Director at IES Holdings (IESC) sells 2,500 company shares

Rhea-AI Filing Summary

IES Holdings, Inc. director Todd M. Cleveland reported a series of open-market sales of common stock. Over March 2–4, 2026, he sold a total of 2,500 shares in seven transactions at reported weighted-average prices around $500–$514 per share. After these sales, his direct ownership stood at 78,089 shares of IES Holdings common stock.

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^*

Cleveland Todd M

(Last) (First) (Middle)

1275 N. OAKLAND AVE.

(Street)

NAPPANEE IN 46550

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
IES Holdings, Inc. [ IESC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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

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

X	Form filed by One Reporting Person
	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
Common Stock	03/02/2026		S		200	D	$513.54(1)	80,617	D
Common Stock	03/03/2026		S		575	D	$500.52(2)	80,042	D
Common Stock	03/03/2026		S		100	D	$501.5(3)	79,714	D
Common Stock	03/03/2026		S		200	D	$502.7(4)	79,514	D
Common Stock	03/04/2026		S		825	D	$500.28(5)	78,689	D
Common Stock	03/04/2026		S		400	D	$501.36(6)	78,289	D
Common Stock	03/04/2026		S		200	D	$502.1(7)	78,089	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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.26 to $513.94, inclusive. The reporting person undertakes to provide IES Holdings, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $500.09 to $501.03, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. These shares were sold in multiple transactions each at a price of $501.50. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold in each separate transaction described in this footnote.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $502.67 to $502.81, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $500.00 to $500.75, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $501.00 to $501.80, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

7. These shares were sold in multiple transactions each at a price of $502.10. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold in each separate transaction described in this footnote.

Remarks:

	/s/ Mary K. Newman, Attorney-in-Fact	03/04/2026
	** 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 did IES Holdings (IESC) disclose in the latest Form 4 for Todd M. Cleveland?

IES Holdings reported that director Todd M. Cleveland sold 2,500 shares of common stock in open-market transactions. The trades occurred over March 2–4, 2026, at weighted-average prices generally around $500–$514 per share, reducing but not eliminating his direct ownership stake.

How many IES Holdings (IESC) shares did Todd M. Cleveland sell and on which dates?

Todd M. Cleveland sold a total of 2,500 IES Holdings common shares. The transactions took place on March 2, March 3, and March 4, 2026, split across seven separate open-market sales as reported in the Form 4 insider trading disclosure.

At what prices were Todd M. Cleveland’s IES Holdings (IESC) shares sold?

The reported sales used weighted-average prices, with transactions occurring in ranges from about $500.00 up to $513.94 per share. Each Form 4 line reflects an average price, with footnotes stating that detailed per-trade pricing is available from the company or the insider upon request.

How many IES Holdings (IESC) shares does Todd M. Cleveland own after the reported sales?

After the reported open-market sales, Todd M. Cleveland directly owns 78,089 shares of IES Holdings common stock. This post-transaction balance is shown in the Form 4 as the number of shares beneficially owned following the last listed sale on March 4, 2026.

Were Todd M. Cleveland’s IES Holdings (IESC) sales single trades or multiple transactions?

The sales were executed as multiple transactions. The Form 4 notes that reported prices are weighted averages, with shares sold in numerous trades within specified price ranges, and offers to provide full breakdowns of share counts and exact prices for each individual trade upon request.

What type of transactions did Todd M. Cleveland execute in IES Holdings (IESC) stock?

The filing describes the activity as open-market sales of IES Holdings common stock. All seven transactions carried the Form 4 code “S,” indicating sales in open-market or private transactions, rather than option exercises, gifts, or other non-sale-related insider movements.