PITON CAPITAL PARTNERS LLC - 16 Jan 2026 Form 4 Insider Report for GULF ISLAND FABRICATION INC (GIFI)

Role: 10%+ Owner
Signature: /s/ Garrett Lynam, General Counsel of Kokino LLC, managing member of Piton Capital Management LLC, managing member of Piton Capital Partners LLC
Issuer symbol: GIFI
Transactions as of: 16 Jan 2026
Net transactions value: $0
Form type: 4
Filing time: 16 Jan 2026, 16:33:30 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
PITON CAPITAL PARTNERS LLC	10%+ Owner	C/O KOKINO LLC, 201 TRESSER BOULEVARD, 3RD FLOOR, STAMFORD	/s/ Garrett Lynam, General Counsel of Kokino LLC, managing member of Piton Capital Management LLC, managing member of Piton Capital Partners LLC	16 Jan 2026	0001644342

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GIFI	Common Stock	Disposed to Issuer		-1,811,894	-100%		0	16 Jan 2026	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

PITON CAPITAL PARTNERS LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On January 16, 2026, pursuant to that certain Agreement and Plan of Merger dated as of November 7, 2025 (the "Merger Agreement") by and among IES Holdings, Inc. ("IES"), IES Merger Sub, LLC, an indirect wholly owned subsidiary of IES ("Merger Sub") and the Issuer, Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as an indirect wholly owned subsidiary of IES. At the effective time of the Merger, shares of the Issuer's common stock, including shares of common stock underlying outstanding time-based restricted stock units, converted into the right to receive $12.00 per share in cash.

Content

On January 16, 2026, pursuant to that certain Agreement and Plan of Merger dated as of November 7, 2025 (the "Merger Agreement") by and among IES Holdings, Inc. ("IES"), IES Merger Sub, LLC, an indirect wholly owned subsidiary of IES ("Merger Sub") and the Issuer, Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as an indirect wholly owned subsidiary of IES. At the effective time of the Merger, shares of the Issuer's common stock, including shares of common stock underlying outstanding time-based restricted stock units, converted into the right to receive $12.00 per share in cash.