Form 4: Driven Brands COO Sells Shares for Tax Obligation

Driven Brands Holdings Inc.'s EVP, Chief Operating Officer, Muhammad Khalid, disposed of 10,655 shares of common stock to cover tax obligations related to restricted stock unit vesting.

Summary

• Muhammad Khalid, EVP, Chief Operating Officer of Driven Brands Holdings Inc. (DRVN), disposed of 10,655 shares of common stock.
• The transaction occurred on November 7, 2025, with a deemed execution date of November 7, 2025.
• The shares were disposed of at a price of $13.85 per share.
• This disposition was an automatic withholding by the issuer to satisfy the reporting person's tax obligation associated with the vesting of restricted stock units (RSUs).
• The RSUs were originally granted on November 7, 2023.
• Following this transaction, Muhammad Khalid directly beneficially owns 166,457 shares of common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax purposes, which is a neutral event and does not indicate positive or negative sentiment towards the company's performance or prospects.

Future Outlook

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

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, which is common across all industries for publicly traded companies. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in management's confidence or strategic direction.

Key Dates

Keywords

Driven Brands Holdings Inc., DRVN, Muhammad Khalid, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, Executive Compensation