CD&R Increases REZI Stake with Three Open-Market Purchases
Rhea-AI Filing Summary
CD&R Channel Holdings II, L.P. disclosed purchases of Resideo Technologies, Inc. (REZI) common stock on August 22 and August 25, 2025. The filings report three purchase transactions: 14,037 shares at a weighted average price of $32.6827, 20,589 shares at $33.9039, and 12,327 shares at $33.952, bringing the reported beneficial ownership to 12,862,161 shares held directly by CD&R Channel Holdings II, L.P. The report clarifies that CD&R Investment Associates XII, Ltd. is the general partner and CD&R Associates XII, L.P. may be deemed to beneficially own the shares; investment and voting decisions are made by an Investment Committee.
Positive
- Material open-market purchases: 14,037 shares at $32.6827, 20,589 shares at $33.9039, and 12,327 shares at $33.952, evidencing active accumulation by the reporting person.
Negative
- None.
Insights
TL;DR: Significant insider purchases increased CD&R's reported direct stake to 12.86 million REZI shares, signaling continued accumulation by a major holder.
The Form 4 shows three open-market purchases totaling 47,0?53 shares at weighted-average prices between $32.68 and $33.95, raising reported direct beneficial ownership to 12,862,161 shares. These are explicit acquisitions (code P) rather than derivative exercises. For investors, the filing documents that a large private-equity-affiliated holder and its affiliated entities are actively adding to their position, with purchase prices disclosed as weighted averages and ranges provided in footnotes.
TL;DR: The filing documents coordinated disclosures across related entities; control and beneficial ownership are clearly described.
The Form 4 properly attributes direct ownership to CD&R Channel Holdings II, L.P. and discloses the GP and related limited-partner structures that may be deemed beneficial owners. It states that investment and voting decisions are made by an Investment Committee and includes the required footnote detail on weighted-average purchase prices. Signatures from the relevant reporting entities are provided, showing compliance with Section 16 reporting obligations.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 12,327 | $33.952 | $419K |
| Purchase | Common Stock | 14,037 | $32.6827 | $459K |
| Purchase | Common Stock | 20,589 | $33.9039 | $698K |
Footnotes (1)
- The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $32.37 to $32.95. The Reporting Person undertakes to provide to Resideo Technologies, Inc. (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 purchased at each separate price within the ranges set forth in this footnote and in footnotes 3 and 4. These securities are owned directly by CD&R Channel Holdings II, L.P. ("CD&R Holdings II"). CD&R Investment Associates XII, Ltd. ("CD&R Holdings GP") is the general partner of CD&R Holdings II and may be deemed to beneficially own the reported securities. Investment and voting decisions with respect to the reported securities are made by majority vote of an investment committee (the "Investment Committee") of limited partners of CD&R Associates XII, L.P. ("CD&R Associates"), which may be deemed to beneficially own the reported securities. Each of CD&R Holdings GP and CD&R Associates, as well as each member of the Investment Committee, expressly disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $33.485 to $34.00. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $33.85 to $34.00.
