresponding number of Class B shares forfeited, and have no expiration date. He also received 7,000 restricted stock units tied to Class A shares, vesting in three equal annual installments starting on the date the IPO registration statement becomes effective.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Papazian Greg M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 7,000 | $0.00 | -- |
| Grant/Award | LLC Interests | 22,954 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 22,954 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 7,000 shares (Direct, null);
LLC Interests — 22,954 shares (Direct, null);
Class B Common Stock — 22,954 shares (Direct, null)
Footnotes (1)
- Represents securities received as part of the Issuer's reorganization in connection with its initial public offering, as described in the registration statement on Form S-1 relating to the initial public offering (the "Registration Statement"). These securities were previously reported on a Form 3 filed by the Reporting Person. Represents an award of restricted stock units (the "RSUs"), each of which represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs will vest in equal installments on each of the first three anniversaries of the date of effectiveness of the Registration Statement. The membership units of BW Ultimate Parent, LLC (the "LLC Interests") may be redeemed by the Reporting Person at any time at the option of the holder for shares of Class A Common Stock on a 1-to-1 basis, and a corresponding number of shares of Class B Common Stock will be forfeited in connection with the redemption. The LLC Interests have no expiration date.
Key Figures
Class A shares granted: 7,000 shares
Class A shares held after grant: 7,000 shares
Class B shares allocated: 22,954 shares
+4 more
7 metrics
Class A shares granted
7,000 shares
Award of Class A Common Stock on April 24, 2026
Class A shares held after grant
7,000 shares
Direct Class A ownership following April 24, 2026 award
Class B shares allocated
22,954 shares
Class B Common Stock after April 21, 2026 reorganization entry
LLC Interests granted
22,954 units
BW Ultimate Parent, LLC Interests on April 21, 2026
LLC-to-Class A ratio
1-to-1
Each LLC Interest redeemable for one Class A share
Restricted stock units
7,000 RSUs
RSU award tied to Class A shares, three-year vesting schedule
Grant price per share
$0.00 per share
Stated price for all reported A-code acquisitions
Key Terms
restricted stock units, initial public offering, registration statement on Form S-1, Class B Common Stock, +2 more
6 terms
restricted stock units financial
"Represents an award of restricted stock units (the "RSUs"), each of which represents a contingent right"
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.
initial public offering financial
"Issuer's reorganization in connection with its initial public offering, as described in the registration statement"
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.
registration statement on Form S-1 regulatory
"as described in the registration statement on Form S-1 relating to the initial public offering"
A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.
Class B Common Stock financial
"and a corresponding number of shares of Class B Common Stock will be forfeited in connection with the redemption"
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 (the "LLC Interests") may be redeemed"
vest in equal installments financial
"The RSUs will vest in equal installments on each of the first three anniversaries"
FAQ
What did Yesway (YSWY) director Greg Papazian report in this Form 4?
Greg Papazian reported equity awards, not market trades. He received 7,000 Class A shares as a grant, 22,954 Class B shares, 22,954 LLC Interests, and 7,000 RSUs connected to Yesway’s IPO-related reorganization and ongoing stock-based compensation.
What are the Class B Common Stock holdings reported for Yesway (YSWY) director Greg Papazian?
Papazian is shown holding 22,954 shares of Yesway Class B Common Stock after the April 21, 2026 reorganization-related entry. These shares are paired with 22,954 LLC Interests and are forfeited on a one‑for‑one basis when the LLC Interests are redeemed into Class A shares.
How do the LLC Interests reported for Yesway (YSWY) work?
Papazian holds 22,954 LLC Interests in BW Ultimate Parent, LLC, each redeemable at any time for one Yesway Class A share. When redeemed, a matching 22,954 Class B shares are forfeited. The filing states these LLC Interests have no expiration date.
What are the restricted stock units (RSUs) granted to Yesway (YSWY) director Greg Papazian?
Papazian received 7,000 RSUs, each representing a contingent right to one Yesway Class A share. The RSUs vest in three equal annual installments beginning on the date the IPO registration statement becomes effective, aligning his compensation with long-term company performance.
Were Greg Papazian’s Yesway (YSWY) transactions open-market buys or sells?
No, the reported transactions are awards and reorganization-related allocations, not open-market buys or sells. All three entries use code A for grants or other acquisitions at a stated price of $0.00 per share, reflecting compensation and structural equity, not trading activity.