[Form 4] NV5 Global, Inc. Insider Trading Activity

Rhea-AI Filing Summary

On 08/04/2025 NV5 Global, Inc. (NVEE) director Denise Dickins filed Form 4 reporting a code “D” disposition of 22,000 split-adjusted common shares. The share count reflects the 4-for-1 stock split that became effective 10/11/2024.

The disposition results from the Merger Agreement dated 05/14/2025 under which every NVEE share converts into 1.1523 Acuren shares plus $10.00 cash. All restricted stock units held by the director vested immediately before the merger and were converted into the same consideration, net of tax withholding. After the transaction, the reporting person shows 0 directly held NVEE shares, indicating a complete exit tied to the change-of-control event. No derivative positions were reported.

Positive

• Mixed consideration of 1.1523 Acuren shares + $10 cash per NVEE share provides both liquidity and continued equity participation.
• Full vesting of RSUs removes overhang and simplifies capital structure ahead of merger closing.

Negative

• Insider no longer holds NVEE shares, reducing on-board ownership alignment until the deal closes.
• No valuation metrics disclosed in the Form 4, leaving investors unable to gauge implied premium purely from this filing.

Insights

M&A Specialist

TL;DR: Insider Form 4 confirms share-for-share-plus-cash merger conversion; clean exit by director highlights imminent change of control.

The filing documents a mandatory disposition driven by the Acuren merger, not a discretionary sale. The 1.1523-for-1 share exchange plus $10 cash creates a mixed consideration structure that typically implies a premium, though pricing details are absent here. Vesting of restricted units eliminates overhang and simplifies closing mechanics. For investors, the disclosure corroborates that closing conditions are progressing and that insider equity is being cashed out, signaling high deal certainty.

Portfolio Manager

TL;DR: Director now holds zero NVEE shares, confirming shareholder transition to Acuren instruments and cash.

While individual share counts are small relative to NVEE’s float, the filing is a concrete data point that the merger is operational. The cash component adds immediate liquidity; the stock component maintains upside in the combined entity. Absence of open-market price data tempers valuation insight, so overall portfolio impact hinges on final Acuren trading levels post-close.

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

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X

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^*

Dickins Denise

(Last) (First) (Middle)

200 SOUTH PARK RD.

SUITE 350

(Street)

HOLLYWOOD FL 33021

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NV5 Global, Inc. [ NVEE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025

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	08/04/2025		D		22,000(1)	D	(2)	0	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. 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.

2. 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.

	/s/ MaryJo OBrien, as attorney in fact	08/06/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What transaction did NVEE director Denise Dickins report on Form 4?

A non-open-market disposition of 22,000 split-adjusted NVEE shares on 08/04/2025 tied to the Acuren merger.

What is the merger consideration for each NVEE share?

Shareholders will receive 1.1523 Acuren shares plus $10.00 in cash per NVEE share.

How many NVEE shares does the director hold after the transaction?

The Form 4 shows 0 directly owned shares following the reported disposition.

Why did the RSUs vest immediately?

The Merger Agreement triggered automatic full vesting of restricted stock units just before the mergers’ effective time.

When did NVEE execute its 4-for-1 stock split?

The split became effective on a split-adjusted basis on October 11, 2024.