Form 4: NV5 Global Exec Tong Disposes Shares Post-Merger

NV5 Global, Inc. Executive Vice President and General Counsel Richard Tong reported the disposition of all his NV5 common stock following the company's merger with Acuren Corporation.

Summary

• Richard Tong, Executive Vice President and General Counsel, and a Director of NV5 Global, Inc. (NVEE), reported changes in his beneficial ownership.
• On August 4, 2025, 53,418 shares of NV5 Global common stock beneficially owned by Mr. Tong were disposed of.
• This disposition 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 the right to receive 1.1523 shares of Acuren common stock and $10.00 in cash.
• Additionally, any outstanding restricted stock awards of NV5 held by Mr. Tong vested in full immediately prior to the merger and were converted into the same merger consideration, less applicable tax withholdings.
• Following these transactions, Mr. Tong beneficially owns 0 shares of NV5 Global, Inc.

Sentiment

Score: 7

Explanation: The filing reports the expected completion of a merger, which is generally a positive corporate event for the company and its shareholders, leading to the conversion of shares and vesting of awards. The transaction itself is a neutral reporting of a pre-planned event, but the underlying merger is a strategic positive.

Positives

• The merger with Acuren Corporation has been completed, indicating a strategic corporate action for NV5 Global, Inc.
• Outstanding restricted stock awards held by the reporting person vested in full, providing immediate liquidity and value realization.
• Shareholders received a combination of cash ($10.00 per share) and shares (1.1523 shares of Acuren common stock per NV5 share), offering both immediate return and continued equity participation in the combined entity.

Negatives

• The reporting person no longer holds direct beneficial ownership in NV5 Global, Inc. common stock, as the company has merged and its shares converted.

Future Outlook

NA

Industry Context

This filing indicates a consolidation within the engineering, consulting, or infrastructure services sector, as NV5 Global, a provider of professional and technical engineering and consulting solutions, has merged with Acuren Corporation. Such mergers are common strategies for companies to expand market share, diversify services, or achieve synergies.

Stakeholder Impact

• Shareholders: NV5 shareholders received merger consideration (cash and Acuren stock), indicating a liquidity event and continued equity in the combined entity.
• Employees (specifically Richard Tong): Mr. Tong's restricted stock awards vested, providing a financial benefit.

Key Dates

Keywords

NV5 Global, NVEE, Acuren Corporation, Merger, Form 4, Insider Transaction, Stock Disposition, Richard Tong, Corporate Action, Executive Compensation