Large FPS (NASDAQ: FPS) insider entity sells 34.5M shares but keeps 145M+ stake

Rhea-AI Filing Summary

Forgent Power Solutions, Inc. insiders reported a restructuring of indirect holdings and a large share sale. On March 30, 2026, an indirect holder associated with the reporting persons disposed of 10,783,205 Opco LLC Interests and received the same number of Class A common shares at no stated price, effectively exchanging one class of interest for another. The same indirect holder then sold 34,500,000 Class A common shares, reducing its indirect position to 145,218,850 Class A shares, while a separate line shows 46,756 Class A shares held directly after these transactions.

Insights

Equity ownership analyst

Large indirect holder exchanged Opco units for Class A stock, then sold 34.5M shares while retaining a sizable stake.

The filing shows an entity linked to the reporting persons disposing of 10,783,205 Opco LLC Interests and acquiring an equal number of Class A common shares at $0.00 per share. This appears as an internal capitalization change rather than a cash transaction, with no remaining derivative positions listed.

Separately, the same indirect holder executed an open-market or private sale of 34,500,000 Class A shares on March 30, 2026. After the sale, indirect holdings total 145,218,850 Class A shares, and a distinct line item shows 46,756 Class A shares held directly. The scale of the sale is notable, but the entity still retains a substantial position, so the overall signal is mixed.

Insider Trade Summary

Net Seller: 23,716,795 shares

Net Sell 4 txns

Insider Neos Partners, LP, Jonna Peter Joseph, Savage David, Cannova Frank R., Bivins Trey, Gofer Sergey

Role Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner

Sold 34,500,000 shs ($0.00)

Type	Security	Shares	Price	Value
Disposition	Opco LLC Interests	10,783,205	$0.00	$0.00
Grant/Award	Class A common stock	10,783,205	$0.00	$0.00
Sale	Class A common stock	34,500,000	$0.00	$0.00
holding	Class A common stock	--	--	--

Holdings After Transaction: Opco LLC Interests — 60,310,039 shares (Indirect, See Notes); Class A common stock — 145,218,850 shares (Indirect, See Notes); Class A common stock — 46,756 shares (Direct)

Footnotes (11)

1. F1. See Exhibit 99.1 for text of footnote (1).
2. F2. See Exhibit 99.1 for text of footnote (2).
3. F3. See Exhibit 99.1 for text of footnote (3).
4. F4. See Exhibit 99.1 for text of footnote (4).
5. F5. See Exhibit 99.1 for text of footnote (5).
6. F6. See Exhibit 99.1 for text of footnote (6.)
7. F7. See Exhibit 99.1 for text of footnote (7).
8. F8. See Exhibit 99.1 for text of footnote (8).
9. F9. See Exhibit 99.1 for text of footnote (9).
10. F10. See Exhibit 99.1 for text of footnote (10).
11. F11. See Exhibit 99.1 for text of footnote (11).

Key Figures

Opco LLC Interests disposed: 10,783,205 interests Class A shares acquired: 10,783,205 shares Class A shares sold: 34,500,000 shares +3 more

6 metrics

Opco LLC Interests disposed 10,783,205 interests Disposition to issuer, exchanged on March 30, 2026

Class A shares acquired 10,783,205 shares Grant/award acquisition at $0.00 per share

Class A shares sold 34,500,000 shares Open-market or private sale on March 30, 2026

Indirect Class A holdings after sale 145,218,850 shares Indirect ownership following reported transactions

Direct Class A holdings after transactions 46,756 shares Direct ownership line item after March 30, 2026

Net buy/sell shares 34,500,000 net sold transactionSummary netBuySellShares shows net-sell direction

Key Terms

Opco LLC Interests, Disposition to issuer, open-market sale, indirect ownership, +1 more

5 terms

Opco LLC Interests financial

"security_title: "Opco LLC Interests" tied to disposition and exchange"

Disposition to issuer financial

"transaction_code_description: "Disposition to issuer" for Opco LLC Interests"

open-market sale financial

"transaction_action: "open-market sale" for 34,500,000 Class A shares"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"ownership_type: "indirect" with nature_of_ownership noted as "See Notes""

derivative transaction financial

"derivativeTransactionCount: 1 in transactionSummary for Opco LLC Interests"

FAQ

What insider transactions did FPS report in this Form 4 filing?

The filing shows an indirect holder associated with FPS insiders exchanging 10,783,205 Opco LLC Interests for the same number of Class A common shares, then selling 34,500,000 Class A shares on March 30, 2026, and reporting remaining direct and indirect holdings.

