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Comfort Systems (FIX) director sells 6,700 shares and shifts holdings to exchange fund

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

COMFORT SYSTEMS USA director Franklin Myers reported an insider sale and ownership transfer. He sold 6,700 shares of Common Stock in an open-market transaction at $1,954.47 per share, and held 62,115 shares directly after the sale.

Separately, 12,495 shares were reported as indirectly owned through a partnership interest after FIX common stock was contributed to an exchange fund and certain shares were shifted from direct to indirect beneficial ownership in a transaction exempt under Rule 16a-13.

Positive

  • None.

Negative

  • None.
Insider MYERS FRANKLIN
Role null
Sold 6,700 shs ($13.09M)
Type Security Shares Price Value
Sale Common Stock 6,700 $1,954.47 $13.09M
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 62,115 shares (Direct, null); Common Stock — 12,495 shares (Indirect, Partnership Interest)
Footnotes (1)
  1. The Reporting Person contributed FIX common stock to an exchange fund in exchange for shares of the exchange fund. The FIX common stock was valued at $1,954.47 per share for the purpose of determining the number of shares of the exchange fund issuable to the Reporting Person. The shares held indirectly were transferred from direct to indirect beneficial ownership in a transaction exempt from Section 16 pursuant to Rule 16a-13.
Shares sold 6,700 shares Open-market sale of Common Stock
Sale price $1,954.47 per share Price for the 6,700 shares sold and valuation for exchange fund contribution
Direct holdings after sale 62,115 shares Direct ownership following the open-market sale
Indirect holdings after transfer 12,495 shares Indirect beneficial ownership via partnership interest
exchange fund financial
"The Reporting Person contributed FIX common stock to an exchange fund in exchange for shares of the exchange fund."
An exchange fund is a pooled investment vehicle where holders of a single, highly appreciated stock swap their shares for pro rata interests in a diversified basket, allowing them to reduce concentration risk without immediately selling and triggering a large capital gains tax. It matters to investors because it provides instant diversification and potential tax deferral—like trading one oversized slice of pie for many smaller slices—though it usually carries fees, a multi‑year lockup and less control over exact timing of liquidity.
beneficial ownership financial
"The shares held indirectly were transferred from direct to indirect beneficial ownership in a transaction exempt from Section 16."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Rule 16a-13 regulatory
"The shares held indirectly were transferred from direct to indirect beneficial ownership in a transaction exempt from Section 16 pursuant to Rule 16a-13."
Partnership Interest financial
"The shares held indirectly were reported with a nature of ownership described as Partnership Interest."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
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*
MYERS FRANKLIN
(Last)(First)(Middle)
C/O COMFORT SYSTEMS USA, INC.
9753 KATY FREEWAY, SUITE 700
(Street)
HOUSTON TEXAS 77024
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
COMFORT SYSTEMS USA INC [ FIX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/24/2026S(1)6,700D$1,954.47(1)62,115D
Common Stock12,495(2)IPartnership Interest
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The Reporting Person contributed FIX common stock to an exchange fund in exchange for shares of the exchange fund. The FIX common stock was valued at $1,954.47 per share for the purpose of determining the number of shares of the exchange fund issuable to the Reporting Person.
2. The shares held indirectly were transferred from direct to indirect beneficial ownership in a transaction exempt from Section 16 pursuant to Rule 16a-13.
/s/ Rachel R. Eslicker, Attorney-in-Fact06/26/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Franklin Myers report at COMFORT SYSTEMS USA (FIX)?

Franklin Myers reported selling 6,700 shares of COMFORT SYSTEMS USA Common Stock. The shares were sold in an open-market transaction at $1,954.47 per share, and he reported 62,115 shares of direct ownership after the sale, plus additional indirect holdings.

At what price did Franklin Myers sell COMFORT SYSTEMS USA (FIX) shares?

The reported sale price was $1,954.47 per share for COMFORT SYSTEMS USA stock. This price was also used to value FIX shares contributed to an exchange fund, determining how many exchange fund shares Myers received in return for his contributed stock.

How many COMFORT SYSTEMS USA (FIX) shares does Franklin Myers hold after the reported transactions?

After the reported transactions, Franklin Myers held 62,115 COMFORT SYSTEMS USA shares directly. He also reported indirect beneficial ownership of 12,495 shares through a partnership interest, reflecting stock contributed to an exchange fund and transferred from direct to indirect ownership.

What is the nature of Franklin Myers’ indirect ownership in COMFORT SYSTEMS USA (FIX)?

Myers’ indirect ownership is reported as a partnership interest holding 12,495 shares of COMFORT SYSTEMS USA. The filing explains that FIX common stock was contributed to an exchange fund and some shares were moved from direct to indirect beneficial ownership in an exempt transaction under Rule 16a-13.

Was the transfer of some COMFORT SYSTEMS USA (FIX) shares by Franklin Myers exempt from Section 16?

Yes, the filing states that shares transferred from direct to indirect beneficial ownership were in a transaction exempt from Section 16 under Rule 16a-13. This means the shift in how the shares are held did not trigger standard Section 16 reporting consequences beyond this disclosure.

What role did an exchange fund play in Franklin Myers’ COMFORT SYSTEMS USA (FIX) holdings?

The filing notes that Myers contributed FIX common stock to an exchange fund in return for exchange fund shares. The FIX shares were valued at $1,954.47 each to determine his exchange fund allocation, and these contributed shares are now reflected in his indirect partnership ownership.