Form 4: UL Solutions Inc.: ULSE Inc. Sells 3,000,000 Shares of Class A Common Stock
SEC Form 4 Filing
ULSE Inc., a 10% owner of UL Solutions Inc., sold 3,000,000 shares of Class A Common Stock at $49 per share on September 23, 2024.
Summary
- On September 23, 2024, ULSE Inc. sold 3,000,000 shares of Class A Common Stock of UL Solutions Inc.
- The sale price was $49 per share.
- Following the transaction, ULSE Inc. continues to directly own 3,000,000 shares of Class A Common Stock.
- ULSE Inc. also holds 138,130,000 shares of Class B Common Stock, which are convertible to Class A Common Stock on a 1:1 basis.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a transaction without expressing any positive or negative outlook.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.
Stakeholder Impact
- The sale of a significant number of shares by a major shareholder like ULSE Inc. could potentially influence investor sentiment and trading activity in UL Solutions Inc.'s stock.
Key Dates
| Date | Description |
|---|---|
| 09/23/2024 | Date of transaction: ULSE Inc. sold 3,000,000 shares of Class A Common Stock. |
| 09/25/2024 | Date of signature by Ron H. Blaustein, Senior Vice President and Chief Financial Officer. |
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