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Filing Details

Accession Number:: 0001209191-21-021897
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-18 18:46:54
Reporting Period:: 2021-03-16

Accepted Time:: 2021-03-18 18:46:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1834585	Joann Inc.	JOAN	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1175523	Leonard Green & Partners, L.p.	11111 Santa Monica Boulevard, Suite 2000 Los Angeles CA 90025	Yes	No	Yes	No
1175525	Lgp Management Inc	11111 Santa Monica Boulevard, Suite 2000 Los Angeles CA 90025	Yes	No	Yes	No
1449640	Gei Capital V, Llc	11111 Santa Monica Boulevard, Suite 2000 Los Angeles CA 90025	Yes	No	Yes	No
1449643	Green Equity Investors Side V, L.p.	11111 Santa Monica Boulevard, Suite 2000 Los Angeles CA 90025	Yes	No	Yes	No
1449644	Green Equity Investors V, L.p.	11111 Santa Monica Boulevard, Suite 2000 Los Angeles CA 90025	Yes	No	Yes	No
1449645	Green V Holdings, Llc	11111 Santa Monica Boulevard, Suite 2000 Los Angeles CA 90025	Yes	No	Yes	No
1517337	Needle Coinvest Llc	11111 Santa Monica Blvd. Suite 2000 Los Angeles CA 90025	Yes	No	Yes	No
1632725	Peridot Coinvest Manager Llc	11111 Santa Monica Boulevard, Suite 2000 Los Angeles CA 90025	Yes	No	Yes	No
1642447	Lgp Associates V Llc	11111 Santa Monica Boulevard, Suite 2000 Los Angeles CA 90025	Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2021-03-16	3,994,539	$11.20	21,117,204	No	4	S	Direct
Common Stock	Disposition	2021-03-16	1,198,257	$11.20	6,334,611	No	4	S	Direct
Common Stock	Disposition	2021-03-16	71,038	$11.20	375,542	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Acquisiton	2021-03-17	23,436	$0.00	23,436	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
23,436			No	4	A	Indirect

Footnotes

Represents shares of Common Stock of the Issuer sold by Green Equity Investors V, L.P. ("GEI V").
Represents shares owned by GEI V.
GEI Capital V, LLC ("Capital") is the general partner of GEI V and Green Equity Investors Side V, L.P. ("GEI Side V"). Leonard Green & Partners, L.P. ("LGP") is the management company of GEI V and GEI Side V, and an affiliate of Capital. LGP Management, Inc. ("LGPM") is the general partner of LGP. Green V Holdings, LLC is a limited partner of GEI V and GEI Side V. LGP Associates V LLC ("Associates") is the manager of Needle Coinvest LLC ("Coinvest"). Peridot Coinvest Manager LLC ("Peridot") is the management company of Associates.
Each of GEI V, GEI Side V, Coinvest, Associates, Capital, LGP, LGPM, Holdings and Peridot directly (whether through ownership or position), or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of some or all of the shares of Common Stock held by GEI V, GEI Side V, and Coinvest (together, the "Investors") and, therefore, a "ten percent holder" hereunder.
Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein and not held for record by such Reporting Person, except to the extent of its pecuniary interest therein. This report shall not otherwise be deemed an admission that the Reporting Persons are the beneficial owners of such securities not held of record by the respective Reporting Person, for purposes of Section 16 or for any other purpose.
Represents shares of Common Stock sold by GEI Side V.
Represents shares of Common Stock owned by GEI Side V .
Represents shares of Common Stock sold by Needle Coinvest LLC.
Represents shares of Common Stock owned by Needle Coinvest LLC.
Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
Represents restricted stock units granted to Messrs. Jonathan Sokoloff and John Yoon and Ms. Lily Chang, as members of the board of directors of the Issuer. Each of Messrs. Sokoloff and Yoon and Ms. Chang received 7,812 restricted stock units.
The restricted stock unit vests on March 17, 2022.
Represents restricted stock units held by Messrs. Sokoloff and Yoon and Ms. Chang. Of the 23,436 shares reported, 7,812 are held by Mr. Sokoloff, 7,812 are held by Mr. Yoon, and 7,812 are held by Ms. Chang. The shares are held for the benefit of LGP and each of Messrs. Sokoloff and Yoon and Ms. Chang disclaims beneficial ownership of such shares, except to the extent of his or her pecuniary interest therein.