STOCK TITAN

Weichai entities disclose large PSIX stock sales; joint filing details prices

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Power Solutions International insiders sold substantial common stock holdings on 08/26/2025. The report is filed jointly by Weichai America Corp., Weichai Power Co., Ltd. and Shandong Heavy Industry Group Co., Ltd., which together hold and share voting and dispositive power over the reported shares. Multiple block sales occurred through broker-dealer transactions executed pursuant to Rule 144, with individual lots sold at weighted-average prices ranging from about $80.66 to $89.00 per share. Following these dispositions, the Reporting Persons beneficially owned between 10,716,152 and 10,796,651 shares across the reported lines, held indirectly. The filing discloses the Rule 144 sales and includes powers of attorney referenced by exhibit.

Positive

  • Transparent disclosure of Rule 144 broker-dealer sales with detailed weighted-average price ranges for each lot
  • Joint filing clearly identifies shared voting and dispositive power among Weichai America Corp., Weichai Power Co., Ltd. and Shandong Heavy Industry Group Co., Ltd.
  • Footnotes pledge to provide transaction-level detail on request, supporting completeness

Negative

  • Substantial dispositions of common stock across multiple lots on 08/26/2025, reducing reported holdings
  • Form 4 does not state total outstanding shares or percent ownership, so impact on control or dilution cannot be assessed from this filing alone

Insights

TL;DR: Multiple sizable Rule 144 block sales by major shareholders reduce their stake and are disclosed transparently.

The Reporting Persons executed a series of non-derivative dispositions of common stock in multiple lots on 08/26/2025 through broker-dealer transactions pursuant to Rule 144. The filings show weighted-average prices for lots between approximately $80.66 and $89.00 per share and indicate indirect beneficial ownership of roughly 10.7 million shares after the transactions. From an investor disclosure perspective, the report is complete in describing the method of sale, price ranges and joint filing structure. Materiality for valuation or control is not determinable from this Form 4 alone because total outstanding shares and percentage ownership are not stated here.

TL;DR: Joint reporting and power-sharing are clearly documented; the Form 4 complies with Rule 144 sale disclosure requirements.

The report identifies three related Reporting Persons that share voting and dispositive power and discloses multiple Rule 144 broker-dealer sales executed the same day. The inclusion of explanatory footnotes for price ranges and referenced powers of attorney supports transparency and regulatory compliance. The Form 4 does not assert any individual beneficial ownership, instead showing indirect ownership via the reporting entities. The filing is procedural and informational; it documents insider disposition activity without additional corporate governance actions disclosed.

Insider Weichai America Corp., Weichai Power Co., Ltd., Shandong Heavy Industry Group Co., Ltd.
Role 10% Owner | 10% Owner | 10% Owner
Sold 94,047 shs ($7.83M)
Type Security Shares Price Value
Sale Common Stock 13,548 $80.659 $1.09M
Sale Common Stock 21,925 $81.5697 $1.79M
Sale Common Stock 17,075 $82.486 $1.41M
Sale Common Stock 11,923 $83.455 $995K
Sale Common Stock 9,949 $84.3466 $839K
Sale Common Stock 2,093 $85.8071 $180K
Sale Common Stock 11,295 $86.7352 $980K
Sale Common Stock 2,676 $87.518 $234K
Sale Common Stock 3,385 $88.35 $299K
Sale Common Stock 178 $89.00 $16K
Holdings After Transaction: Common Stock — 10,796,651 shares (Indirect, See Explanation of Responses)
Footnotes (1)
  1. These transactions occurred pursuant to broker-dealer sales conducted in accordance with Rule 144 under the Securities Act of 1933, as amended. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.32 to $80.98, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.02 to $81.985, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.00 to $82.99, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.00 to $83.995, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.00 to $84.96, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.02 to $85.955, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.475 to $86.965, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.00 to $87.91, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.00 to $88.99, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote. This report is filed jointly by Weichai America Corp., Weichai Power Co., Ltd. and Shandong Heavy Industry Group Co., Ltd. (collectively, the "Reporting Persons"). Weichai America Corp. is the direct owner of the Common Stock referenced in this report and shares the power to vote and the power to dispose of all of such shares of Common Stock with the other Reporting Persons. No individual has beneficial ownership over the Common Stock beneficially owned by the Reporting Persons.
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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Weichai America Corp.

