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

Rhea-AI Filing Summary

On 08/04/2025, NV5 Global, Inc. (NVEE) Executive Vice President, Chief Administrative Officer & Secretary and Director MaryJo O’Brien filed a Form 4 reporting the disposition of her entire 263,621-share direct holding of NV5 common stock. The shares were automatically converted under the 05/14/2025 Agreement and Plan of Merger between NV5 and Acuren Corporation. Each NV5 share was exchanged for 1.1523 Acuren shares plus $10.00 cash; all outstanding restricted stock vested immediately before the mergers’ effective time and received the same consideration, net of tax withholding. Following the transaction, the insider reports zero NV5 shares owned and no derivative holdings.

The filing signals consummation of the change-of-control transaction and confirms that NV5 equity will be replaced by a cash-and-stock package in Acuren for all shareholders.

Insights

M&A Specialist

TL;DR: Insider’s Form 4 confirms NV5–Acuren merger closing and full share conversion; impactful for valuation and liquidity.

The automatic conversion of 263,621 insider shares into 1.1523 Acuren shares plus $10 cash per NV5 share evidences final execution of the merger agreement. Because consideration includes a fixed cash element, downside risk for NV5 holders is capped, while upside now tracks Acuren’s performance. The insider’s stake falls to zero, underscoring change-of-control and eliminating potential governance continuity. Investors should focus on exchange ratio economics and Acuren’s post-deal valuation.

Portfolio Manager

TL;DR: Filing is impactful; NV5 equity converts, insider exits, cash element provides partial floor.

This Form 4 is a procedural yet material disclosure: a senior officer’s full divestiture confirms that NV5 shares are effectively retired. Holders receive $10 cash plus 1.1523 Acuren shares, implying blended value contingent on Acuren pricing. The absence of price data limits immediate arbitrage analysis, but the conversion ratio locks relative ownership. Loss of insider ownership could reduce alignment, but post-close governance shifts to Acuren. Overall, the event crystallises value and liquidity, positioning the combined entity for integration risk.

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^*

O'Brien MaryJo

(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
X	Officer (give title below)		Other (specify below)
	Ex VP, Chief Admin & Secretary

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		263,621	D	(1)	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. 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 award 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	08/06/2025
	** Signature of Reporting Person	Date
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