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
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 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*
RC IV Cayman ICW Holdings LLC
(Last) (First) (Middle)
C/O ROARK CAPITAL MANAGEMENT, LLC
1180 PEACHTREE STREET, SUITE 2500
(Street)
ATLANTA GA 30309
(City) (State) (Zip)
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 X 10% Owner
Officer (give title below) X Other (specify below)
See Remarks.
3. Date of Earliest Transaction (Month/Day/Year)
11/15/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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, par value $0.01 per share 32,758,952 I See footnote(1)(2)(3)(4)
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
1. Name and Address of Reporting Person*
RC IV Cayman ICW Holdings LLC
(Last) (First) (Middle)
C/O ROARK CAPITAL MANAGEMENT, LLC
1180 PEACHTREE STREET, SUITE 2500
(Street)
ATLANTA GA 30309
(City) (State) (Zip)
1. Name and Address of Reporting Person*
RC IV CAYMAN ICW HOLDINGS SUB LLC
(Last) (First) (Middle)
C/O ROARK CAPITAL MANAGEMENT, LLC
1180 PEACHTREE STREET, SUITE 2500
(Street)
ATLANTA GA 30309
(City) (State) (Zip)
1. Name and Address of Reporting Person*
RC IV Cayman ICW Equity LLC
(Last) (First) (Middle)
C/O ROARK CAPITAL MANAGEMENT, LLC
1180 PEACHTREE STREET, SUITE 2500
(Street)
ATLANTA GA 30309
(City) (State) (Zip)
1. Name and Address of Reporting Person*
Roark Capital Partners IV Cayman AIV LP
(Last) (First) (Middle)
C/O ROARK CAPITAL MANAGEMENT, LLC
1180 PEACHTREE STREET, SUITE 2500
(Street)
ATLANTA GA 30309
(City) (State) (Zip)
1. Name and Address of Reporting Person*
Roark Capital GenPar IV Cayman AIV LP
(Last) (First) (Middle)
C/O ROARK CAPITAL MANAGEMENT, LLC
1180 PEACHTREE STREET, SUITE 2500
(Street)
ATLANTA GA 30309
(City) (State) (Zip)
1. Name and Address of Reporting Person*
Roark Capital GenPar IV Cayman AIV Ltd.
(Last) (First) (Middle)
C/O ROARK CAPITAL MANAGEMENT, LLC
1180 PEACHTREE STREET, SUITE 2500
(Street)
ATLANTA GA 30309
(City) (State) (Zip)
Explanation of Responses:
1. Consists of shares held directly by RC IV Cayman ICW Holdings Sub LLC. Includes 14,056,415 shares previously held directly by RC IV Cayman ICW Holdings LLC.
2. In connection with a recapitalization of Driven Equity LLC, RC IV Cayman ICW Equity LLC acquired a pecuniary interest in shares held by Driven Equity LLC.
3. RC IV Cayman ICW Holdings Sub LLC is controlled by RC IV Cayman ICW Holdings LLC. RC IV Cayman ICW Holdings LLC is controlled by RC IV Cayman ICW Equity LLC. RC IV Cayman ICW Equity LLC is controlled by Roark Capital Partners IV Cayman AIV LP, which is in turn controlled by its general partner, Roark Capital GenPar IV Cayman AIV LP. Roark Capital GenPar IV Cayman AIV LP is controlled by its general partner, Roark Capital GenPar IV Cayman AIV Ltd.
4. Each of RC IV Cayman ICW Holdings LLC, RC IV Cayman ICW Equity LLC, Roark Capital Partners IV Cayman AIV LP, Roark Capital GenPar IV Cayman AIV LP and Roark Capital GenPar IV Cayman AIV Ltd. may be deemed to have voting and dispositive power with respect to the common stock directly owned by RC IV Cayman ICW Holdings Sub LLC and therefore be deemed to be the beneficial owner of the common stock held by RC IV Cayman ICW Holdings Sub LLC, but each disclaims beneficial ownership of such common stock except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that any such entity or person is the beneficial owner of or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Remarks:
The reporting persons are members of a 10% group with Driven Equity LLC, Driven Equity Sub LLC, RC Driven Holdco LLC, Roark Capital Partners AIV III LP and Roark Capital GenPar III LLC (the "Driven Equity Parties") and Neal K Aronson. None of the shares of common stock held by Mr. Aronson and the Driven Equity Parties are reflected in this report.
See signatures attached as Exhibit 99.1 11/17/2023
** 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.
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EXHIBIT 99.1

