Form 4: NV5 CFO Sells Shares Post-Merger

NV5 Global's CFO, Edward H. Codispoti, disposed of all his common stock holdings following the company's merger with Acuren Corporation.

Summary

• Edward H. Codispoti, CFO of NV5 Global, Inc., reported a change in beneficial ownership.
• On August 4, 2025, he disposed of 89,154 shares of NV5 Global Common Stock.
• Following this transaction, his direct beneficial ownership of NV5 Global Common Stock is 0 shares.
• This transaction occurred as a result of the Agreement and Plan of Merger, dated May 14, 2025, between NV5 Global, Inc. and Acuren Corporation.
• Each outstanding share of NV5 common stock was converted into 1.1523 shares of Acuren common stock and $10.00 in cash.
• Outstanding restricted stock awards held by Mr. Codispoti vested fully immediately prior to the merger's effective time and were converted into the merger consideration, less applicable tax withholdings.

Sentiment

Score: 7

Explanation: The filing reports the expected completion of a merger, which typically implies a strategic move for the companies involved. The vesting of restricted stock awards for the CFO is a positive outcome for the individual. No negative surprises are indicated.

Positives

• The reporting person's restricted stock awards vested fully due to the merger, allowing conversion into the merger consideration.
• The merger provides NV5 shareholders with a combination of cash and shares in Acuren Corporation, offering immediate liquidity and continued equity participation in the combined entity.

Negatives

• The reporting person no longer holds any direct beneficial ownership in NV5 Global, Inc. common stock, indicating the completion of the merger and the cessation of NV5 Global, Inc. as a standalone public entity under its previous ticker.

Future Outlook

No forward-looking statements or guidance are provided.

Industry Context

This filing indicates the completion of a significant corporate action (merger) involving NV5 Global, Inc., a company likely in the engineering, consulting, or infrastructure services sector, being acquired by Acuren Corporation. Such mergers are common in mature industries seeking consolidation, expanded market share, or synergistic benefits.

Stakeholder Impact

• Shareholders: NV5 Global, Inc. shareholders received a combination of cash and Acuren Corporation stock, converting their investment into a new entity.
• Employees: While not explicitly stated, mergers often lead to organizational restructuring, which can impact employees.
• Management: The CFO's equity in NV5 Global, Inc. was converted, indicating a change in their equity structure related to the former company.

Key Dates

Keywords

NV5 Global, NVEE, Acuren Corporation, Merger, Form 4, Beneficial Ownership, CFO, Stock Transaction, Corporate Action, Equity Conversion