Form 4: Southwest Gas Holdings Sells Over 1 Million Shares of Centuri Holdings in Private Placement

Southwest Gas Holdings, Inc., a 10% owner and director, has sold 1,060,240 shares of Centuri Holdings, Inc. common stock in a private placement for $20.75 per share.

Summary

• Southwest Gas Holdings, Inc. (the Reporting Person) disposed of 1,060,240 shares of common stock of Centuri Holdings, Inc. (CTRI) on July 8, 2025.
• The shares were sold at a price of $20.75 per share in a private placement.
• The total proceeds from this sale are approximately $21,960,000.
• Following this transaction, Southwest Gas Holdings, Inc. beneficially owns 46,185,710 shares of Centuri Holdings, Inc. common stock.
• Southwest Gas Holdings, Inc. is identified as both a Director and a 10% Owner of Centuri Holdings, Inc.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual disclosure of an insider transaction without additional context on market implications or reasons for the sale.

Positives

• Southwest Gas Holdings, Inc. realized approximately $21.96 million in proceeds from the sale of Centuri Holdings, Inc. common stock, providing capital.

Negatives

• The sale by a 10% owner and director could be interpreted by some investors as a reduction in insider confidence, although the document does not provide a reason for the sale.

Risks

• Potential market perception risk if investors interpret the sale by a significant owner as a negative signal regarding Centuri Holdings, Inc.'s future prospects.
• Risk of price volatility for Centuri Holdings, Inc. shares due to a large block of shares being sold, especially if the private placement buyer decides to sell on the open market.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Southwest Gas Holdings, Inc., a 10% owner and director of Centuri Holdings, Inc., sold shares of Centuri Holdings, Inc. common stock in a private placement.

Stakeholder Impact

• Shareholders of Centuri Holdings, Inc.: The sale by a significant owner could influence market perception and potentially share price.
• Shareholders of Southwest Gas Holdings, Inc.: The company has monetized a portion of its investment in Centuri Holdings, Inc., providing capital.

Key Dates

Keywords

Form 4, insider trading, beneficial ownership, stock sale, private placement, Centuri Holdings, CTRI, Southwest Gas Holdings, equity transaction