Initial Statement of Beneficial Ownership (Form 3)

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * Allen Matthew Michael 2. Date of Event Requiring Statement (Month/Day/Year) 06/27/2025 3. Issuer Name and Ticker or Trading Symbol IES Holdings, Inc. [IESC] (Last) (First) (Middle) 13131 DAIRY ASHFORD ROAD, SUITE 500 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Technical Officer 5. If Amendment, Date Original Filed (Month/Day/Year) (Street) SUGAR LAND, TX 77478 6. Individual or Joint/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 730(1) D Common Stock 738(2) D Common Stock 336(3) D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Allen Matthew Michael 13131 DAIRY ASHFORD ROAD SUITE 500 SUGAR LAND, TX 77478			Chief Technical Officer

Signatures

/s/ Mary K. Newman, Attorney-in-Fact		07/11/2025
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Represents shares of the Issuer's common stock issued upon the vesting of phantom stock units ("PSUs") granted pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated (the "2006 Equity Incentive Plan.")
(2)	On December 6, 2022, Mr. Allen was granted 738 PSUs pursuant to the 2006 Equity Incentive Plan. Each PSU represents a contractual right in respect of one share of the Issuer's common stock. The PSUs vest, if at all, upon the continued performance of services through the applicable scheduled vesting date. The PSUs are scheduled to vest on the earlier of December 15, 2025 and the date that Issuer files its Annual Report on Form 10-K for its fiscal year ending September 30, 2025.
(3)	On November 27, 2024, Mr. Allen was granted 336 PSUs pursuant to the 2006 Equity Incentive Plan. Each PSU represents a contractual right in respect of one share of the Issuer's common stock. The PSUs vest, if at all, upon the continued performance of services through the applicable scheduled vesting date. The PSUs are scheduled to vest on the earlier of December 15, 2027 and the date that Issuer files its Annual Report on Form 10-K for its fiscal year ending September 30, 2027.
Remarks: Remarks: Mr. Allen's POA is attached as Exhibit 24 hereto.

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