SEC Filing Analysis: Ingram Micro Holding Corp (INGM)

Executive Summary

• Trading Significance: Low
• Key Takeaway: The Executive VP & CFO, Michael Zilis, conducted a non-discretionary sale of shares valued at $387,541 to cover tax liabilities associated with the vesting of Restricted Stock Units (RSUs).
• Market Impact: Neutral. This type of transaction is routine for executives and does not signal a change in insider sentiment.

Company Information

Field	Value
Company	Ingram Micro Holding Corp
Ticker Symbol	INGM
CIK	0001897762
Industry	WHOLESALE-COMPUTER & PERIPHERAL EQUIPMENT & SOFTWARE

Insider Information

Field	Value
Name	Zilis Michael
CIK	0001579561
Title/Position	Executive VP & CFO
Relationship	Officer

Transaction Details

Field	Value
Form Type	4
Transaction Date	2025-10-23
Transaction Code	F (Withholding of securities for tax)
Security Type	Common Stock
Shares Involved	17,975
Price Per Share	$21.56
Total Value	$387,541
Shares Owned After	270,082 (241,832 Direct, 28,250 Indirect)
Ownership Type	Direct

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$387,541
% of Market Cap	0.0074%
Shares Transacted	17,975
% of Shares Outstanding	0.0077%
Post-Transaction Ownership	270,082 shares (0.115% of outstanding)
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: For a company with a market capitalization of $5.21 billion, this $388k transaction is financially immaterial.
• Ownership Concentration: The insider's total post-transaction ownership of 270,082 shares represents approximately 0.115% of the total shares outstanding, indicating a modest but still aligned stake.
• Dilution Impact: Not applicable, as this was a disposition of shares, not an issuance.
• Transaction Significance: The sale is classified as having low significance. Both its value relative to market cap (0.0074%) and the shares involved relative to shares outstanding (0.0077%) are well below the thresholds for moderate or high significance. The non-discretionary nature further reduces its importance as a market signal.

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral
• Reasoning: The filing explicitly states the sale was to satisfy tax withholding obligations (Transaction Code 'F'). These are pre-planned, automatic transactions that do not reflect an insider's current market sentiment or outlook on the company's future performance.

Volume & Sentiment

• Expected Volume Impact: Negligible. The transaction size is too small to impact trading volume.
• Sentiment Indicator: Neutral. The market typically disregards tax-related sales from insiders.

Investment Insights

Positive Market Indicators

• The insider maintains a substantial holding of over 270,000 shares post-transaction, indicating continued alignment with shareholder interests.

Risk Factors

• No new risk factors are indicated by this filing.

Key Takeaways

1. Non-Discretionary Sale: This was an automatic sale to cover taxes on vested RSUs, not a proactive investment decision.
2. Immaterial Transaction Size: The sale represents a negligible fraction (0.0074%) of the company's $5.21 billion market cap.
3. No Bearish Signal: Investors should not interpret this filing as a negative signal from the CFO regarding the company's prospects.

Additional Context

Transaction Notes

• Special Circumstances: The footnote confirms the shares were withheld to satisfy tax obligations related to RSU vesting and was not a discretionary trade. This is a common and routine practice for corporate executives receiving equity compensation.