Form 4: Ice Mountain LLC Sells 249,582 Shares of Zurn Elkay Water Solutions Corp (ZWS)

Ice Mountain LLC, a 10% owner of Zurn Elkay Water Solutions Corp, sold 249,582 shares of common stock at a weighted average price of $32.04 on April 22, 2024.

Summary

• On April 22, 2024, Ice Mountain LLC sold 249,582 shares of Zurn Elkay Water Solutions Corp (ZWS) common stock.
• The shares were sold at a weighted average price of $32.04, with individual transactions ranging from $31.90 to $32.19.
• Following the transaction, Ice Mountain LLC directly holds 24,505,660 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 event. A large shareholder sold a portion of their holdings, which could be for a variety of reasons and doesn't necessarily indicate a negative outlook on the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders (10% owners) trade shares of their company. This provides transparency to the market regarding the actions of those with potential inside knowledge.

Stakeholder Impact

• The sale of shares by a major shareholder could create short-term price volatility.

Key Dates