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.

Insights

Equity ownership and governance analyst

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.

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

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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 CA 92130

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

	Form filed by One Reporting Person
X	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
Class A common stock	02/09/2026		A(2)		2,487,964(3)	A	(2)	177,335,645(4)	I	See Notes(1)(10)(11)
Class A common stock	02/09/2026		S		8,400,000(5)	D	$25.785(6)	168,935,645(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)	02/09/2026		D			2,487,964(3)	(2)	(2)	Class A Common Stock(2)	2,487,964(3)	(2)	71,093,244(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 CA 92130

(City) (State) (Zip)

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^*

Neos Partners GP, LLC

(Last) (First) (Middle)

12400 HIGH BLUFF DRIVE, SUITE 650

(Street)

SAN DIEGO CA 92130

(City) (State) (Zip)

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^*

Neos Partners I LP

(Last) (First) (Middle)

12400 HIGH BLUFF DRIVE, SUITE 650

(Street)

SAN DIEGO CA 92130

(City) (State) (Zip)

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^*

Neos Partners I-A LP

(Last) (First) (Middle)

12400 HIGH BLUFF DRIVE, SUITE 650

(Street)

SAN DIEGO CA 92130

(City) (State) (Zip)

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^*

Neos Partners I-B LP

(Last) (First) (Middle)

12400 HIGH BLUFF DRIVE, SUITE 650

(Street)

SAN DIEGO CA 92130

(City) (State) (Zip)

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^*

Neos Partners I Expansion LP

(Last) (First) (Middle)

12400 HIGH BLUFF DRIVE, SUITE 650

(Street)

SAN DIEGO CA 92130

(City) (State) (Zip)

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^*

Neos Partners I GP LLC

(Last) (First) (Middle)

12400 HIGH BLUFF DRIVE, SUITE 650

(Street)

SAN DIEGO CA 92130

(City) (State) (Zip)

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^*

Neos Partners I Expansion GP LLC

(Last) (First) (Middle)

12400 HIGH BLUFF DRIVE, SUITE 650

(Street)

SAN DIEGO CA 92130

(City) (State) (Zip)

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 second 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	02/11/2026
	** 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.
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FAQ

What insider transactions did Neos Partners report in Forgent Power Solutions (FPS)?

Entities associated with Neos Partners reported disposing of 2,487,964 Opco LLC Interests and acquiring 2,487,964 Class A shares at $0.00, plus selling 8,400,000 Class A shares at $25.785 on February 9, 2026, while retaining a large indirect stake.

How many Forgent Power (FPS) shares did Neos-related entities sell and at what price?

They sold 8,400,000 shares of Forgent Power Class A common stock on February 9, 2026. The reported average sale price was $25.785 per share in open-market or private transactions, according to the Form 4 transaction coded as an open-market sale.

What is the remaining Forgent Power (FPS) stake held by Neos-affiliated reporting persons?

After the reported transactions, the group reported indirect ownership of 168,935,645 shares of Class A common stock and 71,093,244 Opco LLC Interests, plus 46,756 Class A shares held directly. All figures are as of the February 9, 2026 transaction date in the filing.

What happened to the Opco LLC Interests in the Neos Partners Form 4 for Forgent Power (FPS)?

The filing shows a disposition of 2,487,964 Opco LLC Interests to the issuer on February 9, 2026. At the same time, the reporting persons acquired 2,487,964 Class A common shares for $0.00, effectively exchanging those Opco interests into listed equity.

Are the Neos Partners Forgent Power (FPS) holdings direct or indirect?

Most holdings reported in the Form 4 are indirect, with 168,935,645 Class A shares and 71,093,244 Opco LLC Interests coded as indirect ownership. The filing also lists 46,756 Class A shares as directly owned, distinguishing between entity-level and direct holdings.

Why are there multiple similar Form 4 filings for Neos Partners related to Forgent Power (FPS)?

The remarks explain this is the second of three identical Form 4s for the same event. The reports are split because there are more than ten reporting persons, while the SEC’s EDGAR system limits a single Form 4 to a maximum of ten reporting persons.