STOCK TITAN

MSC Industrial (MSM): Spruce Trust and Korenvaes report over 5% ownership stake

(Neutral)
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

MSC Industrial Direct Co., Inc. is the subject of a Schedule 13G reporting beneficial ownership of its Class A Common Stock. Harlan B. Korenvaes, a U.S. citizen, reports beneficial ownership of 4,294,324 shares, representing 5.9% of the Class A Common Stock, with sole voting and sole dispositive power over these shares.

Spruce Trust, a trust organized under New York law by Mitchell Jacobson, reports beneficial ownership of 4,119,310 shares, representing 5.7% of the class, also with sole voting and dispositive power. Korenvaes is trustee of Spruce Trust and another Jacobson-organized trust holding an additional 175,014 shares, which together comprise his reported beneficial ownership. Both reporting persons share the same business address in Dallas, Texas, and have entered into a joint filing agreement.

Positive

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Negative

  • None.
Shares beneficially owned by Harlan B. Korenvaes 4,294,324 shares Class A Common Stock beneficially owned with sole voting and dispositive power
Ownership percentage Harlan B. Korenvaes 5.9% Percent of MSC Industrial Direct Class A Common Stock
Shares beneficially owned by Spruce Trust 4,119,310 shares Class A Common Stock beneficially owned with sole voting and dispositive power
Ownership percentage Spruce Trust 5.7% Percent of MSC Industrial Direct Class A Common Stock
Additional trust shares overseen by Korenvaes 175,014 shares Held by another trust organized by Mitchell Jacobson
Schedule 13G regulatory
"This statement is being filed on behalf of each of the following persons"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially owned financial
"Amount beneficially owned: See Rows (5) through (11) of each Reporting Person's cover page."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"5 | Sole Voting Power 4,294,324.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Power financial
"7 | Sole Dispositive Power 4,294,324.00 8 | Shared Dispositive Power 0.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
joint filing agreement regulatory
"Exhibit 1: Joint Filing Agreement."

FAQ

What percentage of MSC Industrial Direct (MSM) shares does Harlan B. Korenvaes report owning?

Harlan B. Korenvaes reports beneficial ownership of 5.9% of MSC Industrial Direct’s Class A Common Stock, representing 4,294,324 shares, over which he has sole voting and sole dispositive power through his trustee role in related trusts.

How many MSC Industrial Direct (MSM) shares does Spruce Trust beneficially own?

Spruce Trust reports beneficial ownership of 4,119,310 shares of MSC Industrial Direct’s Class A Common Stock, representing 5.7% of the class, with sole voting power and sole dispositive power over all of these reported shares.

What is the relationship between Harlan B. Korenvaes and Spruce Trust in the MSC (MSM) Schedule 13G?

Harlan B. Korenvaes is the trustee of Spruce Trust and another trust organized by Mitchell Jacobson. Spruce Trust itself is a New York trust, and both Korenvaes and Spruce Trust are joint reporting persons on this Schedule 13G filing.

What voting and dispositive powers are reported over MSC Industrial (MSM) shares?

Harlan B. Korenvaes reports sole voting and sole dispositive power over 4,294,324 shares. Spruce Trust reports sole voting and sole dispositive power over 4,119,310 shares. Both report no shared voting or shared dispositive power over MSC Industrial shares.

Where are the reporting persons for MSC Industrial (MSM) Schedule 13G located?

The principal business address for Harlan B. Korenvaes and Spruce Trust is listed as 3879 Maple Ave, Suite 150, Dallas, TX 75219, while MSC Industrial’s principal executive offices are in Melville, New York.

What class of MSC Industrial (MSM) securities is covered by this Schedule 13G?

The Schedule 13G covers Class A Common Stock, par value $0.001 per share, of MSC Industrial Direct Co., Inc., identified by CUSIP 553530106, which is the security class reported as beneficially owned by the filing parties.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





553530106

(CUSIP Number)
08/04/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: The Reporting Person is the trustee of the Spruce Trust, a trust organized by Mitchell Jacobson, which holds 4,119,310 shares and another trust organized by Mitchell Jacobson which holds 175,014 shares.


SCHEDULE 13G




Comment for Type of Reporting Person: The Reporting Person is a trust organized by Mitchell Jacobson.


SCHEDULE 13G



Harlan B. Korenvaes
Signature:/s/ Harlan B. Korenvaes
Name/Title:Harlan B. Korenvaes
Date:08/11/2026
Spruce Trust
Signature:/s/ Harlan B. Korenvaes
Name/Title:Harlan B. Korenvaes, Trustee
Date:08/11/2026
Exhibit Information

Exhibit 1: Joint Filing Agreement.