Forgent Parent IV LP 4
Research Summary
AI-generated summary
Forgent Power (FPS) 10% Owner Neos Partners Sells 48.6M Shares
What Happened Neos Partners, LP (identified as a greater-than-10% owner) reported multiple transactions on June 1, 2026 related to Forgent Power Solutions, Inc. The largest action was an open-market or private sale of 48,622,000 shares (transaction code S). The filing also shows an acquisition/award of 15,852,319 shares (code A) and a disposition of 15,852,319 shares to the issuer that are marked as derivative (code D). The Form 4 lists no per-share prices or total dollar values (N/A).
Key Details
- Filing date / period of report: filed June 3, 2026 for transactions on June 1, 2026.
- Transactions reported: S — 48,622,000 shares (sale); A — 15,852,319 shares (award/acquisition); D — 15,852,319 shares (disposition to issuer, derivative).
- Prices / values: Not disclosed in the Form 4 (listed as N/A); total dollar amounts not provided.
- Shares owned after transaction: not specified on this filing.
- Footnotes / exhibits: Multiple footnote references (Exhibit 99.1 for footnotes and Exhibit 99.2 for joint filer info) are incorporated by reference.
- Filing split: This is the first of three identical Form 4s filed because there are more than 10 reporting persons; each is filed by designated filer Neos Partners, LP.
- Timeliness: filing does not indicate a late report.
Context
- Neos Partners is an institutional 10%+ owner, not an individual executive; institutional sales can reflect portfolio rebalancing or other non-managerial actions and are not direct signals of management sentiment.
- The "D" (disposition to issuer) entry is a derivative-related transfer back to the company (e.g., surrender/settlement of derivative securities) rather than a standard open-market sale; the filing does not explain the specific mechanics.
- Because prices and values are not provided, readers cannot determine proceeds from the sale from this filing alone. For full details and footnote text, see Exhibits 99.1–99.2 referenced in the filing.
Loading document...