William D. Pruitt Reports NV5 Stock Converted to Acuren Shares & Cash
Rhea-AI Filing Summary
Director William D. Pruitt has reported the automatic disposition of a total of 84,564 NVEE common shares on 08/04/2025. The shares—held directly and through three related trusts/partnerships—were converted under the May 14 2025 Agreement and Plan of Merger whereby each NV5 Global share became entitled to 1.1523 shares of Acuren common stock plus $10 in cash. Because consideration was delivered by the acquirer, the Form 4 lists transaction code “D” at a price of $0. The filing reflects the Company’s 4-for-1 stock split effective 10/11/2024 and shows no remaining NVEE share ownership; Mr. Pruitt expressly disclaims beneficial ownership of the reported securities.
Positive
- None.
Negative
- Director’s entire NVEE position disposed, ending insider equity alignment, although this is merger-driven rather than discretionary selling.
Insights
TL;DR: Routine merger-related conversion; insider no longer holds NVEE, impact neutral for valuation.
The Form 4 documents a mechanical share disposition driven by the NV5-Acuren merger, not an open-market sale. While 84,564 shares appear to leave insider hands, they are effectively exchanged for Acuren equity and cash, so there is no bearish signal about NVEE’s standalone prospects. Post-merger, NVEE stock ceases to exist, making continued insider alignment moot. No price discovery or liquidity impact occurs, and the filing conveys no new financial metrics; therefore, investor impact is minimal.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 2,000 | $0.00 | -- |
| Disposition | Common Stock | 32,000 | $0.00 | -- |
| Disposition | Common Stock | 564 | $0.00 | -- |
| Disposition | Common Stock | 50,000 | $0.00 | -- |
Footnotes (1)
- Mr. Pruitt disclaims beneficial ownership of the securities indicated, and the reporting herein of such securities, shall not be construed as an admission that the undersigned is the beneficial owner thereof for purposes of Section 16 or for any other purpose. Mr. Pruitt is the President of Pruitt Ventures, Inc. which is the general partner of Pruitt Enterprises, LP and has voting and dispositive power with respect to these shares. Mr. Pruitt disclaims beneficial ownership except to the extent of any indirect pecuniary interest therein. Pursuant to the Agreement and Plan of Merger, dated as of May 14, 2025 (the "Merger Agreement"), by and among NV5 Global, Inc. (the "Company"), Acuren Corporation ("Acuren"), Ryder Merger Sub I, Inc. and Ryder Merger Sub II, Inc., each outstanding share of common stock of the Issuer was converted into the right to receive 1.1523 shares of Acuren common stock per share and $10.00 in cash per share (together, the "Merger Consideration"). In addition, pursuant to the Merger Agreement, any outstanding restricted stock units of NV5 held by the Reporting Person automatically vested in full in accordance with its terms immediately prior to the effective time of the mergers and converted into the right to receive the Merger Consideration, less applicable tax withholdings. NV5 Global, Inc.'s, Board of Directors authorized a 4-for-1 stock split of its common stock, effective on a split-adjusted basis on October 11, 2024. The securities beneficially owned following this reported transaction accounts for this 4-for-1 stock split.
