BV Insider Filing: CFO Disposes of Majority Stake Over Two Days

Rhea-AI Filing Summary

BrightView Holdings CFO Brett Nicholas reported two open-market sales of company common stock on August 25-26, 2025. The filings show a sale of 14,800 shares on 08/25/2025 at a weighted average price of $14.66 and a sale of 62,619 shares on 08/26/2025 at a weighted average price of $14.54. Following the August 25 sale the reporting person beneficially owned 76,831 shares; after the August 26 sale beneficial ownership fell to 14,212 shares. The Form 4 was signed by an attorney-in-fact and includes footnotes explaining the reported prices are weighted averages from multiple transactions.

Insights

Financial Analyst

TL;DR: Significant insider sales reduced CFO's stake substantially, which may be viewed as negative by investors.

The CFO executed two open-market dispositions totaling 77,419 shares over two days at weighted average prices of $14.66 and $14.54. Post-transactions beneficial ownership declined from 91,631 implied to 14,212 shares as shown by line-item balances on the Form 4. While Form 4s are routine disclosure of insider activity, the magnitude and rapid timing of the sales are material for investor sentiment and liquidity analysis. There is no information in the filing about purpose of sales or use of proceeds, and no derivative transactions were reported.

Corporate Governance Expert

TL;DR: The filing is compliant but raises governance questions about insider share reductions.

The Form 4 provides clear, compliant disclosure including weighted-average price footnotes and an attorney-in-fact signature. The CFO reduced beneficial ownership from the level recorded after the first sale to 14,212 shares after the second sale, which is a substantial reduction in direct holdings according to the reported balances. The filing contains no indication that the sales were made under a Rule 10b5-1 plan or other prearranged program; the box for such a plan is not checked. Governance teams would normally seek context, such as whether the trades were pre-scheduled, to assess potential signaling effects; that context is not provided here.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Urban Brett Nicholas

(Last) (First) (Middle)

C/O BRIGHTVIEW HOLDINGS, INC.

980 JOLLY ROAD, SUITE 300

(Street)

BLUE BELL PA 19422

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BrightView Holdings, Inc. [ BV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/25/2025		S		14,800	D	$14.66(1)	76,831	D
Common Stock	08/26/2025		S		62,619	D	$14.54(2)	14,212	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.67 to $14.77, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.52 to $14.68, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

Exhibit 24.1 - Power of Attorney

	/s/ Jonathan M. Gottsegen, as Attorney-in-Fact	08/27/2025
	** Signature of Reporting Person	Date
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