Neos Partners I LP 4
Research Summary
AI-generated summary
Forgent Power (FPS) 10% Owner Neos Partners Sells Shares
What Happened
- Neos Partners, LP (identified as a 10% owner) executed multiple transactions on 2026-07-06, the primary being an open-market or private sale of 43,650,000 Forgent Power Solutions, Inc. (FPS) shares. On the same day Neos also shows an acquisition/award of 14,555,925 shares and a disposition to the issuer of 14,555,925 shares treated as a derivative transaction.
- No prices were reported for any of the transactions (all listed as N/A), so total dollar value and proceeds are not available from this Form 4. The filing was made on 2026-07-08; this is the first of three identical Form 4s filed for the same event (the filings were split due to EDGAR form limits).
Key Details
- Transaction date(s): 2026-07-06; Form 4 filed: 2026-07-08.
- Sales: 43,650,000 shares (open market/private sale) — price N/A.
- Acquisition/Award: 14,555,925 shares — price N/A (coded A).
- Disposition to issuer (derivative): 14,555,925 shares — price N/A (coded D).
- Shares owned after the transactions: not reported on this filing.
- Footnotes F1–F11 reference Exhibit 99.1 for details; Exhibit 99.2 contains joint filer info and signatures.
- Filing notes: Form 4 prepared by a Designated Filer (Neos Partners, LP); not marked as late on the face of this filing.
Context
- Neos Partners is an institutional 10% owner — this is not an individual officer/CEO trade; institutional disposals can reflect portfolio adjustments, corporate arrangements, or other non-personal reasons (filing alone doesn’t reveal motive).
- The derivative "disposition to the issuer" typically means shares or derivative interests were surrendered or transferred back to the company (e.g., to settle an award or cancel a derivative), but Exhibit 99.1 should be consulted for precise mechanics.
- Because no prices are disclosed here, investors cannot calculate proceeds or assess the trade size in dollar terms from this Form 4; check the related Exhibits and the other two Form 4 filings for full disclosure.