secwatch.observer — SEC 8-K summary
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Issuer:     Albertsons Companies, Inc. (ACI)
CIK:        0001646972
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001646972-23-000023
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Albertsons issues 33.9M shares to HPS on preferred conversion; lock-up agreements expire
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- HPS converted 584,000 shares of Preferred Stock into 33,909,373 shares of Common Stock at 58.064 per share.
- After conversion, HPS no longer holds any Preferred Stock; only 50,000 shares of Preferred Stock remain outstanding.
- Lock-up agreements with five largest stockholders and HPS expired automatically due to HPS no longer owning Preferred Stock.
- Lock-up expiration removes restrictions on sale of shares by sponsors and HPS, potentially increasing share supply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1646972/000164697223000023/0001646972-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1646972/000164697223000023/aci-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001646972-23-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer