Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 15

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 15
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 Owners will continue to hold a portion of their pre-IPOownership interest in Legence Holdings through Legence Parent; (g) Legence will contribute the net proceeds of this offering to Legence Holdings in exchange for newly issued LGN Units; and (h) the Legence Holdings LLC Agreement will be amended and restated to, among other things, make Legence the managing member of Legence Holdings (such transactions, the “Corporate Reorganization”). After giving effect to these transactions and the offering contemplated by this prospectus, (a) Legence will own an approximate % economic interest in Legence Holdings (or % if the underwriters’ option to purchase additional shares is exercised in full and after giving effect to the application of the net proceeds therefrom), (b) Legence Investment Aggregator I will own an approximate % economic interest in Legence Holdings (or % if the underwriters’ option to purchase additional shares is exercised in full and after giving effect to the application of the net proceeds therefrom) and (c) Legence Investment Aggregator II will own an approximate % economic interest in Legence (or % if the

6

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

underwriters’ option to purchase additional shares is exercised in full and after giving effect to the application of the net proceeds therefrom).

Each share of Class A Common Stock and Class B Common Stock will entitle its holder to one vote on all matters to be voted on by
stockholders. Holders of Class A Common Stock and Class B Common Stock will vote together as a single class on all matters presented to our stockholders for their vote or approval, except as otherwise required by applicable law or by our
amended and restated certificate of incorporation. We do not intend to list the Class B Common Stock on any stock exchange.

We will
enter into a Tax Receivable Agreement with the TRA Members. This agreement generally provides for the payment by Legence to the TRA Members of 85% of the net cash savings, if any, in U.S. federal, state and local income tax that Legence
(a) actually realizes with respect to taxable periods ending after this offering or (b) is deemed to realize in the event the Tax Receivable Agreement terminates early at our election, as a result of our breach or upon a change of control
(as defined under the Tax Receivable Agreement, which includes certain mergers, asset sales and other forms