UL Solutions (NYSE: ULS) director updates RSU holdings with dividend equivalents

Rhea-AI Filing Summary

UL Solutions Inc. director reported a routine equity award update. On 12/08/2025, the reporting person acquired 4 dividend equivalent rights in the form of restricted stock units (RSUs) linked to the company’s Class A common stock at a price of $0 per unit. These rights arise from dividends paid on RSUs already held and each represents a contingent right to receive one share of Class A common stock.

Following this transaction, the director beneficially owns 2,801 RSUs, held directly. The dividend equivalent rights tied to these RSUs are scheduled to vest proportionately with the underlying RSUs, which will vest on the earlier of May 20, 2026 or the date of the annual meeting following the grant date.

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

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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^*

Kini Vikram

(Last) (First) (Middle)

C/O UL SOLUTIONS INC.

333 PFINGSTEN ROAD

(Street)

NORTHBROOK IL 60062

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UL Solutions Inc. [ ULS ]

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)
12/08/2025

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

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
Restricted Stock Units	(1)	12/08/2025		A		4(2)		(3)	(3)	Class A Common Stock	4	$0	2,801(4)	D

Explanation of Responses:

1. Each dividend equivalent right represents a contingent right to receive one share of the Issuer's Class A Common Stock.

2. Represents accrual of dividend equivalent rights on restricted stock units held by the Reporting Person.

3. The dividend equivalent rights accrued on restricted stock units held by the Reporting Person and vest proportionately with the restricted stock units to which they relate. The restricted stock units will vest on the earlier of May 20, 2026 or the date of the annual meeting following the grant date.

4. Includes restricted stock units and all dividend equivalent rights that have accrued on such restricted stock units to date.

	/s/ Ryan Robinson, Attorney-in-Fact	12/10/2025
	** 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.
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FAQ

What insider transaction did UL Solutions Inc. (ULS) disclose in this Form 4?

The filing reports that a director of UL Solutions Inc. acquired 4 dividend equivalent rights in the form of restricted stock units (RSUs) on 12/08/2025 at a price of $0 per unit.

How many UL Solutions Inc. RSUs does the reporting person now beneficially own?

After the reported transaction, the director beneficially owns 2,801 restricted stock units of UL Solutions Inc. Class A common stock, held directly.

What are dividend equivalent rights in this UL Solutions (ULS) Form 4?

Each dividend equivalent right represents a contingent right to receive one share of UL Solutions Inc. Class A common stock, accruing on RSUs when dividends are paid.

Why were additional UL Solutions RSUs credited to the director on 12/08/2025?

The 4 RSUs reported represent an accrual of dividend equivalent rights on restricted stock units already held by the reporting person.

When do the UL Solutions Inc. RSUs and related dividend equivalents vest?

The dividend equivalent rights vest proportionately with the underlying RSUs, which will vest on the earlier of May 20, 2026 or the date of the annual meeting following the grant date.

Is the UL Solutions Inc. director’s ownership reported as direct or indirect?

The 2,801 restricted stock units and associated dividend equivalent rights are reported as held in direct ownership by the director.