Zurn Elkay (ZWS) director reports 9,857-share sale via 10b5-1 plan

Rhea-AI Filing Summary

Timothy J. Jahnke, a director of Zurn Elkay Water Solutions Corp (ZWS), reported the sale of 9,857 shares of common stock on 08/12/2025 under a Rule 10b5-1 trading plan at a weighted average price of $45.06 per share. Following the reported disposition, Mr. Jahnke beneficially owned 328,964 shares directly. He also holds 180,000 shares indirectly through an irrevocable trust.

The Form 4 was signed under power of attorney on 08/14/2025. The filing notes the sale was executed pursuant to a 10b5-1 plan and that the weighted average price reflects multiple trades between $45.00 and $45.10; the reporting person offers to provide trade-level details upon request.

Positive

• Transaction executed under a Rule 10b5-1 plan, indicating pre-scheduled disposition rather than opportunistic insider trading
• Reporting shows substantial ongoing ownership: 328,964 shares directly and 180,000 shares indirectly via an irrevocable trust
• Weighted average sale price disclosed with an offer to provide trade-level details upon request, supporting transparency

Negative

• Insider disposition of shares: 9,857 shares were sold, reducing direct holdings by that amount

Insights

Financial Analyst

TL;DR: Director executed routine Rule 10b5-1 sale; retains substantial direct and indirect holdings.

The sale of 9,857 shares at a weighted average of $45.06 was executed under a pre-established 10b5-1 plan, which typically indicates a pre-scheduled, non-discretionary disposition rather than opportunistic trading. Post-transaction direct ownership of 328,964 shares plus 180,000 indirect shares via an irrevocable trust means the reporting person maintains significant economic exposure to the issuer. The disclosed price range and offer to provide trade-level details aligns with transparent reporting standards. From a financial perspective this form does not disclose changes to company operations, revenue, or forecasts and appears to be a personal liquidity event within an established plan.

Corporate Governance Expert

TL;DR: Governance signal is neutral; sale under 10b5-1 reduces governance concern about insider timing.

Because the transaction was made pursuant to a Rule 10b5-1 plan and was reported promptly on Form 4, it mitigates concerns about insider trading timing or selective disclosure. The reporting of both direct and indirect holdings clarifies the director's overall position in the company. The filing was executed under power of attorney and includes an explicit statement about the weighted average price range for the trades, supporting disclosure completeness. No governance red flags such as unexplained large disposals or concurrent management changes are present in this filing.

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).

X

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^*

JAHNKE TIMOTHY J

(Last) (First) (Middle)

511 W. FRESHWATER WAY

(Street)

MILWAUKEE WI 53204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Zurn Elkay Water Solutions Corp [ ZWS ]

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)
08/12/2025

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	08/12/2025		S(1)		9,857	D	$45.06(2)	328,964	D
Common Stock								180,000	I	By irrevocable trust

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 transactions were executed pursuant to a Rule 10b5-1 plan.

2. This transaction was executed in multiple trades at prices ranging from $45.00 to $45.10. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.

Remarks:

	/s/ Jeffrey J. LaValle, under Power of Attorney for Timothy J. Jahnke	08/14/2025
	** 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 ZWS director Timothy J. Jahnke report on Form 4?

He reported the sale of 9,857 shares on 08/12/2025 under a Rule 10b5-1 plan at a weighted average price of $45.06 per share.

How many ZWS shares does Timothy J. Jahnke own after the sale?

He beneficially owns 328,964 shares directly after the reported transaction, plus 180,000 shares indirectly through an irrevocable trust.

Was the sale pre-arranged or discretionary?

The sale was executed pursuant to a Rule 10b5-1 plan, as indicated by the checked box on the Form 4.

What price range were the shares sold at?

Trades were executed between $45.00 and $45.10; the Form reports a weighted average sale price of $45.06.

When was the Form 4 signed and by whom?

The Form 4 was signed on 08/14/2025 by Jeffrey J. LaValle under power of attorney for Timothy J. Jahnke.