<SEC-DOCUMENT>0001856525-24-000101.txt : 20240718
<SEC-HEADER>0001856525-24-000101.hdr.sgml : 20240718
<ACCEPTANCE-DATETIME>20240718165302
ACCESSION NUMBER:		0001856525-24-000101
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240716
FILED AS OF DATE:		20240718
DATE AS OF CHANGE:		20240718

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Gipson Dennis G
		CENTRAL INDEX KEY:			0001866536
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40650
		FILM NUMBER:		241125276

	MAIL ADDRESS:	
		STREET 1:		C/O CORE & MAIN, INC.
		STREET 2:		1830 CRAIG PARK COURT
		CITY:			ST. LOUIS
		STATE:			MO
		ZIP:			63146

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Core & Main, Inc.
		CENTRAL INDEX KEY:			0001856525
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-DURABLE GOODS, NEC [5099]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				863149194
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1830 CRAIG PARK COURT
		CITY:			ST. LOUIS
		STATE:			MO
		ZIP:			63146
		BUSINESS PHONE:		314-432-4700

	MAIL ADDRESS:	
		STREET 1:		1830 CRAIG PARK COURT
		CITY:			ST. LOUIS
		STATE:			MO
		ZIP:			63146
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>wk-form4_1721335974.xml
<DESCRIPTION>FORM 4
<TEXT>
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    <periodOfReport>2024-07-16</periodOfReport>

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    <issuer>
        <issuerCik>0001856525</issuerCik>
        <issuerName>Core &amp; Main, Inc.</issuerName>
        <issuerTradingSymbol>CNM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001866536</rptOwnerCik>
            <rptOwnerName>Gipson Dennis G</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O CORE &amp; MAIN, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>1830 CRAIG PARK COURT</rptOwnerStreet2>
            <rptOwnerCity>ST. LOUIS</rptOwnerCity>
            <rptOwnerState>MO</rptOwnerState>
            <rptOwnerZipCode>63146</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>1</aff10b5One>

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                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2024-07-16</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>5</transactionFormType>
                <transactionCode>J</transactionCode>
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            <transactionTimeliness>
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                <transactionPricePerShare>
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                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A  Common  Stock</value>
            </securityTitle>
            <transactionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
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                    <value>24857</value>
                    <footnoteId id="F5"/>
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                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
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                </natureOfOwnership>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A  Common  Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2024-07-16</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F6"/>
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            <transactionAmounts>
                <transactionShares>
                    <value>25000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>53.0823</value>
                    <footnoteId id="F7"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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                <sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>11769</value>
                    <footnoteId id="F8"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Class B Common Stock and Limited Partnership Interests</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F9"/>
                <footnoteId id="F10"/>
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            <transactionDate>
                <value>2024-07-16</value>
                <footnoteId id="F9"/>
                <footnoteId id="F10"/>
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                <transactionFormType>5</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness>
                <value>E</value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
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                    <footnoteId id="F5"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F9"/>
                <footnoteId id="F10"/>
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            <expirationDate>
                <footnoteId id="F9"/>
                <footnoteId id="F10"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>24857</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>219601</value>
                </sharesOwnedFollowingTransaction>
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                    <value>I</value>
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                    <value>By LLC</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Class B Common  Stock and Limited  Partnership Interests</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F10"/>
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            <transactionDate>
                <value>2024-07-16</value>
                <footnoteId id="F10"/>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>5</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value>E</value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>24857</value>
                    <footnoteId id="F5"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <footnoteId id="F10"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F10"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A  Common  Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>24857</value>
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                <sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
                    <value>I</value>
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                <natureOfOwnership>
                    <value>By Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Class B Common  Stock and Limited  Partnership Interests</value>
            </securityTitle>
            <conversionOrExercisePrice>
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            <transactionDate>
                <value>2024-07-16</value>
                <footnoteId id="F10"/>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                <transactionShares>
                    <value>24857</value>
                    <footnoteId id="F4"/>
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                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <footnoteId id="F10"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F10"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A  Common  Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>24857</value>
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                    <value>0</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F3"/>
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                <natureOfOwnership>
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                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On July 16, 2024, pursuant to the terms of the Fourth Amended and Restated LLC Agreement of Core &amp; Main Management Feeder, LLC (&quot;Management Feeder&quot;), dated as of February 13, 2024 (as amended, the &quot;LLC Agreement&quot;), 143 vested common units (&quot;Units&quot;) held indirectly by the reporting person through the Irrevocable Trust FBO D. G. Gipson (the &quot;Trust&quot;) were redeemed at the discretion of the Trust for 143 shares of Class A common stock of the Issuer (&quot;Class A common stock&quot;).</footnote>
        <footnote id="F2">Represents securities held by Management Feeder in respect of Units held indirectly by the reporting person through the Trust. Pursuant to the LLC Agreement, such vested Units held by the Trust are redeemable at the discretion of the Trust for shares of Class A common stock, on a one-for-one basis.</footnote>
        <footnote id="F3">Represents securities held indirectly by the reporting person through the Trust.</footnote>
        <footnote id="F4">On July 16, 2024, pursuant to the terms of an exchange agreement, dated as of July 22, 2021 (as amended, the &quot;Exchange Agreement&quot;), 24,857 shares of Class B common stock of the Issuer (&quot;Class B common stock&quot;) and limited partnership interests of Core &amp; Main Holdings, LP (together, a &quot;Paired Interest&quot;) were exchanged for shares of Class A common stock, on a one-for-one basis.</footnote>
        <footnote id="F5">On July 16, 2024, pursuant to the terms of the LLC Agreement, 24,857 vested Units held indirectly by the reporting person through the Trust were redeemed at the discretion of the Trust for 24,857 Paired Interests.</footnote>
        <footnote id="F6">The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Trust on April 1, 2024.</footnote>
        <footnote id="F7">The price reported represents the weighted average price of shares of Class A common stock sold in multiple transactions at prices ranging from $53.0000 to $53.3700 per share. The reporting person will provide to the Issuer, or the Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range.</footnote>
        <footnote id="F8">Includes 11,769 restricted stock units (&quot;RSUs&quot;) granted to the reporting person as director compensation. 9,320 RSUs have vested as of the date of this Form 4. 2,449 RSUs will vest upon the earlier to occur of the one year anniversary of the grant date or the Issuer's next annual meeting of shareholders to be held in 2025 and be settled in shares of Class A common stock, subject to the reporting person's continued service as a director of the Issuer.</footnote>
        <footnote id="F9">Represents securities held by Management Feeder in respect of Units held indirectly by the reporting person through the Trust. Pursuant to the LLC Agreement, such vested Units held by the Trust are redeemable at the discretion of the Trust for Paired Interests, on a one-for-one basis.</footnote>
        <footnote id="F10">Pursuant to the terms of the Exchange Agreement, Paired Interests are exchangeable at the discretion of the reporting person for shares of Class A common stock on a one-for-one basis or, at the election of a majority of the disinterested members of the Issuers board of directors, for cash from a substantially concurrent public offering or private sale (based on the price of Class A common stock sold in such public offering or private sale, net of any underwriting discounts and commissions, for each limited partnership interest exchanged, subject to certain exceptions, conditions and adjustments). The Class B common stock and limited partnership interests have no expiration date.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Mark Whittenburg, as Attorney-in-Fact for Dennis G. Gipson</signatureName>
        <signatureDate>2024-07-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</DOCUMENT>
</SEC-DOCUMENT>
