Form 4: Aveanna Healthcare Director Reports Share Distributions from Investment Entities

Paul R. Vigano, a Director and 10% owner of Aveanna Healthcare Holdings, Inc., reported the disposition of shares through in-kind distributions from affiliated investment entities.

Summary

• Paul R. Vigano, a Director and 10% Owner of Aveanna Healthcare Holdings, Inc. (AVAH), filed a Form 4 reporting changes in his beneficial ownership.
• The reported transactions occurred on July 10, 2025, and involved the disposition of common stock through in-kind distributions.
• Vigano disposed of 64,773 shares of common stock via an in-kind distribution from PSA Healthcare Investment Holdings LLC.
• An additional 17,109 shares of common stock were disposed of via an in-kind distribution from PSA Iliad Holdings LLC.
• Both distributions were reported at a price of $0, indicating a non-cash transfer of shares.
• Following these transactions, Paul R. Vigano's indirect beneficial ownership includes 28,890,756 shares through J.H. Whitney VII, L.P., 15,523,809 shares through PSA Healthcare Investment Holdings LLC, 5,182,086 shares through JHW Iliad Holdings LLC, 1,426,034 shares through PSA Iliad Holdings LLC, and 543,207 shares through JHW Iliad Holdings II LLC.
• Vigano disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, due to his roles as a Managing Member of Equity Partners VII, a Member of Project Iliad, and a Senior Managing Director of Capital Partners, which are entities related to the indirect holdings.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing (Form 4) reporting changes in beneficial ownership due to in-kind distributions, which is a neutral event from a company performance or operational perspective.

Future Outlook

NA

Industry Context

This Form 4 filing is a standard regulatory disclosure of insider trading activity, specifically a change in beneficial ownership due to an in-kind distribution. It does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• The reported dispositions are in-kind distributions from PSA Healthcare Investment Holdings LLC and PSA Iliad Holdings LLC, entities through which Paul R. Vigano indirectly holds shares. These entities are part of a complex ownership structure involving J.H. Whitney Capital Partners, LLC and its affiliates, where Vigano holds various managing roles.

Stakeholder Impact

• Shareholders: The in-kind distributions represent a restructuring of beneficial ownership rather than a market sale, thus having minimal direct impact on the company's share price or liquidity.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing, as it pertains solely to insider share ownership changes.

Key Dates

Keywords

Aveanna Healthcare Holdings, AVAH, Form 4, Insider Transaction, Share Distribution, Beneficial Ownership, J.H. Whitney, Paul R. Vigano