LOR, Inc. discloses 19,297,383 ROL shares sold at $56.93

Rhea-AI Filing Summary

Rollins, Inc. (ROL): A reporting person identified as a 10% owner, LOR, Inc., reported selling 19,297,383 shares of Rollins common stock on 11/10/2025 at $56.93 per share (transaction code “S”). The shares were disposed of in connection with an underwritten secondary offering, including the underwriter’s overallotment option, under an underwriting agreement dated November 10, 2025 with Morgan Stanley & Co. LLC as representative of the underwriters.

After the reported transactions, the filing lists 145,284,066 shares beneficially owned directly, and additional indirect holdings of 3,945,035 shares through RCTLOR, LLC, 744,963 shares through RFT Investment Company, LLC, and 2,235,811 shares through RFA Management Company, LLC. The filer disclaims beneficial ownership beyond its pecuniary interest.

Insights

Equity Capital Markets Analyst

Large insider sale via underwritten secondary; increases float but does not indicate issuer dilution.

The reporting person sold 19,297,383 shares of Rollins, Inc. (ROL) on November 10, 2025 at $56.93 per share. The transaction occurred through an underwritten secondary offering, and the underwriters exercised an overallotment option. This is a sizable block trade executed under an underwriting agreement that included the reporting person, Rollins Holding Company, Inc., Rollins, Inc., and Morgan Stanley & Co. LLC as representative of the underwriters.

Following the sale, the reporting person reports 145,284,066 shares held directly and additional indirect holdings through named entities, while disclaiming beneficial ownership beyond pecuniary interest. The disclosure reflects a transfer of ownership by a significant holder and does not indicate issuance of new shares or option exercises in Table II.

Items to watch: any related lock-up or subsequent sales would appear in future filings, and any issuer communications tied to this offering structure. The dated underwriting agreement on November 10, 2025 and the exercised overallotment are concrete markers for tracking follow-on disclosures.

Insider Trade Summary

Net Seller: 19,297,383 shares ($1,098,600,014)

Net Sell 4 txns

Insider LOR INC

Role 10% Owner

Sold 19,297,383 shs ($1.10B)

Type	Security	Shares	Price	Value
Sale	Rollins, Inc. Common Stock, $1 Par Value	19,297,383	$56.93	$1.10B
holding	Rollins, Inc. Common Stock, $1 Par Value	--	--	--
holding	Rollins, Inc. Common Stock, $1 Par Value	--	--	--
holding	Rollins, Inc. Common Stock, $1 Par Value	--	--	--

Holdings After Transaction: Rollins, Inc. Common Stock, $1 Par Value — 145,284,066 shares (Direct); Rollins, Inc. Common Stock, $1 Par Value — 3,945,035 shares (Indirect, Held indirectly through RCTLOR, LLC)

Footnotes (1)

1. Shares were disposed of in connection with the underwritten secondary offering of shares, including as a result of the underwriter's exercise of an overallotment option, pursuant to the terms of an underwriting agreement dated November 10, 2025, entered into by the reporting person, Rollins Holding Company, Inc., Rollins, Inc. and Morgan Stanley & Co. LLC, as representative of the underwriters named therein. The reporting person disclaims for the purpose of Section 16 of the Securities and Exchange Act of 1934 the beneficial ownership of such securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission of such beneficial ownership.

Form 4 Insider Transactions: What Each Field Means →

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^*

LOR INC

(Last) (First) (Middle)

C/O RFA MANAGEMENT COMPANY, LLC

1908 CLIFF VALLEY WAY, NE

(Street)

ATLANTA GA 30329

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ROLLINS INC [ ROL ]

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)
11/10/2025

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
Rollins, Inc. Common Stock, $1 Par Value	11/10/2025		S		19,297,383(1)	D	$56.93	145,284,066(2)	D
Rollins, Inc. Common Stock, $1 Par Value								3,945,035(2)	I	Held indirectly through RCTLOR, LLC
Rollins, Inc. Common Stock, $1 Par Value								744,963(2)	I	Held indirectly through RFT Investment Company, LLC
Rollins, Inc. Common Stock, $1 Par Value								2,235,811(2)	I	Held indirectly through RFA Management Company, LLC

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. Shares were disposed of in connection with the underwritten secondary offering of shares, including as a result of the underwriter's exercise of an overallotment option, pursuant to the terms of an underwriting agreement dated November 10, 2025, entered into by the reporting person, Rollins Holding Company, Inc., Rollins, Inc. and Morgan Stanley & Co. LLC, as representative of the underwriters named therein.

2. The reporting person disclaims for the purpose of Section 16 of the Securities and Exchange Act of 1934 the beneficial ownership of such securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission of such beneficial ownership.

	/s/ LOR, Inc. By: W. Keith Wilkes, Jr., Assistant Vice President	11/12/2025
	** 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 did LOR, Inc. report in the Form 4 for Rollins (ROL)?

LOR, Inc. reported a sale of 19,297,383 Rollins common shares on 11/10/2025 at $56.93 per share, coded “S” for sale.

Was the Rollins share sale part of an offering?

Yes. The filing states the shares were disposed of in an underwritten secondary offering, including the underwriter’s overallotment option.

Which agreement governed the transaction?

An underwriting agreement dated November 10, 2025 among the reporting person, Rollins Holding Company, Inc., Rollins, Inc., and Morgan Stanley & Co. LLC as representative of the underwriters.

How many Rollins shares does the filer report owning after the sale?

Direct beneficial ownership of 145,284,066 shares, plus indirect holdings of 3,945,035, 744,963, and 2,235,811 shares through affiliated entities.

What does the transaction code 'S' mean on this Form 4?

Code “S” indicates an open market or private sale of non-derivative securities.

Did the filer claim full beneficial ownership of all indirect shares?

No. The filer disclaims beneficial ownership except to the extent of its pecuniary interest.