Form 4: Custom Truck One Source Director Forfeits Shares Under Stockholders' Agreement

Mark Ein, a director of Custom Truck One Source, Inc., forfeited 1,832,810 shares of common stock on July 31, 2024, according to a recent SEC filing.

Summary

• On July 31, 2024, Mark Ein, a director of Custom Truck One Source, Inc. (CTOS), forfeited 1,832,810 shares of common stock.
• The forfeiture was for no consideration and was made pursuant to the terms of the Second Amended and Restated Stockholders' Agreement dated April 13, 2023.
• Following the transaction, Mark Ein directly owns 1,563,489 shares and indirectly owns 3,670,276 shares through Capitol Acquisition Management IV, LLC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a stock forfeiture, which is neither inherently positive nor negative. The sentiment is neutral.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a company (officers, directors, or any individuals owning more than 10% of the company's shares) buy or sell the company's securities.

Stakeholder Impact

• The forfeiture of shares by a director could be perceived differently by stakeholders; some might see it as a neutral event related to prior agreements, while others might interpret it as a lack of confidence, depending on the context.

Key Dates