Driven Brands Holdings Inc.
No SEC Form 4 filings for $DRVN in the last 30 days.
III Capital Management said in an SEC filing dated May 15, 2026 that it sold 255,860 shares of Driven Brands (NASDAQ: DRVN) for an estimated $3.60 million, based on the quarter’s average closing price. The fund’s stake value fell by $3.96 million including price moves. Driven Brands reported TTM revenue of $1.86B and net loss of $140.2M.
III Capital Management, according to an SEC filing dated May 15, 2026, sold 255,860 shares of Driven Brands (DRVN) for an estimated $3.60 million based on quarterly average pricing. The fund’s stake value fell by $3.96 million after accounting for the sale and stock-price changes. Driven Brands shares were $13.77, down about 22% over the past year.
Driven Brands Holdings (DRVN) has announced a delay in filing its Q1 2026 financial report due to an ongoing restatement of previous financial statements and delays in its 2025 yearly report. The company cited "material control weaknesses" in financial reporting and disclosure, impacting areas like account reconciliations and lease accounting. Consequently, net revenue for Q1 2025 is now expected to be significantly lower than previously reported, between $441 million and $451 million, compared to $516 million, due to discontinued operations and other adjustments.
