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Filing Details

Accession Number:: 0000899243-21-029462
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-07-22 16:05:43
Reporting Period:: 2021-07-20

Accepted Time:: 2021-07-22 16:05:43
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1718227	Construction Partners Inc.	ROAD	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1208091	P L Partners Capital Suntx	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1410954	Suntx Cpi Expansion Fund Lp	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1702326	Suntx Fulcrum Fund Prime, L.p.	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1707712	Iii N Ned Fleming	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1711005	Suntx Fulcrum Dutch Investors Prime, L.p.	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1739134	R Mark Matteson	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1739383	Craig Jennings	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1739424	Suntx Capital Management Corp.	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No
1739437	Suntx Cpi Expansion Fund Gp, L.p.	5420 Lbj Freeway, Suite 1000 Dallas TX 75240	Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2021-07-20	15,756	$32.00	90,000	No	4	S	Indirect	By SunTx Fulcrum Dutch Investors Prime, L.P.
Class A Common Stock	Disposition	2021-07-21	90,000	$32.00	0	No	4	S	Indirect	By SunTx Fulcrum Dutch Investors Prime, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By SunTx Fulcrum Dutch Investors Prime, L.P.
No	4	S	Indirect	By SunTx Fulcrum Dutch Investors Prime, L.P.

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	194,244	Indirect	By SunTx Fulcrum Fund Prime, L.P.
Class A Common Stock	428,817	Indirect	By SunTx Capital Partners II, LP
Class A Common Stock	234,247	Indirect	By SunTx Capital Partners II Dutch Investors, LP
Class A Common Stock	114,575	Direct
Class A Common Stock	4,000	Indirect	By spouse of Ned N. Fleming, III
Class A Common Stock	38,192	Direct
Class A Common Stock	39,192	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Class B Common Stock	$0.00	4,860,963	4,860,963	Indirect
Class A Common Stock	Class B Common Stock	$0.00	1,400,268	1,400,268	Indirect
Class A Common Stock	Class B Common Stock	$0.00	672,391	672,391	Indirect
Class A Common Stock	Class B Common Stock	$0.00	396,519	396,519	Indirect
Class A Common Stock	Class B Common Stock	$0.00	4,122,508	4,122,508	Indirect
Class A Common Stock	Class B Common Stock	$0.00	2,244,470	2,244,470	Indirect

Amount	Remaning Holdings	Nature of Ownership
4,860,963	4,860,963	Indirect
1,400,268	1,400,268	Indirect
672,391	672,391	Indirect
396,519	396,519	Indirect
4,122,508	4,122,508	Indirect
2,244,470	2,244,470	Indirect

Footnotes

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.00 to $32.04, inclusive. The reporting person undertakes to provide to Construction Partners, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote
These securities of the Issuer are directly held by SunTx Fulcrum Dutch Investors Prime, L.P. ("SunTx Fulcrum Dutch Fund"). The general partner of SunTx Fulcrum Dutch Fund is SunTx Capital Partners L.P. ("SunTx Partners GP").
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.00 to $32.28, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
These securities of the Issuer are directly held by SunTx Fulcrum Fund Prime, L.P. ("SunTx Fulcrum Fund"). The general partner of SunTx Fulcrum Fund is SunTx Partners GP.
The general partner of each of SunTx CPI Expansion Fund, L.P. ("SunTx Expansion Fund") and SunTx Partners GP is SunTx Capital Management Corp. ("SunTx Capital Management"). Ned N. Fleming, III, a director of the Issuer, is the sole shareholder and director of SunTx Capital Management. Craig Jennings and Mark R. Matteson, each a director of the Issuer, are each executive officers of SunTx Capital Management. Each of SunTx Expansion GP (defined below), SunTx Partners GP, SunTx Capital Management, Mr. Fleming, Mr. Jennings and Mr. Matteson may be deemed to beneficially own securities of the Issuer held by certain of the SunTx Funds (defined below).
(Continued from Footnote 6) Each such entity and person disclaims beneficial ownership of such securities except to the extent of its or his pecuniary interest therein and this report shall not be deemed an admission that any such entity or person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
These securities of the Issuer are directly held by SunTx Capital Partners II, LP ("SunTx Partners II"). The general partner of SunTx Partners II is SunTx Capital Partners II GP, LP ("SunTx Partners II GP").
These securities of the Issuer are directly held by SunTx Capital Partners II Dutch Investors, LP ("SunTx Partners Dutch LP," and together with SunTx Expansion Fund, SunTx Fulcrum Fund, SunTx Fulcrum Dutch Fund and SunTx Partners II, the "SunTx Funds"). The general partner of SunTx Partners Dutch LP is SunTx Partners II GP.
The general partner of SunTx Partners II GP is SunTx Capital II Management Corp. ("SunTx Capital II Management"). Mr. Fleming is the majority shareholder and sole director of SunTx Capital II Management. Mr. Jennings and Mr. Matteson, each a director of the Issuer, are shareholders of SunTx Capital II Management. Each of SunTx Partners II GP, SunTx Capital II Management, Mr. Fleming, Mr. Jennings and Mr. Matteson may be deemed to beneficially own securities of the Issuer held by certain of the SunTx Funds. Each such entity and person disclaims beneficial ownership of such securities except to the extent of its or his pecuniary interest therein and this report shall not be deemed an admission that any such entity or person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Includes 38,192 restricted shares of Class A Common Stock of the Issuer granted to Ned N. Fleming, III under the Construction Partners, Inc. 2018 Equity Incentive Plan that will vest on January 1, 2022.
Includes 12,731 restricted shares of Class A Common Stock of the Issuer granted to Craig Jennings under the Construction Partners, Inc. 2018 Equity Incentive Plan that will vest on January 1, 2022.
Includes 12,731 restricted shares of Class A Common Stock of the Issuer granted to Mark R. Matteson under the Construction Partners, Inc. 2018 Equity Incentive that will vest on January 1, 2022.
Securities held directly by Ned N. Fleming, III.
Securities held directly by Craig Jennings.
Securities held directly by Mark R. Matteson.
Each share of Class B common stock, par value $0.001 per share ("Class B common stock"), of the Issuer is convertible into one share of Class A common stock, par value $0.001 per share ("Class A common stock") of the Issuer (i) at any time at the option of the holder or (ii) upon any transfer, except for certain transfers described in the Issuer's amended and restated certificate of incorporation. In addition, upon the election of the holders of a majority of the then-outstanding shares of Class B common stock, all outstanding shares of Class B common stock will be converted into shares of Class A common stock. The holders of Class A common stock and Class B common stock vote as a single class on all matters submitted to a vote of stockholders. The holders of Class A common stock are entitled to one vote per share, and the holders of the Class B common stock are entitled to 10 votes per share. The shares of Class B common stock do not expire.
These securities of the Issuer are directly held by SunTx Expansion Fund. The general partner of SunTx Expansion Fund is SunTx CPI Expansion Fund GP, L.P. ("SunTx Expansion GP").
These securities of the Issuer are directly held by SunTx Expansion GP.