Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 291

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 291
---
 granted under the 2025 Omnibus Incentive Plan were as follows:

| Stock price              |     | $ | 28.00 |   |
| Expected term (in years) |     |   |   6.0 |   |
| Expected volatility      |     |   |  60.0 | % |
| Risk-free interest rate  |     |   |   3.7 | % |
| Dividend yield           |     |   |     — | % |

Note 12 - Noncontrolling Interests As noted above, Legence Corp. is the sole managing member of Legence Holdings, and the Company consolidates the financial results of Legence Holdings. Therefore, the Company reports a noncontrolling interest on the portion of net assets and income not attributable to Legence. The following table summarizes the ownership of Legence Holdings as of September 30, 2025. There were no changes in ownership between September 12, 2025 and September 30, 2025.

|                                           |     | LGN Units |             |     | Ownership Percentage |        |   |
| Legence Corp.’s ownership of LGN A Units  |     |           |  58,510,567 |     |                      |  55.62 | % |
| Legence Parent’s ownership of LGN B Units |     |           |  46,680,762 |     |                      |  44.38 | % |
| Balance at end of period                  |     |           | 105,191,329 |     |                      | 100.00 | % |

In addition to the LGN B Units noted above, which represents an economic interest in Legence Holdings, Legence Parent owns 46,680,762 shares of Class B Common Stock, which together, may be exchanged at the option of Legence Parent on a one-for-onebasis for shares of Class A Common Stock or the cash equivalent thereof (based on the 10-dayvolume weighted average price of the shares of Class A Common Stock at the time of exchange) as determined by the Company. If the Company elects the exchange to be settled in cash, the cash used to settle the redemption must be funded through a private sale or public offering of Class A Common Stock. Net income (loss) attributable to Legence Holdings is attributed to the Company and the noncontrolling interest based on their relative ownership percentages. Changes in ownership that do not result in a loss of control are accounted