Cleveland Todd M 4

What Happened
Todd M. Cleveland, a director of IES Holdings, sold a total of 5,000 shares in multiple open-market transactions between February 24 and February 26, 2026, generating aggregate proceeds of approximately $2,559,688. Individual reported trades include: 181 shares on 2026-02-24 at $520.25 ($94,165); on 2026-02-25, 2,144 shares at $510.32 ($1,094,126), 600 shares at $511.39 ($306,834), and 375 shares at $521.00 ($195,375); and on 2026-02-26, 300 shares at $513.76 ($154,128), 714 shares at $510.26 ($364,326), 586 shares at $511.15 ($299,534), and 100 shares at $512.00 ($51,200). These were all reported as open-market sales (transaction code S).

Key Details

• Dates: Feb 24–26, 2026 (filing dated Feb 26, 2026). Filing appears timely based on those dates.
• Total sold: 5,000 shares for total proceeds ≈ $2,559,688.
• Price range: reported prices/weighted averages ranged roughly from $510.00 to $521.00 per share (see footnotes for exact ranges).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Notable footnotes: several entries are aggregated/weighted averages or represent multiple transactions at the same listed price (F1–F8). The reporting person offers to provide a breakdown of the individual trades/prices to the issuer, shareholders, or SEC staff upon request.
• Transaction type: open-market sales (S). No option exercises, grants, or gifts were reported.

Context
These are director-level open-market sales. Sales are routine corporate insider activity and, by themselves, do not necessarily indicate management sentiment about the company's prospects. Purchases tend to be more directly interpreted as a positive signal; this filing documents dispositions only. For weighted-average entries, the filing indicates the shares were sold in multiple trades at slightly different prices and that more detailed breakdowns are available on request.