Form 4: Ice Mountain LLC Sells 100,000 Shares of Zurn Elkay Water Solutions Corp (ZWS)

Ice Mountain LLC, a 10% owner of Zurn Elkay Water Solutions Corp, sold 100,000 shares of common stock at an average price of $29.04 on June 28, 2024.

Summary

• On June 28, 2024, Ice Mountain LLC sold 100,000 shares of Zurn Elkay Water Solutions Corp (ZWS) common stock.
• The shares were sold at a weighted average price of $29.04, with individual transactions ranging from $29.00 to $29.21.
• Following the transaction, Ice Mountain LLC directly holds 23,574,164 shares of ZWS common stock.
• Cascade Bay LLC is the manager and sole Class A Member of Ice Mountain LLC.
• The Katz 2004 DYN Trust is the Special Assets Manager of Cascade Bay LLC and may be deemed to beneficially own the shares held by Ice Mountain LLC.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a standard transaction. The sale of shares by a major holder could be interpreted in various ways, but without further context, it's a neutral event.

Industry Context

This Form 4 filing indicates a change in ownership by a significant shareholder, which is a common occurrence and part of the regular market activity for publicly traded companies.

Stakeholder Impact

• The sale of shares by a major shareholder could potentially influence investor sentiment, but the impact is likely to be minimal given the relatively small size of the transaction compared to the total shares outstanding.

Key Dates