IESC Insider Sale: Mary K. Newman Disposes of 3,000 Shares at ~$324

Rhea-AI Filing Summary

Mary K. Newman, SVP, CAO and General Counsel of IES Holdings, Inc. (IESC), reported insider sales. The Form 4 shows two separate dispositions on 08/21/2025: 2,556 shares sold at $323.76 and 444 shares sold at a weighted-average price of $325.19. A footnote states the weighted-average reflected multiple transactions priced between $325.00 and $325.81 and that the reporting person will provide per-transaction details upon request. Following these transactions the filing reports beneficial ownership of 20,735.3 shares (direct). The Form 4 is signed by Mary K. Newman on 08/22/2025.

Positive

• Timely and complete disclosure of the reporting person, role, transaction dates, quantities, prices, and signature on Form 4
• Footnote clarifies that the reported weighted-average price reflects multiple trades and offers per-trade detail on request

Negative

• Insider disposed of shares (total of 3,000 shares sold on 08/21/2025), reducing direct beneficial ownership to 20,735.3 shares
• Filing does not state total proceeds or percentage ownership change relative to outstanding shares, so materiality cannot be assessed from this filing alone

Insights

Securities Compliance Analyst

TL;DR: Insider timely disclosed two stock dispositions totaling 3,000 shares with a clear weighted-average price footnote.

The Form 4 is complete in disclosing the reporting person, relationship to the issuer, transaction dates, quantities, and prices. The filing includes a footnote clarifying the weighted-average price range and an explicit offer to provide per-trade details on request, which supports transparency and compliance with Section 16 reporting obligations. The signature and filing timeline are present, indicating procedural compliance. No amendments or additional contextual disclosures are provided in this filing.

Financial Analyst

TL;DR: Two insider sales on 08/21/2025 reduced direct holdings to 20,735.3 shares; sales executed at roughly $324–$325.

The transaction sizes are stated and the weighted-average pricing is disclosed with a specified per-trade range of $325.00 to $325.81. The filing shows step-down in direct beneficial ownership from 21,179.3 to 20,735.3 shares after the reported sales. The report does not provide proceeds or percentage of total holdings represented by the sale beyond the stated share counts, so materiality to overall shareholder base cannot be determined from this filing alone.

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^*

Newman Mary K

(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)
	SVP, CAO and General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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	08/21/2025		S		2,556	D	$323.76	21,179.3	D
Common Stock	08/21/2025		S		444	D	$325.19(1)	20,735.3	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 purchased in multiple transactions at prices ranging from $325.00 to $325.81, inclusive. The reporting person undertakes to provide IES Holdings, Inc. ("IES"), any security holder of IES, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote

Remarks:

	/s/ Mary K. Newman	08/22/2025
	** 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 transactions did Mary K. Newman report on Form 4 for IESC?

The Form 4 reports two dispositions on 08/21/2025: 2,556 shares sold at $323.76 and 444 shares sold at a weighted-average price of $325.19.

How many IESC shares does Mary K. Newman beneficially own after the reported trades?

The filing reports 20,735.3 shares (direct) beneficially owned following the reported transactions.

What price range is disclosed for the reported sales?

A footnote states the weighted-average reflected multiple trades priced between $325.00 and $325.81; the filing offers to provide per-trade details on request.

When were the transactions and when was the Form 4 signed?

Transactions occurred on 08/21/2025 and the Form 4 is signed by Mary K. Newman on 08/22/2025.

What is Mary K. Newman’s role at IES Holdings, Inc. as listed on the Form 4?

She is listed as SVP, CAO and General Counsel and the form indicates she is an officer and director.