Neos Partners group sells Forgent Power (FPS) shares in large Form 4
Rhea-AI Filing Summary
Forgent Power Solutions, Inc. 10% owners associated with Neos Partners LP reported significant insider transactions. On February 9, 2026, they disposed of 2,487,964 Opco LLC Interests to the issuer and simultaneously acquired 2,487,964 shares of Class A common stock for $0.00 per share.
On the same date, these reporting persons sold 8,400,000 shares of Class A common stock in open‑market or private transactions at an average price of $25.785 per share, leaving 168,935,645 Class A shares and 71,093,244 Opco LLC Interests held indirectly, plus 46,756 Class A shares held directly.
The filing is the second of three identical reports for the same event, split due to a limit of more than 10 reporting persons in the EDGAR system, and is filed by designated filer Neos Partners, LP.
Positive
- None.
Negative
- None.
Insights
Neos-affiliated 10% owners restructured and partially reduced their Forgent Power stake.
Entities associated with Neos Partners LP, all listed as directors and 10% owners, exchanged 2,487,964 Opco LLC Interests for the same number of Class A common shares. This type of swap usually simplifies capital structure by converting operating-company interests into listed equity.
They also sold 8,400,000 Class A shares at $25.785, while still reporting indirect ownership of 168,935,645 Class A shares and 71,093,244 Opco LLC Interests as of February 9, 2026. The group also holds 46,756 Class A shares directly, indicating a large continuing position despite the sale.
Because the filing indicates indirect ownership and references detailed footnotes in Exhibits 99.1 and 99.2, the precise allocation of voting and economic rights sits at the entity level rather than any single individual. Subsequent company filings may clarify any further changes to this ownership structure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Opco LLC Interests | 2,487,964 | $0.00 | -- |
| Grant/Award | Class A common stock | 2,487,964 | $0.00 | -- |
| Sale | Class A common stock | 8,400,000 | $25.785 | $216.59M |
| holding | Class A common stock | -- | -- | -- |
Footnotes (1)
- See Exhibit 99.1 for text of footnote (1). See Exhibit 99.1 for text of footnote (2). See Exhibit 99.1 for text of footnote (3). See Exhibit 99.1 for text of footnote (4). See Exhibit 99.1 for text of footnote (5). See Exhibit 99.1 for text of footnote (6.) See Exhibit 99.1 for text of footnote (7). See Exhibit 99.1 for text of footnote (8). See Exhibit 99.1 for text of footnote (9). See Exhibit 99.1 for text of footnote (10). See Exhibit 99.1 for text of footnote (11).