FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 04/01/2023 |
3. Issuer Name and Ticker or Trading Symbol
Enviva Inc. [ EVA ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 352,444(1) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series A Preferred Stock | (2) | (2) | Common Stock | 13,259(3) | $37.71 | D |
Explanation of Responses: |
1. The amount of securities beneficially owned in Table I does not include 374,598 shares of Common Stock of Enviva Inc. (the "Issuer") previously contributed by the Reporting Person to a charitable remainder trust (the "Trust") principally for estate planning and charitable purposes, which include supporting several personal philanthropic initiatives. The holdings of the Trust are not reportable by the Reporting Person for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The amount of securities beneficially owned in Table I also does not include 105,947 shares of Common Stock withheld for payment of taxes, which withholding event was not reportable by the Reporting Person for purposes of Section 16 of the Exchange Act, in respect to the vesting and settlement of 246,329 restricted stock units reported on the Reporting Person's Form 4 filed on November 16, 2022. |
2. The conversion of the Series A Preferred Stock (the "Preferred Shares") to shares of Common Stock of the Issuer is subject to and will occur automatically upon stockholder approval of a proposal to issue Common Stock upon conversion of the Preferred Shares for purposes of Rule 312.03 of the New York Stock Exchange Listed Company Manual. |
3. Each Preferred Share is convertible into one share of Common Stock of the Issuer, subject to adjustment for any stock dividends, splits, combinations, and similar events. |
Remarks: |
The Reporting Person is the Executive Chairman of Enviva Inc., the Issuer. |
/s/ Jason E. Paral, as attorney-in-fact for John K. Keppler | 04/11/2023 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |