Limbach Holdings (LMB) Director Joshua Horowitz Buys Stock

What Happened
Joshua Horowitz, a director of Limbach Holdings, purchased a total of 7,820 shares of LMB in a series of open-market transactions between Sept 11 and Sept 15, 2026. The trades break down as: 1,000 shares @ $49.59 ($49,590), 2,600 @ $49.01 ($127,425), 212 @ $50.66 ($10,740), 3,346 @ $50.61 ($169,331), and 662 @ $51.25 ($33,928), for an aggregate cost of roughly $391,014. These were purchases (code P) rather than sales or option exercises.

Key Details

• Transaction dates and prices:
  • 2026-09-11: 1,000 @ $49.59 ( $49,590 ) and 2,600 @ $49.01 ( $127,425 )
  • 2026-09-15: 212 @ $50.66 ( $10,740 ), 3,346 @ $50.61 ( $169,331 ), 662 @ $51.25 ( $33,928 )
  • Total: 7,820 shares for ~$391,014
• Shares owned after transaction: Not specified in the provided filing extract.
• Footnotes of note:
  • F1: Palm Management (US) LLC manages Palm Global Small Cap Master Fund LP; Horowitz is a portfolio manager/special limited partner and may be deemed a beneficial owner of Palm Global’s shares, though he and Palm Management disclaim such ownership except for pecuniary interest.
  • F2 & F3: Reported prices are weighted averages for multiple executions. F2 covers purchases executed at $48.88–$49.745; F3 covers purchases at $50.21–$51.17. The filing offers to provide per-trade price breakdowns on request.
• Timeliness: The Form 4 was filed Sept 15, 2026 and covers trades on Sept 11 and Sept 15; this filing date is within the typical two-business-day reporting window.

Context
These were straightforward open-market purchases (no option exercises, gifts, or tax-withholding events). Purchases by directors are often watched by investors as one data point about insider sentiment, but filings do not state the insider’s motivation. The weighted-average price footnotes mean some trades were executed at slightly different prices within the ranges noted; detailed per-trade pricing is available from the filer upon request.