ERock CFO files initial equity holdings
ERock, Inc. Chief Financial Officer Robert Ian Blakely filed an initial Form 3 reporting his equity holdings.
Rhea-AI Filing Summary
ERock, Inc. Chief Financial Officer Robert Ian Blakely filed an initial Form 3 reporting his equity holdings. He directly holds 4,936,761 shares of Class B Common Stock, which carry voting rights but no economic value and are paired one-for-one with Class B Units of Enchanted Rock Holdings.
He also holds several tranches of Class M and Class B Units in Enchanted Rock Holdings that are exchangeable into Class A Common Stock, with underlying amounts including 630,574 and 2,901,038 Class A-equivalent shares at stated threshold amounts. Portions of these Class M Units have already vested, with the remainder vesting in monthly installments from mid‑2026 through late 2028, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Blakely Robert Ian
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Units | -- | -- | -- |
| holding | Class M Units | -- | -- | -- |
| holding | Class M Units | -- | -- | -- |
| holding | Class M Units | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Units — 4,936,761 contracts (Direct);
Class M Units — 3,675,515 contracts (Direct);
Class B Common Stock — 4,936,761 shares (Direct)
Footnotes (6)
- F1. Shares of the Issuer's Class B common stock ("Class B Common Stock") have no economic value and have one vote per share. One share of Class B Common Stock is issued for each Class B Unit ("Class B Units") of Enchanted Rock Holdings, LLC ("ER Holdings") held. Upon an exchange of Class B Units for shares of the Issuer's Class A common stock ("Class A Common Stock"), an equivalent number of shares of Class B Common Stock held by such holder will be automatically cancelled.
- F2. The Class B Units are exchangeable, at the holder's option, on a one-for-one basis into shares of Class A Common Stock of the Issuer.
- F3. Reflect Class M Units ("Class M Units") of ER Holdings, which are "profits interests" for U.S. federal income tax purposes. Vested Class M Units are convertible, at the holder's option, into a number of Class B Units generally equal to the product of (a) the number of vested Class M Units to be converted, and (b) a fraction, the numerator of which is the amount that would be distributed in respect of the vested Class M Unit (taking into account the applicable threshold amount), and the denominator of which is the amount that would be distributed in respect of a Class B Unit, in each case if, immediately before the exchange, ER Holdings were to sell all of its assets for their fair market values, pay any liabilities, and distribute the proceeds available for distribution, subject to certain adjustments. Class M Units have no expiration date.
- F4. 128,913 of these Class M Units have vested, and the remaining Class M Units vest in 10 equal monthly installments on the first day of each calendar month commencing July 2026 and ending April 2027, subject to the Reporting Person's continuous service to the Issuer.
- F5. 805,840 of these Class M Units have vested, and the remaining Class M Units vest in 26 equal monthly installments commencing June 28, 2026 and ending July 28, 2028, subject to the Reporting Person's continuous service to the Issuer.
- F6. 105,089 of these Class M Units have vested, and the remaining Class M Units vest in 30 equal monthly installments commencing June 26, 2026 and ending November 26, 2028, subject to the Reporting Person's continuous service to the Issuer.
Key Figures
Class B Common Stock held: 4,936,761 shares
Class B Units underlying Class A: 4,936,761 shares
Class M Units tranche 1: 630,574 underlying shares at 1.6100
+5 more
8 metrics
Class B Common Stock held
4,936,761 shares
Direct holdings of Class B Common Stock
Class B Units underlying Class A
4,936,761 shares
Underlying Class A Common Stock via Class B Units
Class M Units tranche 1
630,574 underlying shares at 1.6100
Class M Units convertible into Class A Common Stock
Class M Units tranche 2
2,901,038 underlying shares at 0.1500
Class M Units convertible into Class A Common Stock
Class M Units tranche 3
143,903 underlying shares at 0.1500
Class M Units convertible into Class A Common Stock
Vested Class M Units (grant 1)
128,913 units
Portion of a Class M Unit grant already vested
Vested Class M Units (grant 2)
805,840 units
Portion of a second Class M Unit grant vested
Vested Class M Units (grant 3)
105,089 units
Portion of a third Class M Unit grant vested
Key Terms
Class B Common Stock, Class M Units, profits interests, Class A Common Stock, +1 more
5 terms
Class B Common Stock financial
"Shares of the Issuer's Class B common stock ("Class B Common Stock") have no economic value"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class M Units financial
"Reflect Class M Units ("Class M Units") of ER Holdings, which are "profits interests""
profits interests financial
"Class M Units ("Class M Units") of ER Holdings, which are "profits interests" for U.S. federal income tax purposes"
Class A Common Stock financial
"exchangeable, at the holder's option, on a one-for-one basis into shares of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting financial
"remaining Class M Units vest in 10 equal monthly installments on the first day of each calendar month"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does ERock (EROC) CFO Robert Ian Blakely report on this Form 3?
ERock CFO Robert Ian Blakely reports his equity holdings in the company and its affiliate. He lists 4,936,761 shares of Class B Common Stock and multiple Class M and Class B Units in Enchanted Rock Holdings that are exchangeable into Class A Common Stock.
What are ERock (EROC) Class M Units and how can they convert?
Class M Units are profits interests in Enchanted Rock Holdings. Vested Class M Units are generally convertible, at the holder’s option, into Class B Units based on distribution formulas, which then can be exchanged one-for-one into Class A Common Stock of ERock, subject to detailed conditions.
What derivative positions tied to ERock (EROC) Class A stock does the CFO hold?
The filing lists Class M and Class B Units exchangeable into Class A Common Stock. These include underlying Class A-equivalent amounts of 630,574 at a stated threshold of 1.6100 and 2,901,038 and 143,903 at 0.1500, plus 4,936,761 underlying shares from Class B Units.
How do the vesting schedules work for ERock (EROC) Class M Units held by the CFO?
Several Class M Unit grants vest over time if the CFO continues service. One grant has 128,913 units vested, with the remainder vesting in ten monthly installments from July 2026 to April 2027. Other grants vest in monthly installments through July 2028 and November 2028.
AI-generated analysis. How Rhea-AI works. Not financial advice.
