Form 4: Driven Brands CLO Sells Shares for Tax Obligations

Driven Brands' Chief Legal Officer, Scott O'Melia, disposed of 30,589 shares of common stock to cover tax liabilities from restricted stock unit vesting.

Summary

• Scott L. O'Melia, Chief Legal Officer of Driven Brands Holdings Inc. (DRVN), reported a disposition of common stock.
• The transaction involved the sale of 30,589 shares of common stock on August 22, 2025.
• The shares were disposed of at a price of $18.25 per share.
• This disposition represents an automatic withholding by the issuer to satisfy tax obligations related to the vesting of restricted stock units.
• The restricted stock units were originally granted on August 23, 2024.
• Following this transaction, Scott L. O'Melia beneficially owns 343,230 shares of Driven Brands common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares for tax purposes upon RSU vesting, which does not reflect a change in management's outlook or company fundamentals. It is a neutral event.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive landscape.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary tax-related sale by an insider, not indicative of a change in confidence or strategic direction.

Key Dates

Keywords

Driven Brands, DRVN, Scott O'Melia, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, CLO