How many Forgent Power Solutions (FPS) shares were sold in this Form 4?

The Form 4 reports an open-market or private sale of 34,500,000 Class A common shares. These shares were indirectly held, and after the sale the indirect position stands at 145,218,850 Class A shares, with an additional 46,756 shares reported as held directly.

Did FPS insiders acquire any shares in addition to selling stock?

Yes. An indirect holder linked to the reporting persons acquired 10,783,205 Class A common shares at a stated price of $0.00 per share, in exchange for disposing of 10,783,205 Opco LLC Interests. This represents a structural exchange rather than a cash purchase.

What are the reported holdings after these FPS insider transactions?

After the transactions, the filing shows 145,218,850 Class A common shares held indirectly by the reporting structure and 46,756 Class A shares held directly in a separate entry. No remaining Opco LLC derivative interests are listed in the derivative summary section.

How should investors view the mix of acquisitions and sales in this FPS Form 4?

The Form 4 reflects both an internal exchange and a large sale. The entity exchanged 10,783,205 Opco LLC Interests for Class A shares, then sold 34,500,000 shares while continuing to hold 145,218,850 indirectly. This combination results in an overall net-sell position.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 04/01/2026 - 07:35 PM Learn about SEC filing dates

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).

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^*

Neos Partners, LP

(Last) (First) (Middle)

12400 HIGH BLUFF DRIVE, SUITE 650

(Street)

SAN DIEGO CALIFORNIA 92130

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Forgent Power Solutions, Inc. [ FPS ]

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

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	03/30/2026		A(2)		10,783,205(3)	A	(2)	179,718,850(4)	I	See Notes(1)(10)(11)
Class A common stock	03/30/2026		S		34,500,000(5)	D	(6)	145,218,850(7)	I	See Notes(1)(10)(11)
Class A common stock								46,756(8)	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
Opco LLC Interests	(2)	03/30/2026		D			10,783,205(3)	(2)	(2)	Class A Common Stock(2)	10,783,205(3)	(2)	60,310,039(9)	I	See Notes(1)(10)(11)

1. Name and Address of Reporting Person^*

Neos Partners, LP

(Last) (First) (Middle)

12400 HIGH BLUFF DRIVE, SUITE 650

(Street)

SAN DIEGO CALIFORNIA 92130

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Jonna Peter Joseph

(Last) (First) (Middle)

12400 HIGH BLUFF DRIVE, SUITE 650

(Street)

SAN DIEGO CALIFORNIA 92130

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Savage David

(Last) (First) (Middle)

12400 HIGH BLUFF DRIVE, SUITE 650

(Street)

SAN DIEGO CALIFORNIA 92130

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Cannova Frank R.

(Last) (First) (Middle)

12400 HIGH BLUFF DRIVE, SUITE 650

(Street)

SAN DIEGO CALIFORNIA 92130

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Bivins Trey

(Last) (First) (Middle)

12400 HIGH BLUFF DRIVE, SUITE 650

(Street)

SAN DIEGO CALIFORNIA 92130

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Gofer Sergey

(Last) (First) (Middle)

12400 HIGH BLUFF DRIVE, SUITE 650

(Street)

SAN DIEGO CALIFORNIA 92130

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. See Exhibit 99.1 for text of footnote (1).

2. See Exhibit 99.1 for text of footnote (2).

3. See Exhibit 99.1 for text of footnote (3).

4. See Exhibit 99.1 for text of footnote (4).

5. See Exhibit 99.1 for text of footnote (5).

6. See Exhibit 99.1 for text of footnote (6.)

7. See Exhibit 99.1 for text of footnote (7).

8. See Exhibit 99.1 for text of footnote (8).

9. See Exhibit 99.1 for text of footnote (9).

10. See Exhibit 99.1 for text of footnote (10).

11. See Exhibit 99.1 for text of footnote (11).

Remarks:

Exhibit 99.1 (Footnotes) and Exhibit 99.2 (Joint Filer Information and Signatures) are incorporated herein by reference. This Form 4 is the third of three identical Form 4s filed relating to the same event. The Form 4 has been split into three filings because there are more than 10 Reporting Persons in total, and the SEC's EDGAR filing system limits a single Form 4 to a maximum of 10 Reporting Persons. Each Form 4 is filed by Designated Filer, Neos Partners, LP.

	NEOS PARTNERS, LP, By: See Exhibit 99.2 for Signatures	04/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)