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sellNotable cluster of 2

Legence Parent ML LLC sold $831M of LGN

owner at Legence Corp.. 15,394,112 shares at an average of $54.00, traded Apr 9, 2026, filed Apr 9, 2026.

Warning score
65
Value
$831M
15,394,112 shares
Holdings after
19,297,381
-159% from before
From 52-week low
+101%
low $29.72, close $59.75
From 52-week high
0%
high $59.75, as of Apr 9, 2026

Score components

  • Role
    10% owner
    +12
  • Trade size
    $831.3M at market
    +25
  • Share of holdings sold
    Sold 100% of holdings
    +20
  • Cluster
    2 insiders selling within 14 days
    +8

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +67.2%, 3m +23.8%, 6m -13.7%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

LGNOct 9, 2026 · close 51.53
Since filing Apr 9, 2026: -13.8%SPY +15.1% · excess -28.8%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001193125-26-149834, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Apr 9, 2026CConversion
Class A Common Stockindirect: Parent ML
+9,528,699--9,707,270Apr 9, 2026
Apr 9, 2026CConversion
Class B Common Stockindirect: Parent ML
-9,528,699--31,171,134Apr 9, 2026
Apr 9, 2026SOpen-market sale
Class A Common Stockindirect: Parent ML
-9,528,699$54.00$515M178,571Apr 9, 2026
Apr 9, 2026SOpen-market sale
Class A Common Stockindirect: Parent II ML
-5,865,413$54.00$317M19,297,381Apr 9, 2026
Apr 9, 2026CConversion
Class B Units of Legence Holdings LLCderivativeindirect: See Footnotes
-9,528,699--31,171,134Apr 9, 2026

Related signals

Other insiders at Legence Corp. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
7Weak
LGNsell10b5-1
Legence Corp.
Philippe Le Bris
Chief Accounting Officer
$58k
1,058 shares
-18%
3Weak
LGNsell10b5-1
Legence Corp.
Philippe Le Bris
Chief Accounting Officer
$227k
4,196 shares
-41%
65Notable
LGNsell 2
Legence Corp.
Blackstone EMA III L.L.C.
owner
$831M
15,394,112 shares
-159%
65Notable
LGNsell 2
Legence Corp.
Legence Parent ML LLC
owner
$57M
1,260,326 shares
-131%
65Notable
LGNsell 2
Legence Corp.
Blackstone EMA III L.L.C.
owner
$57M
1,260,326 shares
-131%
65Notable
LGNsell 2
Legence Corp.
Legence Parent ML LLC
owner
$378M
8,402,178 shares
-156%
65Notable
LGNsell 2
Legence Corp.
Blackstone EMA III L.L.C.
owner
$378M
8,402,178 shares
-156%
46Moderate
LGNbuy
Legence Corp.
Terrence Keenen
director
$250k
8,928 shares
-

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Legence Parent ML LLC sold $831M of LGN | InsiderTell