Form 4: IES Holdings Director Jeffrey Gendell Sells 470 Shares at $252.25 Average Price

Jeffrey Gendell, Chief Executive Officer and a 10% owner of IES Holdings, Inc., sold 470 shares of common stock at an average price of $252.25 on December 16, 2024.

Summary

• On December 16, 2024, Tontine Capital Partners (TCP 2) sold 470 shares of IES Holdings, Inc. common stock.
• The shares were sold at a weighted average price of $252.25 per share, with individual transactions ranging from $252.24 to $252.44.
• Following the transaction, the reporting persons (including Jeffrey L. Gendell and related entities) beneficially own 10,957,184 shares of IES Holdings, Inc.
• The reporting persons include Tontine Capital Partners, L.P., Tontine Capital Management, L.L.C., Tontine Management, L.L.C., Tontine Capital Overseas Master Fund II, L.P., Tontine Asset Associates, L.L.C., Tontine Associates, L.L.C., Tontine Capital Overseas GP, L.L.C., and Jeffrey L. Gendell.
• Jeffrey L. Gendell is the managing member of several of the entities involved.

Sentiment

Score: 5

Explanation: The sentiment is neutral. It's a routine transaction. The sale is small relative to the total holdings, so it's unlikely to cause significant concern.

Negatives

• A director and significant shareholder sold a small portion of their holdings, which could be interpreted negatively by some investors, although the amount is relatively small compared to their total holdings.

Industry Context

Form 4 filings are a routine part of insider trading activity and provide transparency into the buying and selling of shares by company insiders. This particular filing indicates a small sale by a significant shareholder.

Stakeholder Impact

• The sale of shares by a director and significant shareholder could have a minor impact on shareholder confidence.

Key Dates