[Form 4] WillScot Holdings Corporation Insider Trading Activity

Rhea-AI Filing Summary

WillScot Holdings Corp (WSC) director and executive Hezron T. Lopez reported the sale of 22,000 shares of WillScot common stock on 08/19/2025 at a weighted average price of $24.63 per share. After the sale, Mr. Lopez beneficially owned 54,038 shares, held directly. The filing identifies his roles as EVP, CLO, CCO & ESG and was signed on 08/20/2025.

The disclosed weighted average price reflects multiple trades priced between $24.50 and $24.84; the reporting person offered to provide detailed per-trade pricing on request. No derivative or option transactions are reported on this Form 4.

Positive

• Complete disclosure of transaction details including weighted average price and post-sale beneficial ownership
• Reporting person clearly identified with officer titles (EVP, CLO, CCO & ESG), enhancing transparency

Negative

• Insider sale of 22,000 shares, which could be perceived negatively by some investors despite lack of additional context

Insights

Securities Analyst

TL;DR Insider sale of 22,000 WSC shares at ~$24.63 reduces direct holdings to 54,038; transaction appears routine absent other context.

The Form 4 reports a straightforward open-market disposal by a senior executive and director. The filing specifies a weighted average sale price of $24.63 based on multiple trades between $24.50 and $24.84. Because the disclosure shows a sale rather than exercise or derivative activity and no unexplained transfers or pledges, this is typically classified as a liquidity event by the insider rather than a corporate action. Impact on valuation or control is likely limited given the disclosed post-sale holding size, though materiality depends on total outstanding shares not provided in this filing.

Corporate Governance Expert

TL;DR The filing documents a permitted sale by an executive; disclosure appears complete with price range footnote and offer to provide detailed trade data.

The Form 4 includes the required details: reporting person identity, relationship to issuer, transaction date, number of shares sold, weighted average price, and resulting beneficial ownership. The explanatory footnote clarifies the weighted average and offers full per-trade information on request, which supports compliance transparency. There is no indication in this filing of Rule 10b5-1 plan usage or any amendment; the box indicating a 10b5-1 plan was not checked. From a governance perspective, the form meets standard disclosure expectations for Section 16 reporting.

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^*

Lopez Hezron T.

(Last) (First) (Middle)

4646 E. VAN BUREN STREET

SUITE 400

(Street)

PHOENIX AZ 85008

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WillScot Holdings Corp [ WSC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CLO, CCO & ESG

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

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	08/19/2025		S		22,000	D	$24.63(1)	54,038	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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.50 to $24.84, inclusive. The Reporting Person undertakes to provide to WillScot Holdings Corporation, any security holder of WillScot Holdings Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

	/s/ Hezron Lopez	08/20/2025
	** 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 WSC insider Hezron T. Lopez sell and when?

Hezron T. Lopez sold 22,000 shares of WillScot common stock on 08/19/2025 as reported on Form 4 filed 08/20/2025.

At what price were the WSC shares sold?

The weighted average price was $24.63 per share, with individual trades ranging from $24.50 to $24.84, according to the filing footnote.

How many WSC shares does Lopez own after the sale?

54,038 shares beneficially owned following the reported sale, held directly.

Does the Form 4 indicate the sale was under a 10b5-1 trading plan?

No. The form does not check the box indicating the transaction was made pursuant to a Rule 10b5-1(c) plan.

Were any derivatives or options reported in this filing for WSC?

No derivative or option transactions are reported on this Form 4; only non-derivative common stock was disclosed.