Insider group tied to IES Holdings (IESC) reports multi-day share sales

Rhea-AI Filing Summary

IES Holdings’ major shareholder group reported insider sales of common stock. Tontine Capital Partners, L.P. and affiliated Tontine entities, which are 10% owners associated with Executive Chairman Jeffrey L. Gendell, reported multiple open-market sales totaling 8,159 shares of IES Holdings common stock on February 12, 13 and 17, 2026.

The sales were executed at prices ranging from about $520.10 to $533.26 per share, leaving 10,587,161 shares of common stock indirectly beneficially owned after the last transaction. Footnotes state these securities are held through various Tontine entities and that Mr. Gendell and several entities disclaim beneficial ownership except for securities they directly own or their pro rata 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

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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^*

GENDELL JEFFREY L ET AL

(Last) (First) (Middle)

1 SOUND SHORE DRIVE

(Street)

GREENWICH CT 06830

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

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

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
Common Stock, par value $0.01 per share	02/12/2026		S		980	D	$525.05(1)	10,594,340	I	See footnotes(2)(3)(4)(5)(6)
Common Stock, par value $0.01 per share	02/12/2026		S		1,083	D	$526.51(7)	10,593,257	I	See footnotes(2)(3)(4)(5)(6)
Common Stock, par value $0.01 per share	02/12/2026		S		100	D	$527.27	10,593,157	I	See footnotes(2)(3)(4)(5)(6)
Common Stock, par value $0.01 per share	02/12/2026		S		257	D	$528.65(8)	10,592,900	I	See footnotes(2)(3)(4)(5)(6)
Common Stock, par value $0.01 per share	02/12/2026		S		180	D	$530.68(9)	10,592,720	I	See footnotes(2)(3)(4)(5)(6)
Common Stock, par value $0.01 per share	02/12/2026		S		874	D	$531.71(10)	10,591,846	I	See footnotes(2)(3)(4)(5)(6)
Common Stock, par value $0.01 per share	02/12/2026		S		1,574	D	$533.26(11)	10,590,272	I	See footnotes(2)(3)(4)(5)(6)
Common Stock, par value $0.01 per share	02/13/2026		S		2,791	D	$520.1(12)	10,587,481	I	See footnotes(2)(3)(4)(5)(6)
Common Stock, par value $0.01 per share	02/17/2026		S		320	D	$520.43(13)	10,587,161	I	See footnotes(2)(3)(4)(5)(6)

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

1. Name and Address of Reporting Person^*

GENDELL JEFFREY L ET AL

(Last) (First) (Middle)

1 SOUND SHORE DRIVE

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

TONTINE ASSET ASSOCIATES, L.L.C.

(Last) (First) (Middle)

1 SOUND SHORE DRIVE

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

TONTINE CAPITAL MANAGEMENT LLC

(Last) (First) (Middle)

1 SOUND SHORE DRIVE

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

TONTINE CAPITAL OVERSEAS MASTER FUND II, L.P.

(Last) (First) (Middle)

1 SOUND SHORE DRIVE

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

TONTINE CAPITAL PARTNERS L P

(Last) (First) (Middle)

1 SOUND SHORE DRIVE

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

TONTINE MANAGEMENT LLC

(Last) (First) (Middle)

1 SOUND SHORE DRIVE

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Tontine Associates, LLC

(Last) (First) (Middle)

1 SOUND SHORE DRIVE

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Tontine Capital Overseas GP, LLC

(Last) (First) (Middle)

1 SOUND SHORE DRIVE

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. All shares of Common Stock reported as sold in this Form 4 were sold by Tontine Capital Partners, L.P., a Delaware limited partnership ("TCP"). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $525.00 to $525.94, inclusive. 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 at each separate price within the range set forth in this footnote.

2. This report is filed jointly by TCP, Tontine Capital Management, L.L.C., a Delaware limited liability company ("TCM"), Tontine Management, L.L.C., a Delaware limited liability company ("TM"), Tontine Capital Overseas Master Fund II, L.P., a Delaware limited partnership ("TCP 2"), Tontine Asset Associates, L.L.C., a Delaware limited liability company ("TAA"), Tontine Associates, L.L.C., a Delaware limited liability company ("TA"), Tontine Capital Overseas GP, L.L.C., a Delaware limited liability company ("TCO"), and Jeffrey L. Gendell ("Mr. Gendell"). Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP; (b) TM; (c) TAA, the general partner of TCP 2; (d) TA; and (e) TCO.

