Southwest Gas Holdings, Inc.
US ˙ NYSE ˙ US8448951025

SecuritySWX / Southwest Gas Holdings, Inc.
InsiderCarl C Icahn
This page shows the track record and history of ICAHN CARL C insider trades in Southwest Gas Holdings, Inc.. The SEC defines Insiders as officers, directors, or significant investors (greater than 10% ownership) in a company. It is illegal for insiders to make trades in their companies based on material, non-public information ("MNPI"). This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4.
Insider Purchases - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made by Carl C Icahn in SWX / Southwest Gas Holdings, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2023-09-27 1,400 62.0000 1,400 62.0000 86,800 237 78.3500 22,890 26.37
2023-09-26 4,536 61.9800 4,536 61.9800 281,141
2023-09-25 600 62.0000 600 62.0000 37,200
2023-09-22 16,190 61.9400 16,190 61.9400 1,002,809
2023-09-21 27,466 62.0000 27,466 62.0000 1,702,892
2023-09-12 44,222 61.7900 44,222 61.7900 2,732,477
2023-09-11 61,702 61.4800 61,702 61.4800 3,793,439
2023-09-08 21,807 60.6700 21,807 60.6700 1,323,031
2023-06-02 487 57.9900 487 57.9900 28,241
2023-06-01 9,165 57.9900 9,165 57.9900 531,478
2023-05-26 27,803 57.8700 27,803 57.8700 1,608,960
2023-05-25 197,009 57.3500 197,009 57.3500 11,298,466
2023-05-24 15,681 57.9800 15,681 57.9800 909,184
2023-05-23 3,253 57.9900 3,253 57.9900 188,641
2023-05-22 70,683 57.9100 70,683 57.9100 4,093,253
2023-03-28 55,154 61.0000 55,154 61.0000 3,364,394
2023-03-24 252,376 60.1500 252,376 60.1500 15,180,416
2023-03-23 407,466 60.1100 407,466 60.1100 24,492,781
2023-03-22 97,828 60.6800 97,828 60.6800 5,936,203
2023-03-21 19,770 60.6300 19,770 60.6300 1,198,655
2023-03-17 156,302 60.1100 156,302 60.1100 9,395,313
2023-03-16 21,907 59.9600 21,907 59.9600 1,313,544
2023-03-15 26,310 60.0900 26,310 60.0900 1,580,968
2023-03-14 237 60.1200 237 60.1200 14,248
2023-03-13 238,785 59.8900 238,785 59.8900 14,300,834
2023-03-10 2,332,835 60.1200 2,332,835 60.1200 140,250,040
2023-03-10 300,000 59.0000 300,000 59.0000 17,700,000

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

SWX / Southwest Gas Holdings, Inc. Insider Trades
Insider Sales - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made by Carl C Icahn in SWX / Southwest Gas Holdings, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2025-03-24 2,100,000 74.6000 2,100,000 74.6000 156,660,000 14 66.9100 -16,149,000 -10.31
2024-11-19 1,390,000 76.7400 1,390,000 76.7400 106,668,600

