EVI Insider Filing: Nahmad Corrects Prior Grant, Reports Tax-Withholding Surrender
Rhea-AI Filing Summary
Henry M. Nahmad, Chairman, CEO and a reported 10% owner of EVI Industries (EVI), reported a disposal of 9,958 shares of the issuer's common stock on 09/27/2025 at a reported price of $31.68 per share. The filing states those shares were surrendered to the issuer to satisfy the company's tax withholding obligation related to the vesting of previously granted restricted stock awards. After this transaction Mr. Nahmad directly owns 1,617,001 shares and, indirectly through Symmetric Capital LLC (of which he is sole manager), 2,838,194 shares. The Form 4 also corrects a prior filing that misstated the number of shares granted on 09/11/2025 (actual grant: 173,635 shares) and clarifies resulting share counts. Mr. Nahmad disclaims beneficial ownership of shares held by Symmetric Capital LLC except to the extent of his pecuniary interest therein.
Positive
- Corrective disclosure updated prior Form 4 to the accurate grant amount (173,635 shares), improving record accuracy
- Transaction disclosed as tax-withholding surrender rather than an open-market sale, clarifying intent
- Comprehensive ownership detail showing both direct (1,617,001) and indirect (2,838,194) holdings
Negative
- Insider disposition of 9,958 shares, which reduces direct holdings (though modest relative to total ownership)
Insights
TL;DR: Insider surrendered 9,958 shares for tax withholding; overall holdings remain large and the change is immaterial to ownership stake.
The reported disposal on 09/27/2025 was a tax-withholding surrender tied to restricted stock vesting, not an open-market sale for cash, which typically reduces interpretation as a negative signal. Post-transaction direct ownership is 1,617,001 shares with an additional 2,838,194 shares held indirectly via Symmetric Capital LLC, preserving concentrated insider ownership. The corrected prior grant figure (173,635 shares) improves record accuracy. For investors, the transaction alters share counts only marginally relative to total insider holdings and does not by itself indicate a change in strategic alignment.
TL;DR: Filing shows routine tax-withholding surrender and a corrective disclosure; governance disclosure appears compliant.
The Form 4 discloses a surrender to satisfy tax obligations and corrects a previous reporting error, demonstrating adherence to Section 16 reporting requirements and remedial transparency. The filer affirms role and relationship to Symmetric Capital LLC and includes the standard beneficial ownership disclaimer. These elements support good disclosure practices; there is no indication of unreported related-party transactions or departures from required reporting procedures in the provided content.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $0.025 par value per share | 9,958 | $31.68 | $315K |
| holding | Common Stock, $0.025 par value per share | -- | -- | -- |
Footnotes (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 Henry M. Nahmad. Represents the closing price of the issuer's common stock on September 26, 2025, the last trading day prior to the vesting date. The Form 4 filed by Mr. Nahmad on September 15, 2025 inadvertently reported that he was granted 173,365 shares of the issuer's common stock on September 11, 2025 and, accordingly, that following such transaction he directly owned 1,626,689 shares of the issuer's common stock. The actual number of shares granted to him on September 11, 2025 was 173,635 shares. As a result, following such transaction, he directly owned 1,626,959 shares of the issuer's common stock and, following the transaction reported on this Form 4, he now directly owns 1,617,001 shares of the issuer's common stock. Mr. Nahmad is the sole manager of Symmetric Capital LLC. Mr. Nahmad disclaims beneficial ownership of the shares of the issuer's common stock held by Symmetric Capital LLC except to the extent of his pecuniary interest therein.
