Bain Capital Investors LLC's Form 4 filing
Coherent Corp. (COHR) · filed Nov 12, 2025
- Accession no.
- 0001193125-25-278400
- Filed
- Nov 12, 2025, 8:59 PM ET
- Trade date
- Nov 7-10, 2025
- Filing delay
- 5 days
- Rule 10b5-1 plan
- Not checked
This filing lists 3 non-derivative transactions and 1 derivative transaction. Open-market sales total $1.08B. It was filed 5 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Bain Capital Investors LLCCIK 0001040508 | 10% Owner |
| Bain Capital Fund XII, LPCIK 0001706270 | 10% Owner |
| Bain Capital Partners XII, LLCCIK 0001830424 | 10% Owner |
| BCPE Watson (DE) BML GP, LLCCIK 0001910886 | 10% Owner |
| BCPE Watson (DE) BML, LPCIK 0001910890 | 10% Owner |
| BCPE Watson (DE) Aggregator, LPCIK 0001911143 | 10% Owner |
| BCPE Watson (DE) Aggregator GP, LLCCIK 0001911154 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 7, 2025 | Common Stock | CConversionAcquired | +7,754,252 | –F1,F2,F3 | – | 7,754,252 | Indirect | |
| Nov 7, 2025 | Common Stock | SSaleDisposed | −7,500,000 | $143.37 | −$1,075,275,000 | 254,252 | Indirect | |
| Nov 10, 2025 | Common Stock | JOtherDisposed | −254,252 | –F6 | – | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
On November 7, 2025, the Reporting Persons converted 54,023 shares of Series B-1 Convertible Preferred Stock ("Series B-1 Preferred Stock" and, together with the Series B-2 Convertible Preferred Stock, the "Series B Preferred Stock") into 7,754,253 shares of Common Stock. Series B-1 Preferred Stock was issued on March 31, 2021 pursuant to the Statement with Respect to Shares setting forth the terms of the Series B Convertible Preferred Stock filed with the Pennsylvania Department of State Corporations Bureau and effective March 30, 2021 (the "Statement with Respect to Shares"). Subject to adjustments set forth in the Statement with Respect to Shares, from the issuance date of such share, dividends accrue daily on the applicable stated value of each share of the Series B Preferred Stock at 5% per annum with an initial stated value of $10,000 per share.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- F2
Until the fourth anniversary of the applicable issuance date, all dividend payments are compounded and added to the applicable stated value on a quarterly basis (a "PIK Dividend"). Following the fourth anniversary of the applicable issuance date, dividends will be payable in the form of, at the Issuer's sole discretion, (i) cash, (ii) a PIK Dividend or (iii) any combination of both. Commencing on July 1, 2022, each share of Series B Preferred Stock became convertible, at the option of the holder, into a number of shares of the Issuer's common stock equal to the then-applicable stated value divided by the then-applicable conversion price. The conversion price of the Series B Preferred Stock is initially $85.00 per share, subject to adjustments set forth in the Statement with Respect to Shares.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- F3
In addition, at any time after the third anniversary of the applicable issuance date, if the closing sale price of the Issuer's common stock exceeds 150% of the then-applicable conversion price for 20 trading days in any 30 consecutive trading day period, the Issuer may elect to convert all of the shares of the applicable series of Series B Preferred Stock into a number of shares of the Issuer's common stock equal to the then-applicable stated value divided by the then-applicable conversion price in accordance with the Statement with Respect to Shares.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- F6
On November 10, 2025, BML, distributed 254,252 shares of Common Stock to one or more members or partners of BML in connection with certain charitable gifts to be made by such members or partners or their direct or indirect owners.
Referenced by the price of 1 transaction in Table I.