Legence Parent ML LLC

10% Owner Legence Parent ML LLC sells 15.39M shares ($831.3M) at $54.00; holds 19.30M post-sale.

Legence Parent ML LLC executed 2 separate sales totaling 15,394,112 shares for $831,282,048.00 at $54.00 on 2026-04-09, reducing its holdings by 44.4% from 34.69M to 19.30M shares. The transaction is significant in scale but the timing warrants scrutiny: the stock has appreciated 16.3% over 30 days and 34.3% over 90 days since the sale, and currently trades at $59.75—well above the $54.00 execution price. At the same ticker, prior sales on 2026-01-08 and 2025-12-16 were also followed by gains (90d returns of +28.3% and +15.7% respectively), indicating a pattern where this insider's sales have not preceded declines. The company reported revenue of $708.0M but remains unprofitable with net income of $-576.0K in the latest quarter, creating a technical context of vulnerability despite strong 21.5% annual revenue growth. The FLAG indicates this conversion of derivative securities should not be framed as a full position exit, but the magnitude of the reduction and continued underperformance in timing suggest investor attention is warranted.

Legence Parent ML LLC sells 1,260,326 shares for $56,714,670 at $45.00; retains 25,162,794 shares

Legence Parent ML LLC, a 10% owner, executed 2 separate sales totaling 1,260,326 shares for $56,714,670.00 on 2026-01-08, at a blended average price of $45.00 per share. The 10% owner retains 25,162,794 shares post-transaction, representing a -4.8% reduction in holdings. The current stock price of $43.53 is now -10.2% from the 52-week high of $48.48, and the transactions occurred within the 52-week range at $45.00. The company reported revenue of $708,006,000.00 in the latest quarter but posted a net loss of $-576,000.00. This filing involves a derivative-conversion transaction; the insider's full position includes unreported derivative securities in Form 4 Table II, so the remaining holdings do not represent the complete stake.

Legence Parent ML LLC sells 8,402,178 shares for $378,098,010 at $45.00; holds 25,642,999 shares post-sale

Legence Parent ML LLC, a 10% owner, executed two separate sales totaling 8,402,178 (8.40M shares) for $378,098,010.00 at $45.00 per share on 2025-12-16. This represents a -24.7% reduction of the filer's pre-transaction stake from 34,045,177 to 25,642,999 shares. The transaction occurred at a price that is -13.5% below the 52-week high of $48.48, though the stock has appreciated +4.1% over the past 30 days and +38.2% over the past 90 days. The company reported quarterly revenue of $708,006,000.00 but a net loss of $-576,000.00, indicating operational profitability challenges. This is a conversion of derivative securities; the insider's full position remains partly held in non-Table I derivative securities, so the reported 25,642,999 shares does not represent the complete stake.