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

SWX / Southwest Gas Holdings, Inc. Insider Trades
Insider Transaction History
File
Date		 Trade
Date		 Form Insider Ticker Security Title Code 10b5-1 Direct Exercise
Price		 Unit
Price		 Units
Changed		 Value
Changed (1K)		 Remaining
Options		 Remaining
Shares
2025-03-25 2025-03-24 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value per share ("Shares") S - Sale I 74.6000 -2,100,000 -156,660 7,532,604
2024-11-20 2024-11-19 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value per share ("Shares") S - Sale I 76.7400 -1,390,000 -106,669 9,632,604
2023-09-28 2023-09-27 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value P - Purchase I 62.0000 1,400 87 11,022,604
2023-09-28 2023-09-26 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value P - Purchase I 61.9800 4,536 281 11,021,204
2023-09-25 2023-09-25 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value P - Purchase I 62.0000 600 37 11,016,668
2023-09-25 2023-09-22 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value P - Purchase I 61.9400 16,190 1,003 11,016,068
2023-09-25 2023-09-21 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value P - Purchase I 62.0000 27,466 1,703 10,999,878
2023-09-12 2023-09-12 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value P - Purchase I 61.7900 44,222 2,732 10,972,412
2023-09-12 2023-09-11 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value P - Purchase I 61.4800 61,702 3,793 10,928,190
2023-09-12 2023-09-08 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value P - Purchase I 60.6700 21,807 1,323 10,866,488
2023-08-29 3/A ICAHN CARL C Please see footnote SWX Common Stock, $1 Par Value I 9,244,465
2023-06-23 2023-06-02 4 ICAHN CARL C Please see footnotes SWX Shares P - Purchase I 57.9900 487 28 10,844,681
2023-06-23 2023-06-01 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value per share ("Shares") P - Purchase I 57.9900 9,165 531 10,844,194
2023-05-26 2023-05-26 4 ICAHN CARL C Please see footnotes SWX Shares P - Purchase I 57.8700 27,803 1,609 10,835,029
2023-05-26 2023-05-25 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value per share ("Shares") P - Purchase I 57.3500 197,009 11,298 10,807,226
2023-05-24 2023-05-24 4 ICAHN CARL C Please see footnotes SWX Shares P - Purchase I 57.9800 15,681 909 10,610,217
2023-05-24 2023-05-23 4 ICAHN CARL C Please see footnotes SWX Shares P - Purchase I 57.9900 3,253 189 10,594,536
2023-05-24 2023-05-22 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value per share ("Shares") P - Purchase I 57.9100 70,683 4,093 10,591,283
2023-03-28 2023-03-28 4 ICAHN CARL C Please see footnotes SWX Shares P - Purchase I 61.0000 55,154 3,364 10,520,600
2023-03-28 2023-03-24 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value per share ("Shares") P - Purchase I 60.1500 252,376 15,180 10,465,446
2023-03-23 2023-03-23 4 ICAHN CARL C Please see footnotes SWX Shares P - Purchase I 60.1100 407,466 24,493 10,213,070
2023-03-23 2023-03-22 4 ICAHN CARL C Please see footnotes SWX Shares P - Purchase I 60.6800 97,828 5,936 9,805,604
2023-03-23 2023-03-21 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value per share ("Shares") P - Purchase I 60.6300 19,770 1,199 9,707,776
2023-03-17 2023-03-17 4 ICAHN CARL C Please see footnotes SWX Shares P - Purchase I 60.1100 156,302 9,395 9,688,006
2023-03-17 2023-03-16 4 ICAHN CARL C Please see footnotes SWX Shares P - Purchase I 59.9600 21,907 1,314 9,531,704
2023-03-17 2023-03-15 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value per share ("Shares") P - Purchase I 60.0900 26,310 1,581 9,509,797
2023-03-14 2023-03-14 4 ICAHN CARL C Please see footnotes SWX Shares P - Purchase I 60.1200 237 14 9,483,487
2023-03-14 2023-03-13 4 ICAHN CARL C Please see footnotes SWX Shares P - Purchase I 59.8900 238,785 14,301 9,483,250
2023-03-14 2023-03-10 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value per share ("Shares") P - Purchase I 59.0000 300,000 17,700 9,244,465
2023-03-13 3 ICAHN PARTNERS MASTER FUND LP Please see footnotes SWX Common Stock, $1.00 par value per share I 9,244,465
2023-03-10 2023-03-10 4 ICAHN CARL C Please see footnotes SWX Common Stock, $1.00 par value per share P - Purchase I 60.1200 2,332,835 140,250 8,944,465
P
Köp på öppna marknaden eller privat köp av icke-derivatsäkerhet
S
Köp på öppna marknaden eller privat försäljning av icke-derivatsäkerhet
A
Bevilja, tilldelning eller annat förvärv av värdepapper från företaget (såsom en option)
C
Omvandling av derivat
D
Försäljning eller överföring av värdepapper tillbaka til företaget
F
Betalning av lösenpris eller skatteskuld med del av värdepapper som erhållits från bolaget
G
Överlåtelse av värdepapper från eller till insidern
K
Aktieswappar och liknande säkringsaffärer
M
Utövande eller omvandling av derivatsäkerhet som erhållits från företaget (som en option)
V
En transaktion friviligt rapporterad på schema 4
J
Andra (med en fotnot som beskriver transaktionen)