Form 4: Platinum Equity Sells 7 Million Shares of Ingram Micro Holding Corp

Platinum Equity, along with related entities and Tom Gores, reports the sale of 7 million shares of Ingram Micro Holding Corp at $22 per share.

Summary

• Platinum Equity, LLC, along with several related entities and Tom Gores, filed a Form 4 with the SEC.
• The filing reports the sale of 7,000,000 shares of Ingram Micro Holding Corp common stock on October 25, 2024.
• The sale price was $22 per share.
• Following the transaction, the reporting entities still beneficially own 213,742,854 shares of Ingram Micro Holding Corp.
• The shares are indirectly held through Imola JV Holdings, L.P., with various Platinum Equity entities and Tom Gores having indirect beneficial ownership due to their relationships with the Platinum Stockholder.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a report of a transaction. The sale itself doesn't necessarily indicate positive or negative sentiment, but rather a strategic decision by the shareholder.

Industry Context

This transaction reflects a significant share sale by a major shareholder, Platinum Equity, which could influence market perception of Ingram Micro. It's important to monitor how the market reacts to this sale and whether it signals any strategic shifts by Platinum Equity regarding its investment in Ingram Micro.

Stakeholder Impact

• The sale of a significant number of shares could potentially impact the share price and investor confidence.
• Employees may be concerned about the long-term implications of a major shareholder reducing their stake.

Key Dates