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LGN - Legence Corp.

Insider Sale by Legence Parent Ml LLC (10%)

1 Month
After Trade
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Trade Summary

6 days ago, Legence Parent Ml LLC, serving as 10% owner at Legence Corp. (LGN), sold 15,394,112 shares at $54.00 per share, for a total transaction value of $831,282,048.00. Following this transaction, Legence Parent Ml LLC now holds 50,647,086 shares of LGN.

This sale represents a 23.00% decrease in Legence Parent Ml LLC's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Thursday, April 9, 2026 and publicly disclosed via SEC Form 4 filing on Thursday, April 9, 2026, meaning the disclosure happened on the same day as the trade.

Legence Corp. operates in the INDUSTRIALS sector, specifically within the ENGINEERING & CONSTRUCTION industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.

Legence Parent Ml LLC

10%

Legence Parent ML LLC is a limited liability company affiliated with Legence Corp. (LGN), serving as a corporate insider and selling stockholder that holds 178,571 shares of Class A Common Stock.[[4]](https://www.sec.gov/Archives/edgar/data/2052568/000119312525317965/d77404d424b4.htm)[[5]](https://www.secform4.com/insider-holders/2052568.html) It is wholly owned by Legence Parent LLC, which itself is linked to Blackstone Inc. through a chain of entities including Legence Parent II LLC, BX Refficiency Aggregator LP, and others, positioning it as a significant 10% owner in recent filings.[[2]](https://www.wearelegence.com/about)[[4]](https://www.sec.gov/Archives/edgar/data/2052568/000119312525317965/d77404d424b4.htm)[[5]](https://www.secform4.com/insider-holders/2052568.html) As part of the broader Legence ecosystem—a Blackstone portfolio company formerly known as Therma Holdings—Legence Parent ML LLC represents investment holdings tied to Legence's operations in engineering, design, installation, and maintenance of MEP systems for high-performance buildings.[[2]](https://www.wearelegence.com/about)[[3]](https://www.blackstone.com/insights/article/from-therma-holdings-to-legence/)[[8]](https://www.wearelegence.com) Legence, headquartered in San Jose, California, operates over 70 offices nationwide with more than 6,200 technicians, serving major clients like 60% of Nasdaq-100 companies, under CEO Jeffrey Sprau.[[1]](https://www.bizjournals.com/sanjose/news/2023/12/15/legence-ceo-jeffrey-sprau-on-transforming-therma.html)[[2]](https://www.wearelegence.com/about)[[3]](https://www.blackstone.com/insights/article/from-therma-holdings-to-legence/)

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Trade Price

$54.00

Quantity

15,394,112

Total Value

$831,282,048.00

Shares Owned

50,647,086

Trade Date

Thursday, April 9, 2026

6 days ago

SEC Filing Date

Thursday, April 9, 2026

INDUSTRIALSENGINEERING & CONSTRUCTION

About Legence Corp.

Company Overview

No company information available
View news mentioning LGN

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