---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-075727"
form_type: "8-K"
ticker: "DSGR"
cik: "0000703604"
company_name: "Distribution Solutions Group, Inc."
filed_at: "2023-03-21T23:59:59+00:00"
generated_at: "2026-06-17T22:38:11.364351+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# DSGR issues 1.7M earnout shares to TestEquity and Gexpro Services equityholders

## Summary
- Issued 700,000 shares to TestEquity Equityholder and 1,000,000 shares to Gexpro Services Stockholder on March 20, 2023.
- Shares represent maximum additional earnout consideration under prior Merger Agreements; no further shares will be issued.
- Holdback Shares were unregistered, relying on Section 4(a)(2) exemption from the Securities Act.
- Issuance relates to TestEquity and Gexpro Services acquisitions completed in December 2021.

## SEC filing metadata
- accession: 0001193125-23-075727
- form_type: 8-K
- ticker: DSGR
- cik: 0000703604
- company_name: Distribution Solutions Group, Inc.
- filed_at: 2023-03-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/703604/000119312523075727/0001193125-23-075727-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/703604/000119312523075727/d424613d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-075727
- JSON: https://secwatch.observer/filing/0001193125-23-075727.json
- Plain text: https://secwatch.observer/filing/0001193125-23-075727.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.