Neos Partners (FPS) logs 43,650,000-share sale and major Class A holding shifts

Rhea-AI Filing Summary

Entities affiliated with Neos Partners reported mixed transactions in Forgent Power Solutions, Inc. Class A common stock. On the reported date, they sold 43,650,000 shares indirectly, acquired 14,555,925 shares indirectly, and disposed of 14,555,925 Opco LLC Interests tied to the same number of Class A shares. After these transactions, indirect holdings stood at 127,005,094 Class A shares, with an additional 46,756 shares reported as directly held.

Insights

Equity ownership analyst

Large net share sale offset by internal equity reallocation.

Several Neos Partners entities, each a ten percent owner, reported a sizable net sale of Forgent Power Solutions, Inc. Class A common stock alongside internal shifts between derivative and non-derivative holdings. The filing shows both dispositions and acquisitions.

The group reported selling 43,650,000 Class A shares indirectly while acquiring 14,555,925 Class A shares indirectly and disposing of an equal number of Opco LLC Interests that were convertible into those shares. Following these moves, they still held 127,005,094 Class A shares indirectly and 29,901,795 Opco LLC Interests.

This pattern reflects a combination of share sales and restructuring of the economic exposure from Opco LLC Interests into Class A shares, rather than a simple one-way exit. Future company filings may clarify how these ownership changes affect governance influence over Class A common stock.

Insider Trade Summary

4 transactions reported

Net Sell 4 txns

Insider Neos Partners, LP, Neos Partners GP, LLC, Neos Partners I LP, Neos Partners I-A LP, Neos Partners I-B LP, Neos Partners I Expansion LP, Neos Partners I GP LLC, Neos Partners I Expansion GP LLC

Role null | null | null | null | null | null | null | null

Sold 43,650,000 shs ($0.00)

Type	Security	Shares	Price	Value
Disposition	Opco LLC Interests	14,555,925	$0.00	--
Grant/Award	Class A common stock	14,555,925	$0.00	--
Sale	Class A common stock	43,650,000	$0.00	--
holding	Class A common stock	--	--	--

Holdings After Transaction: Opco LLC Interests — 29,901,795 shares (Indirect, See Notes); Class A common stock — 127,005,094 shares (Indirect, See Notes); Class A common stock — 46,756 shares (Direct, null)

Footnotes (1)

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).

Key Figures

Indirect shares sold: 43,650,000 shares Indirect shares acquired: 14,555,925 shares Indirect Class A holdings after acquisition: 127,005,094 shares +3 more

6 metrics

Indirect shares sold 43,650,000 shares Class A common stock sale, transaction code S

Indirect shares acquired 14,555,925 shares Class A common stock, transaction code A

Indirect Class A holdings after acquisition 127,005,094 shares Total indirect Class A common stock following A transaction

Direct Class A holdings 46,756 shares Directly held Class A common stock after holding entry

Opco LLC Interests disposed 14,555,925 interests Derivative disposition tied to Class A common stock

Opco LLC Interests remaining 29,901,795 interests Indirect derivative position after disposition

Key Terms

non-derivative, Opco LLC Interests, Class A common stock, ten percent owner, +1 more

5 terms

non-derivative financial

"transaction_type": "non-derivative""

Opco LLC Interests financial

"security_title": "Opco LLC Interests""

Class A common stock financial

"security_title": "Class A common stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

ten percent owner financial

"is_ten_percent_owner": 1"

issuer disposition financial

"transaction_action": "issuer disposition""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/08/2026 - 06:11 PM Accepted by SEC EDGAR 07/08/2026 - 06:11 PM Learn about SEC filing dates

FAQ

What insider activity did Neos Partners report in FPS stock on this Form 4?

Neos Partners–affiliated entities reported a combination of sales and acquisitions in Forgent Power Solutions, Inc. (FPS) Class A common stock, including a large indirect sale, an indirect acquisition, and related changes in Opco LLC Interests linked to Class A shares.

How many Forgent Power Solutions (FPS) shares did Neos Partners sell?

The filing shows an indirect sale of 43,650,000 shares of Forgent Power Solutions, Inc. Class A common stock. This transaction was reported with code “S,” described as a sale in an open market or private transaction, and classified as an indirect ownership change.

How many FPS shares did Neos Partners acquire in this Form 4 filing?

Neos Partners–affiliated entities reported an indirect acquisition of 14,555,925 shares of Forgent Power Solutions, Inc. Class A common stock. This transaction used code “A,” described as a grant, award, or other acquisition, and increased their reported indirect Class A holdings on the same date.

What are the Opco LLC Interests mentioned in the Forgent Power Solutions Form 4?

The Form 4 lists Opco LLC Interests as derivative securities linked to Class A common stock. A disposition of 14,555,925 Opco LLC Interests, each tied to one Class A share, was reported, leaving 29,901,795 Opco LLC Interests indirectly held after the transaction date.

What are Neos Partners’ holdings in Forgent Power Solutions after these transactions?

After the reported transactions, Neos Partners–affiliated entities showed 127,005,094 Class A shares held indirectly and 46,756 Class A shares held directly. They also reported 29,901,795 Opco LLC Interests remaining, which are derivative interests associated with Class A common stock.

Are the Neos Partners entities considered major owners of Forgent Power Solutions (FPS)?

Each Neos Partners entity in the filing is marked as a ten percent owner of Forgent Power Solutions, Inc.. This status indicates significant ownership and triggers ongoing reporting obligations for transactions in the company’s Class A common stock and related derivative interests.

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)

12770 EL CAMINO REAL, SUITE 300

(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)
07/06/2026

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	07/06/2026		A(2)		14,555,925(3)	A	(2)	127,005,094(4)	I	See Notes(1)(10)(11)
Class A common stock	07/06/2026		S		43,650,000(5)	D	(6)	83,355,094(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)	07/06/2026		D			14,555,925(3)	(2)	(2)	Class A Common Stock(2)	14,555,925(3)	(2)	29,901,795(9)	I	See Notes(1)(10)(11)

1. Name and Address of Reporting Person^*

Neos Partners, LP

(Last) (First) (Middle)

12770 EL CAMINO REAL, SUITE 300

(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^*

Neos Partners GP, LLC

(Last) (First) (Middle)

12770 EL CAMINO REAL, SUITE 300

(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^*

Neos Partners I LP

(Last) (First) (Middle)

12770 EL CAMINO REAL, SUITE 300

(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^*

Neos Partners I-A LP

(Last) (First) (Middle)

12770 EL CAMINO REAL, SUITE 300

(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^*

Neos Partners I-B LP

(Last) (First) (Middle)

12770 EL CAMINO REAL, SUITE 300

(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^*

Neos Partners I Expansion LP

(Last) (First) (Middle)

12770 EL CAMINO REAL, SUITE 300

(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^*

Neos Partners I GP LLC

(Last) (First) (Middle)

12770 EL CAMINO REAL, SUITE 300

(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^*

Neos Partners I Expansion GP LLC

(Last) (First) (Middle)

12770 EL CAMINO REAL, SUITE 300

(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 first 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	07/08/2026
	** 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)