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EVI Insider Filing: Nahmad Corrects Prior Grant, Reports Tax-Withholding Surrender

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

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.

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
Estimated average burden
hours per response: 0.5
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*
Nahmad Henry M

(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)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chairman, CEO and President
3. Date of Earliest Transaction (Month/Day/Year)
09/27/2025
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 09/27/2025 F 9,958(1) D $31.68(2) 1,617,001(3) D
Common Stock, $0.025 par value per share 2,838,194 I By Symmetric Capital LLC(4)
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 Henry M. Nahmad.
2. Represents the closing price of the issuer's common stock on September 26, 2025, the last trading day prior to the vesting date.
3. 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.
4. 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.
/s/ Henry M. Nahmad 09/30/2025
** 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

What shares did Henry M. Nahmad report selling on the Form 4 for EVI?

The Form 4 reports a disposition of 9,958 shares of EVI common stock on 09/27/2025 at a reported price of $31.68 per share.

Why were the 9,958 shares disposed of according to the filing?

The filing states the shares were surrendered to the issuer to satisfy the issuer's tax withholding obligation related to the vesting of restricted stock awards.

How many EVI shares does Henry M. Nahmad own after the reported transaction?

Following the reported transaction, Mr. Nahmad directly owns 1,617,001 shares and indirectly holds 2,838,194 shares through Symmetric Capital LLC.

Did this Form 4 correct any prior reporting errors?

Yes. The filing corrects a prior Form 4 that misstated the September 11, 2025 grant as 173,365 shares; the correct grant was 173,635 shares, and the corrected direct ownership figures are provided.

Does Henry M. Nahmad claim beneficial ownership of Symmetric Capital LLC's shares?

Mr. Nahmad is the sole manager of Symmetric Capital LLC but disclaims beneficial ownership of the shares held by the LLC except to the extent of his pecuniary interest.
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