ENVIRI Corp 4
Research Summary
AI-generated summary
Enviri II (NVRI WI) 10% Owner Enviri Corp Distributes 28.1M Shares
What Happened
Enviri Corp, listed on the Form 4 as a 10% owner of Enviri II Corporation (NVRI WI), disclosed the disposition of 28,103,750 shares on June 1, 2026. The transaction is reported as an "Other acquisition or disposition (J)" at $0.00 per share (total proceeds $0). This was not an open-market sale but a distribution that resulted from a corporate reorganization and merger described in the filing.
Key Details
- Transaction date: June 1, 2026; Price: $0.00 per share; Shares disposed: 28,103,750.
- Shares owned after the transaction: filing indicates the distributed shares were transferred as part of the reorganization (effectively removing the reported holding).
- Footnote F1: Describes a reorganization—Enviri Corporation merged into Enviri LLC; CLEH, Inc. reorganized and then distributed all outstanding Enviri II shares pro rata to CLEH stockholders (the former Enviri Corporation stockholders) for no consideration.
- Footnote F2: Notes an earlier report of 1,000 shares (Form 3, May 8, 2026) adjusted for a May stock split.
- Filing timing: Reported with the same transaction date (June 1, 2026), indicating a timely Form 4 filing.
Context
This disposition reflects a corporate restructuring and pro rata distribution by CLEH, not an insider selling shares into the market for cash. For retail investors, that means this Form 4 documents a structural ownership change tied to the reorganization rather than a trading signal about management confidence or liquidity needs.