Legence officer to sell 4,196 Class A shares
An officer of Legence Corp. has filed a Rule 144 notice to sell 4,196 Class A shares following a stock option exercise.
Rhea-AI Filing Summary
Legence Corp. (LGN) is the issuer for a planned Rule 144 sale by officer Philippe Le Bris. A broker, Fidelity Brokerage Services LLC, has filed notice to sell 4,196 Class A shares, expected to be sold on or after September 16, 2026 on NASDAQ. The shares are to be issued from a stock option exercise for cash.
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Key Figures
Class A shares to be sold: 4,196 shares
Aggregate value of shares: 226,835.76
Planned transaction date: September 16, 2026
3 metrics
Class A shares to be sold
4,196 shares
Planned Rule 144 sale by officer Philippe Le Bris
Aggregate value of shares
226,835.76
Value associated with the 4,196 Class A shares to be sold
Planned transaction date
September 16, 2026
Date for stock option exercise and related share sale
Key Terms
Rule 144, stock option exercise, attorney-in-fact
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
stock option exercise financial
"Class A | 09/16/2026 | Stock Option Exercise | Issuer"
A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.
attorney-in-fact regulatory
"as attorney-in-fact for Philippe Le Bris"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 144 filing disclose for Legence Corp. (LGN)?
It discloses that officer Philippe Le Bris, through Fidelity Brokerage Services LLC, has filed notice under Rule 144 to sell 4,196 Class A shares of Legence Corp., expected to be sold on or after September 16, 2026.
Who is the selling security holder in the Legence Corp. (LGN) Form 144?
The securities are to be sold for the account of Philippe Le Bris, an officer of Legence Corp. Fidelity Brokerage Services LLC is identified as the broker, and it signed the form as attorney-in-fact for Philippe Le Bris.
AI-generated analysis. How Rhea-AI works. Not financial advice.