The complaint alleges that on July 14, 2026, after the market closed, Pentair released its preliminary second quarter 2026 financial results, disclosing that “the [C]ompany estimates that the destocking of inventory in the Pool channel negatively impacted Pool segment sales by approximately $170 million and Pool segment income by approximately $105 million.” The Company also announced the departure of its Chief Financial Officer, effective immediately. On July 15, 2026, Pentair’s stock price fell $11.35, or 15%, to close at $64.33 per share.