EVI Form 4: Insider Sells for Tax Withholding, Vesting Boosts Ownership to 93,154

Rhea-AI Filing Summary

Robert Lazar, Chief Financial Officer of EVI Industries (EVI), reported insider transactions on a Form 4 showing share dispositions and a subsequent increase in beneficial ownership following vesting. The filing shows two small sales to satisfy tax withholding: 628 shares sold on 09/10/2025 at a closing price of $27.64 and 473 shares sold on 09/11/2025 at $28.22. The filing also reports 8,858 shares acquired on 09/11/2025 at no cash price, representing vested restricted stock, bringing his total beneficial ownership to 93,154 shares.

Positive

• Vested restricted stock increased beneficial ownership by 8,858 shares to 93,154 total shares following vesting.
• Disclosures specify that sales were to satisfy tax withholding, clarifying the purpose of the disposals.

Negative

• Reported sales of 628 and 473 shares reduced directly held shares, although they were for tax withholding.
• No additional contextual metrics (e.g., percentage ownership or prior holdings) are provided to assess materiality relative to outstanding shares.

Insights

Financial Analyst

TL;DR: Insider sold small lots for tax withholding and received vested restricted stock, leaving total holdings modestly higher.

The reported sales of 628 and 473 shares were explicitly to satisfy tax withholding on vested awards, not open-market disposition for cash needs or diversification. The acquisition of 8,858 shares at no cash cost reflects vesting of restricted stock awards, increasing reported beneficial ownership to 93,154 shares. This pattern is common around vesting events and is neutral for valuation absent larger scale trades.

Corporate Governance Expert

TL;DR: Transactions align with routine equity compensation practices; disclosures appear complete and timely.

The Form 4 discloses the nature of each transaction and includes explanations tying sales to tax-withholding obligations and vesting. The reporting person is the CFO and the filing was signed, meeting Section 16 requirements. There is no information here indicating unusual timing or potential governance concerns.

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^*

LAZAR ROBERT

(Last) (First) (Middle)

4500 BISCAYNE BLVD

SUITE 340

(Street)

MIAMI FL 33137

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EVI INDUSTRIES, INC. [ EVI ]

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)
09/10/2025

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, $0.025 par value per share	09/10/2025		F		628(1)	D	$27.64(2)	84,769	D
Common Stock, $0.025 par value per share	09/11/2025		F		473(1)	D	$28.22(3)	84,296	D
Common Stock, $0.025 par value per share	09/11/2025		A		8,858	A	$0	93,154	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. Represents shares of the issuer's common stock surrendered to the issuer to satisfy the issuer's tax withholding obligation relating to the vesting of certain restricted stock awards previously granted to Robert Lazar.

2. Represents the closing price of the issuer's common stock on September 10, 2025.

3. Represents the closing price of the issuer's common stock on September 11, 2025.

	/s/ Robert Lazar	09/15/2025
	** 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.
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FAQ

What transactions did EVI CFO Robert Lazar report on Form 4?

The filing reports two sales (628 shares on 09/10/2025 at $27.64 and 473 shares on 09/11/2025 at $28.22) and an acquisition of 8,858 shares on 09/11/2025 related to vesting.

Why were shares sold by Robert Lazar according to the Form 4?

The Form 4 explains the sales represent shares surrendered to satisfy tax withholding obligations related to vested restricted stock awards.

How many shares does Robert Lazar own after these transactions?

After the reported transactions, the Form 4 shows Mr. Lazar beneficially owns 93,154 shares of EVI common stock.

Are the acquired shares purchased for cash?

No. The 8,858 shares acquired on 09/11/2025 were recorded at $0, indicating they were vested restricted shares rather than a cash purchase.