Form 4: Ice Mountain LLC Sells 103,768 Shares of Zurn Elkay Water Solutions Corp

Ice Mountain LLC, a 10% owner of Zurn Elkay Water Solutions Corp, sold 103,768 shares of common stock at an average price of $31.96 on April 15, 2024.

Summary

• On April 15, 2024, Ice Mountain LLC sold 103,768 shares of Zurn Elkay Water Solutions Corp (ZWS) common stock.
• The shares were sold at a weighted average price of $31.96, with individual transaction prices ranging from $31.91 to $32.27.
• Following the transaction, Ice Mountain LLC directly holds 24,798,932 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.
• Cascade Bay LLC and the Katz 2004 DYN Trust may be deemed to beneficially own the shares held by Ice Mountain LLC.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by a major shareholder. The size of the sale is relatively small compared to the total holdings, so it's unlikely to be a major cause for concern.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency when corporate insiders or major shareholders buy or sell shares in their company. This allows the public to stay informed about the actions of those with privileged information.

Stakeholder Impact

• The sale of shares by a major shareholder could have a minor negative impact on shareholder confidence, but the relatively small size of the sale suggests the impact will be limited.

Key Dates