Southwest Gas Holdings, INC Schedule 13D activist filings

Carl Icahn and affiliated entities have reduced their beneficial ownership in Southwest Gas Holdings, Inc. to 4.99%, ceasing to be a greater than 5% shareholder.

Carl Icahn and affiliated entities have significantly reduced their beneficial ownership in Southwest Gas Holdings, Inc. through recent open market sales.

Andrew Teno, a representative of Icahn Capital LP, has resigned from the Board of Directors of Southwest Gas Holdings, Inc. effective December 31, 2025.

Icahn Capital LP and affiliated entities have entered into a Registration Rights Agreement with Southwest Gas Holdings, Inc., facilitating potential future sales of their 8.36% stake.

Icahn Capital LP and its affiliates have entered into an Amended and Restated Cooperation Agreement with Southwest Gas Holdings, Inc., extending board representation and standstill provisions.

Carl Icahn and affiliated entities have significantly reduced their beneficial ownership in Southwest Gas Holdings, Inc. to 8.38% after selling 1.5 million shares.

Corvex Management LP and Keith Meister have increased their beneficial ownership in Southwest Gas Holdings, Inc. to 7.0%, asserting the shares are undervalued and signaling intent to engage with management to enhance shareholder value.

Entities controlled by activist investor Carl C. Icahn have significantly reduced their stake in Southwest Gas Holdings, Inc., selling 2.1 million shares for approximately $156.7 million.