(Last) (First) (Middle)
3100 GOLF ROAD

(Street)
ROLLING MEADOWS IL 60008

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
POWER SOLUTIONS INTERNATIONAL, INC. [ PSIX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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 08/26/2025 S(1) 13,548 D $80.659(2) 10,796,651 I See Explanation of Responses(11)
Common Stock 08/26/2025 S(1) 21,925 D $81.5697(3) 10,774,726 I See Explanation of Responses(11)
Common Stock 08/26/2025 S(1) 17,075 D $82.486(4) 10,757,651 I See Explanation of Responses(11)
Common Stock 08/26/2025 S(1) 11,923 D $83.455(5) 10,745,728 I See Explanation of Responses(11)
Common Stock 08/26/2025 S(1) 9,949 D $84.3466(6) 10,735,779 I See Explanation of Responses(11)
Common Stock 08/26/2025 S(1) 2,093 D $85.8071(7) 10,733,686 I See Explanation of Responses(11)
Common Stock 08/26/2025 S(1) 11,295 D $86.7352(8) 10,722,391 I See Explanation of Responses(11)
Common Stock 08/26/2025 S(1) 2,676 D $87.518(9) 10,719,715 I See Explanation of Responses(11)
Common Stock 08/26/2025 S(1) 3,385 D $88.35(10) 10,716,300 I See Explanation of Responses(11)
Common Stock 08/26/2025 S(1) 178 D $89 10,716,152 I See Explanation of Responses(11)
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
1. Name and Address of Reporting Person*
Weichai America Corp.

(Last) (First) (Middle)
3100 GOLF ROAD

(Street)
ROLLING MEADOWS IL 60008

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Weichai Power Co., Ltd.

(Last) (First) (Middle)
SECTION A 197, FU SHOU EAST STREET
HIGH-TECH INDUSTRIAL DEV. ZONE

(Street)
WEIFANG, SHANDONG PROVINCE F4 261061

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Shandong Heavy Industry Group Co., Ltd.

(Last) (First) (Middle)
#40-1 YANZI SHAN WEST ROAD

(Street)
JINAN, SHANDONG PROVINCE F4 250014

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. These transactions occurred pursuant to broker-dealer sales conducted in accordance with Rule 144 under the Securities Act of 1933, as amended.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.32 to $80.98, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.02 to $81.985, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.00 to $82.99, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote.
5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.00 to $83.995, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote.
6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.00 to $84.96, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote.
7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.02 to $85.955, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote.
8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.475 to $86.965, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote.
9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.00 to $87.91, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote.
10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.00 to $88.99, inclusive. The Reporting Persons (as defined below) undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote.
11. This report is filed jointly by Weichai America Corp., Weichai Power Co., Ltd. and Shandong Heavy Industry Group Co., Ltd. (collectively, the "Reporting Persons"). Weichai America Corp. is the direct owner of the Common Stock referenced in this report and shares the power to vote and the power to dispose of all of such shares of Common Stock with the other Reporting Persons. No individual has beneficial ownership over the Common Stock beneficially owned by the Reporting Persons.
Remarks:
Exhibit List: Exhibit 24.1 - Power of Attorney (Weichai Power Co., Ltd.), incorporated by reference to Exhibit 24.1 to the Form 4 filed by Reporting Persons with the Securities and Exchange Commission on August 14, 2025 Exhibit 24.2 - Power of Attorney (Shandong Heavy Industry Group Co., Ltd.), incorporated by reference to Exhibit 24.2 to the Form 4 filed by Reporting Persons with the Securities and Exchange Commission on August 14, 2025
/s/ Jinguang Liu (aka Jin Liu), Chief Financial Officer, Weichai America Corp. 08/28/2025
/s/ Chenglong Sun, Authorized Representative, Weichai Power Co., Ltd. 08/28/2025
/s/ Chenglong Sun, Authorized Representative, Shandong Heavy Industry Group Co., Ltd. 08/28/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did PSIX reporting persons make on 08/26/2025?

They executed multiple broker-dealer sales pursuant to Rule 144, disposing of lots ranging from 178 to 21,925 shares at weighted-average prices between approximately $80.659 and $89.00 per share.

Who filed the Form 4 reporting PSIX insider sales?

The report was filed jointly by Weichai America Corp., Weichai Power Co., Ltd. and Shandong Heavy Industry Group Co., Ltd., which share voting and dispositive power over the reported shares.

How many shares did the Reporting Persons own after the reported transactions?

The filings show beneficial ownership levels across reported lines ranging from 10,716,152 to 10,796,651 shares following the transactions.

Were the sales part of a Rule 10b5-1 plan or Rule 144 transactions?

The explanatory notes state the transactions occurred pursuant to broker-dealer sales conducted in accordance with Rule 144 under the Securities Act of 1933.

Are there exhibits or powers of attorney referenced in the filing?

Yes. The filing references Exhibit 24.1 and Exhibit 24.2 as powers of attorney incorporated by reference to prior Form 4 filings.