[Form 4] IES Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

IES Holdings, Inc. (IESC) filed a Form 4 reporting a routine equity transaction by its Chief Technical Officer. On 11/21/2025, 179 shares of common stock were withheld at a price of $371.19 per share to cover taxes from the vesting of Phantom Stock Units granted on December 6, 2022 under the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated. Following this tax withholding, the reporting person beneficially owns 559 shares of IES common stock directly.

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^*

Allen Matthew Michael

(Last) (First) (Middle)

13131 DAIRY ASHFORD ROAD

SUITE 500

(Street)

SUGAR LAND TX 77478

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

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	11/21/2025		F		179(1)	D	$371.19	559	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. Represents shares of Common Stock withheld to satisfy the tax obligation resulting from the vesting of the Phantom Stock Units granted to Mr. Allen on December 6, 2022 pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated.

Remarks:

	/s/ Mary K. Newman, Attorney-in-Fact	11/24/2025
	** 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.

FAQ

What insider transaction did IESC report in this Form 4?

The Form 4 reports that the Chief Technical Officer of IES Holdings, Inc. (IESC) had 179 shares of common stock withheld to satisfy tax obligations related to vesting Phantom Stock Units.

How many IESC shares were withheld and at what price?

A total of 179 shares of IES Holdings common stock were withheld at a price of $371.19 per share to cover the reporting person’s tax liability.

How many IESC shares does the reporting person own after this transaction?

After the tax withholding transaction, the reporting person beneficially owns 559 shares of IES Holdings, Inc. common stock in direct ownership.

What is the role of the reporting person at IES Holdings (IESC)?

The reporting person is an officer of IES Holdings, Inc., serving as the company’s Chief Technical Officer.

Why were the IESC shares withheld from the reporting person?

The 179 shares were withheld to satisfy tax obligations arising from the vesting of Phantom Stock Units granted on December 6, 2022 under the company’s 2006 Equity Incentive Plan, as amended and restated.

Was this IESC Form 4 transaction part of an equity incentive plan?

Yes. The shares relate to Phantom Stock Units granted pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated, and the withholding was to cover taxes on their vesting.