ULSE Inc.

10% owner ULSE Inc. sold 1,875,000 shares of ULS at $78.00 for $146,250,000.00 on 2025-12-19

ULSE Inc., a 10% owner of UL Solutions Inc., sold 1,875,000 shares at $78.00 on 2025-12-19 for a total value of $146,250,000.00. This sale represents a derivative-conversion transaction where the insider's full position context is reflected in Table II derivative securities, not fully visible in the current database state; this should be understood as a partial sale of a specific batch rather than a complete exit. The current market price of $78.28 is -14.2% from the 52-week high of $91.21 and down 8.7% over the past 30 days, though up 16.0% over the past 90 days. Across ULSE Inc.'s prior four trades at ULS, timing outcomes have been mixed: the 2024-09-23 sell returned +8.2% at 30 days and +3.9% at 90 days; the 2024-09-09 sell returned +4.5% at 30 days and +8.9% at 90 days; and the 2024-04-16 sell returned +56.8% at 90 days—with none of these three measurable 90-day outcomes showing negative returns that would indicate the insider sold before a decline. The broader market context shows ULS trading at a P/E of 46.32 with recent revenue of $783,000,000.00 and net income of $100,000,000.00, reflecting solid operating performance despite the elevated valuation multiple.

10% Owner ULSE Inc. sold 12,500,000 shares of ULS at $78.00 (12/05/2025); $975.0M transaction reduces stake to zero via derivative conversion.

ULSE Inc., a 10% shareholder of UL Solutions Inc., sold 12,500,000 shares at $78.00 on 2025-12-05 for $975.0M, resulting in zero direct equity holdings post-transaction. This represents a significant liquidity event for a major stakeholder. However, the FLAG section indicates this is a derivative-conversion transaction: the insider's real position resides in Form 4 Table II (derivative securities), which is not yet populated in the database, meaning the sale of Table I shares does not represent a complete exit from economic exposure. The stock has declined 9.5% over the past 30 days and trades 15.0% below its 52-week high of $91.21, suggesting the transaction occurred in a softening price environment. Prior sales by this insider at ULS have not demonstrated strong timing: of 3 prior trades at this ticker, none were well-timed at the 90-day mark, with 90-day returns ranging from +3.9% to +56.8%, indicating the stock subsequently rose in most instances. This transaction warrants deep analysis given the magnitude, the derivative-position complexity, and the need to assess whether the derivative holdings represent a material retained stake.

10% Owner ULSE Inc. sold 3,000,000 shares of ULS at $49.00 on 2024-09-23 for $147,000,000.00

ULSE Inc., a 10% owner of UL Solutions Inc., sold 3,000,000 shares valued at $147,000,000.00 on 2024-09-23. The sale was executed at $49.00 per share, compared to the current price of $49.46, placing the transaction within the 52-week range of $33.58–$55.15. This represents a significant stake reduction for a major shareholder. Notably, ULSE's prior sale at this ticker on 2024-04-16 showed a 90-day return of +56.8%, indicating the stock rose substantially after that earlier sale. The current filing involves a derivative-conversion transaction (Table II), meaning this reflects a specific liquidation of converted securities rather than a full position exit; the insider's complete position, including remaining derivative holdings, is not yet reflected in the available database. Market context shows the stock has declined -10.1% over 30 days and -10.3% from its 52-week high, though it is up +20.5% over 90 days.

10% owner ULSE Inc. sells 20,000,000 shares of ULS for $980.0M on 2024-09-09; stock now -12.1% from 52-week high.

ULSE Inc., holding a 10% stake in UL Solutions Inc., executed a sale of 20,000,000 shares at $49.00 per share totaling $980,000,000.00 on 2024-09-09. This sale represents conversion of derivative securities and does not represent a complete position exit; the insider retains derivative holdings not yet reflected in available Form 4 data. The stock currently trades at $48.50, down 12.1% from its 52-week high of $55.15, suggesting the sale occurred near a price peak. Reviewing prior trades at this ticker, a similar sale on 2024-04-16 resulted in 90-day gains of +56.8%, meaning the insider's prior ULS sale was poorly timed relative to subsequent stock appreciation. This most recent transaction's placement relative to recent price momentum (stock down 3.1% over 30 days despite +16.8% gains over 90 days) warrants investor scrutiny of any public forward guidance or material announcements coinciding with the sale.