Ennis (EBF) insider filing shows unchanged CEO stake at 598k shares

Rhea-AI Filing Summary

Form 4 filing for Ennis, Inc. (EBF) dated 07/23/2025 discloses the current equity holdings of Chairman, President & CEO Keith S. Walters. The report lists 583,111 shares of common stock held directly plus 15,480 shares owned as community property with his spouse, director Margaret A. Walters. No derivative securities are reported and the filing shows no transaction code, price or share-count change, indicating that the document is a routine ownership update rather than a buy or sell event.

The filing confirms Mr. Walters’ dual role as director and senior officer and states that the shares are held in two separate ownership categories (direct and community). Because there is no evidence of acquisitions, dispositions, or option exercises, the disclosure appears informational and non-material for valuation purposes. Investors should monitor subsequent filings for any trading activity that might alter insider ownership levels or signal management’s view on the stock.

Insights

Financial Analyst

TL;DR – Routine Form 4; no share movement, neutral impact.

This filing merely restates Keith Walters’ ownership: 598,591 common shares in total (direct + community). No transaction code means no purchase, sale, or option exercise occurred on 07/23/2025. As such, the document provides transparency on insider holdings but does not alter the investment thesis or imply management sentiment shifts. I consider the market impact immaterial; watch for future Form 4s that show actual trades.

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

OMB Number:			3235-0287
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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).

1. Name and Address of Reporting Person^*

WALTERS KEITH S

(Last) (First) (Middle)

2441 PRESIDENTIAL PARKWAY

(Street)

MIDLOTHIAN TX 76065

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ENNIS, INC. [ EBF ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/23/2025

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								583,111	D
Common Stock								15,480(1)	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. Shares owned as community property with spouse, Margaret A. Walters, Director of Ennis, Inc.

	/s/Vera Burnett, Attorney-in-Fact for Keith S. Walters	07/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Ennis (EBF) shares does CEO Keith S. Walters currently own?

The Form 4 lists 583,111 shares held directly and 15,480 shares owned jointly as community property.

Were any Ennis shares bought or sold in this Form 4 filing?

No. The filing shows no transaction code or price, indicating no shares were acquired or disposed of.

Does the filing report any derivative securities for EBF insiders?

No derivative securities such as options, warrants, or convertible instruments are reported.

What roles does Keith Walters hold at Ennis, Inc.?

He is the Chairman, President, and Chief Executive Officer and also serves as a Director.

What is the significance of a blank transaction code in a Form 4?

A blank code typically means the filing is a status report rather than a record of a buy or sell transaction.