[Form 4] Zeo Energy Corporation Insider Trading Activity

Rhea-AI Filing Summary

Zeo Energy Corp. (ZEO) insider sale disclosed: Brandon Clarke Bridgewater, listed as the companys Chief Strategy Officer and a director, reported a sale of 26,636 shares of Class A common stock on 09/03/2025 at a weighted average price of $1.6111 per share. After the transaction he is reported to beneficially own 2,956,637 shares indirectly through Clarke Capital, LLC, though he disclaims direct beneficial ownership of those entity-held shares. The filing is signed 09/05/2025 and includes a statement that the reported price is a weighted average and that the reporting person can provide details of prices for individual lots on request.

Positive

• Timely compliance: Form 4 filed and signed within days of the transaction, indicating regulatory disclosure compliance
• Substantial retained stake: Reporting person still beneficially owns 2,956,637 shares indirectly, showing continued significant economic interest via Clarke Capital, LLC

Negative

• Insider sale reported: Disposition of 26,636 Class A shares on 09/03/2025 could be viewed negatively by some investors
• Limited detail on lot-level pricing: Only a weighted average price ($1.6111) is reported; lot-level prices are available only upon request

Insights

Securities Analyst

TL;DR: A corporate officer reported a routine sale of a small block of shares while retaining a large indirect stake.

The Form 4 discloses a sale of 26,636 Class A shares at a weighted average price of $1.6111 on 09/03/2025 by Brandon Clarke Bridgewater, the CSO and director. Post-transaction beneficial ownership of 2,956,637 shares is reported as indirect via Clarke Capital, LLC. The filing follows Section 16 reporting requirements and includes the required signature and explanatory footnotes. From an investor-materiality perspective, the sale size appears modest relative to the reported indirect stake, and the filing clarifies the weighted average pricing and entity ownership structure.

Corporate Governance Expert

TL;DR: Disclosure is complete and conforms to Form 4 standards; indirect ownership through an entity is properly noted.

The submission identifies the reporting persons role (CSO and director) and reports both the disposition and the resulting indirect holding via Clarke Capital, LLC, with an explicit disclaimer regarding beneficial ownership. The weighted-average price disclosure and the offer to provide lot-level pricing meet common transparency expectations. The document does not show additional derivative holdings or other transactions.

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^*

Bridgewater Brandon

(Last) (First) (Middle)

7625 LITTLE ROAD, STE 200A

(Street)

NEW PORT RICHEY FL 34654

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Zeo Energy Corp. [ ZEO ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CSO

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

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
Class A Common Stock	09/03/2025		S		26,636	D	$1.6111(1)	2,956,637	I	See Footnote(2)

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 of $1.6111. The Reporting Person undertakes to provide to the registrant, any security holder of the registrant, 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 range.

2. Comprises shares of Class A Common Stock of the Issuer held of record by Clarke Capital, LLC, for which the reporting person may be deemed to be the beneficial owner of shares held by such entity. The reporting person disclaims beneficial ownership over any such shares expected to be held by such entity.

	/s/ Brandon Clarke Bridgewater	09/05/2025
	** 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 Brandon Clarke Bridgewater report on Form 4 for ZEO?

He reported selling 26,636 Class A shares on 09/03/2025 at a weighted average price of $1.6111 and beneficially owning 2,956,637 shares indirectly thereafter.

When was the ZEO Form 4 transaction dated and signed?

The transaction date is 09/03/2025 and the Form 4 is signed by the reporting person on 09/05/2025.

How much did the reporting person own after the reported sale?

2,956,637 shares of Class A common stock are reported as beneficially owned indirectly through Clarke Capital, LLC.

What price was reported for the shares sold in the ZEO Form 4?

The filing reports a weighted average price of $1.6111 and states that lot-level pricing can be provided upon request.

Does the Form 4 disclose any derivative securities for ZEO?

No derivatives are reported in Table II; only a non-derivative sale of Class A common stock is shown.