This statement on Form 4 is filed by: (i) RC IV Cayman ICW Holdings LLC, (ii) RC IV Cayman ICW Holdings Sub LLC, (iii) RC IV Cayman ICW Equity LLC, (iv) Roark Capital Partners IV Cayman AIV LP, (v) Roark Capital GenPar IV Cayman AIV LP and (vi) Roark Capital GenPar IV Cayman AIV Ltd.

Name of Designated Filer: RC IV Cayman ICW Holdings LLC

Date of Event Requiring Statement: November 15, 2023

Issuer Name and Ticker or Trading Symbol: Driven Brands Holdings Inc. [DRVN]

  RC IV CAYMAN ICW holdings LLC  
       
  By: /s/ Stephen D. Aronson  
    Name: Stephen D. Aronson  
    Title: Manager  
       
  RC IV CAYMAN ICW holdings SUB LLC  
       
  By: /s/ Stephen D. Aronson  
    Name: Stephen D. Aronson  
    Title: Manager  
       
  RC IV CAYMAN ICW EQUITY LLC  
       
  By: /s/ Stephen D. Aronson  
    Name: Stephen D. Aronson  
    Title: Director  
       
  ROARK CAPITAL PARTNERS IV CAYMAN AIV LP  
       
  By: /s/ Stephen D. Aronson  
    Name: Stephen D. Aronson  
    Title: Director  
       
  Roark Capital GENPAR IV CAYMAN AIV LP  
       
  By: /s/ Stephen D. Aronson  
    Name: Stephen D. Aronson  
    Title: Director  
       
  ROARK CAPITAL GENPAR IV CAYMAN AIV LTD.  
       
  By: /s/ Stephen D. Aronson  
    Name: Stephen D. Aronson  
    Title: Director  
       

 

   

 

EXHIBIT 99.1

This statement on Form 4 is filed by: (i) RC IV Cayman ICW Holdings LLC, (ii) RC IV Cayman ICW Holdings Sub LLC, (iii) RC IV Cayman ICW Equity LLC, (iv) Roark Capital Partners IV Cayman AIV LP, (v) Roark Capital GenPar IV Cayman AIV LP and (vi) Roark Capital GenPar IV Cayman AIV Ltd.

Name of Designated Filer: RC IV Cayman ICW Holdings LLC

Date of Event Requiring Statement: November 15, 2023

Issuer Name and Ticker or Trading Symbol: Driven Brands Holdings Inc. [DRVN]

  RC IV CAYMAN ICW holdings LLC  
       
  By: /s/ Stephen D. Aronson  
    Name: Stephen D. Aronson  
    Title: Manager  
       
  RC IV CAYMAN ICW holdings SUB LLC  
       
  By: /s/ Stephen D. Aronson  
    Name: Stephen D. Aronson  
    Title: Manager  
       
  RC IV CAYMAN ICW EQUITY LLC  
       
  By: /s/ Stephen D. Aronson  
    Name: Stephen D. Aronson  
    Title: Director  
       
  ROARK CAPITAL PARTNERS IV CAYMAN AIV LP  
       
  By: /s/ Stephen D. Aronson  
    Name: Stephen D. Aronson  
    Title: Director  
       
  Roark Capital GENPAR IV CAYMAN AIV LP  
       
  By: /s/ Stephen D. Aronson  
    Name: Stephen D. Aronson  
    Title: Director  
       
  ROARK CAPITAL GENPAR IV CAYMAN AIV LTD.  
       
  By: /s/ Stephen D. Aronson  
    Name: Stephen D. Aronson  
    Title: Director  
       

 

   

 

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