Form 4: Crestview Partners Reports Changes in Beneficial Ownership of Camping World Holdings

Crestview Partners and related entities report changes in their beneficial ownership of Camping World Holdings, including the grant of restricted stock units to Brian P. Cassidy and subsequent assignment to Crestview Advisors, L.L.C.

Summary

• Crestview Partners II GP, L.P., along with related entities CVRV Acquisition LLC, CVRV Acquisition II LLC, Crestview Advisors, L.L.C., and Brian P. Cassidy, filed a Form 4 detailing changes in their beneficial ownership of Camping World Holdings, Inc. (CWH).
• Brian P. Cassidy, a director of Camping World Holdings, was granted 9,650 restricted stock units (RSUs) relating to Class A Common Stock on May 15, 2025, which are scheduled to vest on May 15, 2026.
• Cassidy assigned all rights, title, and interest in these RSUs to Crestview Advisors, L.L.C.
• Following the reported transaction, CVRV Acquisition II LLC directly owns 1,873,626 Class A Shares.
• Additionally, 57,270 Class A Shares are either underlying RSUs granted to Cassidy or held by Crestview Advisors, L.L.C. from previously vested RSUs.
• CVRV Acquisition LLC directly beneficially owns 6,882,264 shares of Class B Common Stock.
• Crestview Partners II GP, L.P. may be deemed to have beneficial ownership of the Class A Shares held by CVRV Acquisition II LLC and the Class B Shares held by CVRV Acquisition LLC.
• Crestview Partners II GP, L.P. exercises voting and dispositive power over these shares through its investment committee.
• Each reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The grant of RSUs to a director aligns his interests with the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the ownership positions of company insiders and major shareholders.

Stakeholder Impact

• Shareholders are informed about changes in ownership by major stakeholders.

Key Dates

Keywords

Camping World Holdings, CWH, Crestview Partners, Brian Cassidy, Beneficial Ownership, Form 4, RSUs, Class A Shares, Class B Shares, Securities