EX-4.1





 Exhibit 4.1 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO COMPASS DIVERSIFIED HOLDINGS OR THE TRANSFER AGENT NAMED ON THE FACE OF THIS CERTIFICATE, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
IN AS MUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO. HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE
LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE SECOND AMENDED AND RESTATED TRUST AGREEMENT OF COMPASS DIVERSIFIED HOLDINGS, DATED AS OF DECEMBER 6, 2016, AS AMENDED FROM TIME TO TIME, AND THE SHARE DESIGNATION WITH RESPECT TO THE SHARES REPRESENTED BY THIS GLOBAL SECURITY.
IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE TRANSFER AGENT NAMED ON THE FACE OF THIS CERTIFICATE SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE
FOREGOING RESTRICTIONS. 













			
	Certificate Number 1	  	 Initial Number of Series C

Preferred Shares 4,000,000

		
		  	 CUSIP 20451Q 401

ISIN US20451Q4010


 COMPASS DIVERSIFIED HOLDINGS 

7.875% Series C Cumulative Preferred Shares 

(Liquidation Preference as specified below) 

COMPASS DIVERSIFIED HOLDINGS, a Delaware statutory trust (the “Trust”), hereby certifies that CEDE & CO. (the
“Holder”), is the registered owner of the number shown on Schedule I hereto of the Trust’s designated 7.875% Series C Cumulative Preferred Shares, with a Series C Liquidation Preference of $25.00 per share (the “Series
C Preferred Shares”). The Series C Preferred Shares are fully paid and the Holder of such Series C Preferred Shares will have no obligation to make payments or contributions to the Trust solely by reason of its ownership of such Series C
Preferred Shares. The Series C Preferred Shares are transferable on the books and records of the Transfer Agent, in person or by a duly authorized attorney, upon surrender of this certificate duly endorsed and in proper form for transfer. The
rights, privileges, restrictions, preferences and other terms and provisions of the Series C Preferred Shares represented hereby are and shall in all respects be subject to the provisions of the Share Designation of the Trust with respect to the
Series C Preferred Shares, as the same may be further amended from time to time (the “Share Designation”). Capitalized terms used herein but not defined shall have the meaning given them in the Second Amended and Restated Trust
Agreement of the Trust (the “Trust Agreement”), as amended by the Share Designation. The Trust will provide a copy of the Share Designation to a Series C Holder without charge upon written request to the Trust at its principal place
of business. In the case of any conflict between this certificate and the Share Designation, the provisions of the Share Designation shall control and govern. 

Reference is hereby made to the provisions of the Series C Preferred Shares set forth on the reverse hereof and in the Share Designation and
the Trust Agreement, which provisions shall for all purposes have the same effect as if set forth at this place. 
 Upon receipt of this
executed certificate or a beneficial interest therein, the Series C Holder or any holder of a beneficial interest therein is bound by the Share Designation and the Trust Agreement and is entitled to the benefits thereunder. 

Unless the Transfer Agent has properly countersigned this certificate, the Holder of this certificate and the Series C Preferred Shares
represented hereby shall not be entitled to any benefits under the Share Designation or the Trust Agreement, and this certificate shall not be valid or obligatory for any purpose. 

[Signature Pages Follow] 

  
 2 













 IN WITNESS WHEREOF, this certificate has been executed on behalf of the Trust by a Regular
Trustee of the Trust this 20th day of November, 2019. 
  

			
	COMPASS DIVERSIFIED HOLDINGS
		
	By:	 	 /s/ Ryan J.
Faulkingham                        

	Name:	 	Ryan J. Faulkingham                    
	Title:	 	Regular Trustee



  
 [Signature Page to 7.875%
Series C Cumulative Preferred Share Certificate] 













 COUNTERSIGNATURE 

These are Series C Preferred Shares referred to in the within-mentioned Share Designation. 

Dated: November 20, 2019 
  

			
	 Broadridge Corporate Issuer Solutions, Inc.,

  as Transfer Agent

		
	By:	 	 /s/ Michael Golightly

	Name:	 	Michael Golightly
	Title:	 	Operations Supervisor


  
 [Signature Page to 7.875%
Series C Cumulative Preferred Share Certificate] 













 REVERSE OF CERTIFICATE FOR SERIES C PREFERRED SHARES 

Cumulative distributions on each Series C Preferred Share shall be payable at the applicable rate provided in the Share Designation. 

The Trust shall furnish without charge to each Series C Holder who so requests a summary of the authority of the Sponsor to determine
variations for future series within a class of Shares and the Share Designations, limitations, preferences and relative, participating, optional or other special rights of each class or series of capital issued by the Trust and the qualifications,
limitations or restrictions of such preferences and/or rights. 












 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned assigns and transfers the Series C Preferred Shares evidenced hereby to: 

 

                          
                                         
                                         
                                         
                                         
                                         
                      

                          
                                         
                                         
                                         
                                         
                                         
                      
 (Insert
assignee’s social security or taxpayer identification number, if any) 
  

                          
                                         
                                         
                                         
                                         
                                         
                      
  

                          
                                         
                                         
                                         
                                         
                                         
                      
 (Insert
address and zip code of assignee) 
 And irrevocably
appoints:                     
  

                          
                                         
                                         
                                         
                                         
                                         
                      
  

                          
                                         
                                         
                                         
                                         
                                         
                      
 as agent to transfer
the Series C Preferred Shares evidenced hereby on the books of the Transfer Agent. The agent may substitute another to act for him or her. 
 Date: 

Signature:                        
                                         
                                         
                                         
                                         
                                         
       
 (Sign exactly as your name appears on the other side of this Certificate) 

Signature Guarantee:                     
                                         
                                         
                                         
                                         
                                  

(Signature must be guaranteed by an “eligible guarantor institution” that is a bank, stockbroker, savings and loan association or
credit union meeting the requirements of the Transfer Agent, which requirements include membership or participation in the Securities Transfer Agents Medallion Program (“STAMP”) or such other “signature guarantee program”
as may be determined by the Transfer Agent in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.) 












 SCHEDULE I 

COMPASS DIVERSIFIED HOLDINGS 

Global Series C Preferred Share 

7.875% Series C Cumulative Preferred Share 

Certificate Number: 
 The number of Series C Preferred Shares
initially represented by this global Series C Preferred Share Certificate shall be 4,000,000. Thereafter the Transfer Agent shall note changes in the number of Series C Preferred Shares evidenced by this global Series C Preferred Share Certificate
in the table set forth below: 
  

															
	 Date of Exchange
	  	Amount of
Decrease in
Number of Shares
Represented by
this Global Series C
Preferred 
Share
Certificate	 	  	Amount of
Increase in
Number of Shares
Represented by
this Global Series C
Preferred 
Share
Certificate	 	  	Number of Shares
Represented by
this Global Series C
Preferred Share
Certificate following
Decrease 
or Increase	 	  	
Signature of
Authorized Officer
of Transfer Agent