Home / Restatements / Driven Brands Holdings Inc.
Filed 2026-02-25 路 Form 8-K 路 Accession 0001804745-26-000015 small
Price before filing: $16.61 (2026-02-24 close, split/dividend-adjusted)
Market cap at flag: $1.88B (2026-02-25) 路 Latest: $1.96B (2026-10-16)
| Window | DRVN | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -24.1% | -7.5% | -16.6% | 2026-03-27 |
| 90 days | -17.5% | +9.5% | -27.0% | 2026-05-26 |
| 180 days | -21.6% | +11.7% | -33.2% | 2026-08-24 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $750K (1 sale)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-01-21 | O'Melia Scott L. Chief Legal Officer | Sale | 46,875 | $16.00 | $750K | yes | Form 4 |
| 2026-02-25: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-11-27 to 2026-03-27. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"On February 23, 2026, the Audit Committee of the Board of Directors, after consultation with the Company's management, concluded there were material errors in our previously issued consolidated financial statements for the fiscal year ended December 28, 2024 ("fiscal year 2024") and the fiscal year ended December 30, 2023 ("fiscal year 2023") contained in the Company's Annual Report on Form 10-K for the fiscal year..."
Quoted from the filing. Source
The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Why this score: also within 90 days: Late annual report (NT 10-K), Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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