3. TCP directly owns 5,524,391 shares of Common Stock, TCM directly owns 1,910,529 shares of Common Stock, TM directly owns 1,410,162 shares of Common Stock, TCP 2 directly owns 710,934 shares of Common Stock, TAA directly owns 96,891 shares of Common Stock, TA directly owns 640,057 shares of Common Stock, TCO directly owns 47,284 shares of Common Stock, Mr. Gendell directly owns 178,481 shares of Common Stock and 65,069 phantom stock units granted to him pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated, and Mr. Gendell's adult children own 3,363 shares of Common Stock through trusts for which Mr. Gendell acts as trustee.

4. All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell. The foregoing securities held by TCP may be deemed to be beneficially owned by TCM. The foregoing securities held by TCP 2 may be deemed to be beneficially owned by TAA.

5. Mr. Gendell disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by Mr. Gendell or representing Mr. Gendell's pro rata interest in, and interest in the profits of, TCM, TCP, TM, TCP 2, TAA, TA and TCO. TCM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCM or representing TCM's pro rata interest in, and interest in the profits of, TCP.

6. TAA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TAA or representing TAA's pro rata interest in, and interest in the profits of, TCP 2. TA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TA. TM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TM. TCO disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCO.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $526.00 to $526.53, 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.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $528.49 to $528.93, 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.

9. These shares were sold in multiple transactions each at a price of $530.68. 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.

10. These shares were sold in multiple transactions each at a price of $531.71. 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.

11. These shares were sold in multiple transactions each at a price of $533.26. 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.

12. These shares were sold in multiple transactions each at a price of $520.10. 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.

13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $520.41 to $520.50, 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.

Remarks:

	Tontine Capital Partners, L.P., By: its General Partner, Tontine Capital Management, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell	02/17/2026
	Tontine Capital Management, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell	02/17/2026
	Tontine Management, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell	02/17/2026
	Tontine Capital Overseas Master Fund II, L.P., By: its General Partner, Tontine Asset Associates, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell	02/17/2026
	Tontine Asset Associates, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell	02/17/2026
	Tontine Associates, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell	02/17/2026
	Tontine Capital Overseas GP, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell	02/17/2026
	/s/ Jeffrey L. Gendell	02/17/2026
	** Signature of Reporting Person	Date
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FAQ

What insider activity did IES Holdings (IESC) report in this Form 4?

The filing reports multiple open-market sales of IES Holdings common stock by Tontine Capital Partners, L.P. and affiliated Tontine entities. These entities are 10% owners associated with Executive Chairman Jeffrey L. Gendell and continue to hold a large indirect position after the sales.

How many IES Holdings (IESC) shares were sold by the Tontine entities?

The Tontine entities reported selling a total of 8,159 IES Holdings common shares. The transactions occurred across several trades on February 12, 13 and 17, 2026, as detailed in Table I of the Form 4 and its accompanying footnotes.

At what prices were the IES Holdings (IESC) shares sold in this insider transaction?

The reported IES Holdings share sales were executed at prices ranging from $520.10 to $533.26 per share. Several entries use weighted average prices, with footnotes explaining that individual trades occurred within specified price ranges on each transaction date.

How many IES Holdings (IESC) shares do the reporting entities own after the sales?

After the reported transactions, the Form 4 shows 10,587,161 IES Holdings common shares indirectly beneficially owned. This figure reflects holdings across multiple Tontine entities, as aggregated in Column 5 of Table I following the final reported sale on February 17, 2026.

Who are the reporting persons in the IES Holdings (IESC) Form 4 filing?

The report is filed jointly by Tontine Capital Partners, L.P., several related Tontine LLCs and partnerships, and Jeffrey L. Gendell, Executive Chairman and a 10% owner. Footnotes describe how these entities are related and how Gendell serves as managing member of key general partners.

Does Jeffrey L. Gendell claim beneficial ownership of all IES Holdings (IESC) shares reported?

No. The footnotes state that Jeffrey L. Gendell and several Tontine entities disclaim beneficial ownership of IES Holdings securities except for shares they directly own or their pro rata interests in certain partnerships. This clarifies how much of the position is legally attributed to each party.