ERock insider sells 465,116 Class B units
For ERock, Inc. (EROC), ten percent owner Walter Thomas McAndrew Jr. reported IPO-related restructurings on June 11, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
For ERock, Inc. (EROC), ten percent owner Walter Thomas McAndrew Jr. reported IPO-related restructurings on June 11, 2026. He received 50,550 Class A common shares in exchange for Class A units of Enchanted Rock Holdings, LLC, while he and McAndrew Holdings, Ltd. sold 372,093 and 93,023 Class B Units, respectively, to the issuer using IPO proceeds, triggering cancellation of an equal number of non‑economic Class B common shares. No Rule 10b5‑1 trading plan is reported.
Insider Trade Summary
Net Seller: 465,116 shares
Net Sell
5 txns
Insider
McAndrew Walter Thomas Jr.
Role
10% Owner
Sold
465,116 shs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B Units F6, F3 | 372,093 | -- | -- |
| Sale | Class B Units F6, F4, F5 | 93,023 | -- | -- |
| Other | Class A common stock, par value $0.01 F1 | 50,550 | -- | -- |
| Other | Class B common stock, par value $0.01 F2, F3 | 372,093 | -- | -- |
| Other | Class B common stock, par value $0.01 F2, F4, F5 | 93,023 | -- | -- |
Holdings After Transaction:
Class B Units — 5,996,469 contracts (Direct);
Class B Units — 16,540,099 contracts (Indirect, By McAndrew Holdings, Ltd.);
Class A common stock, par value $0.01 — 50,550 shares (Direct);
Class B common stock, par value $0.01 — 5,996,469 shares (Direct);
Class B common stock, par value $0.01 — 16,540,099 shares (Indirect, By McAndrew Holdings, Ltd.)
Footnotes (6)
- F1. In connection with the initial public offering (the "IPO") of shares of Class A common stock, par value $0.01 per share (such shares, "Class A Shares"), of ERock, Inc. (the "Issuer"), the Issuer consummated certain mergers pursuant to which certain entities holding Class A membership interests ("Class A Units") of Enchanted Rock Holdings, LLC ("ER Holdings") merged with and into the Issuer (the "Blocker Mergers"), as described in the Issuer's prospectus filed with the Securities and Exchange Commission on June 10, 2026. In connection with the Blocker Mergers, 50,550 Class A Units held by ERock Holdings GP, LLC were exchanged for 50,550 Class A Shares issued to Walter Thomas McAndrew, Jr. ("Mr. McAndrew").
- F2. Shares of the Issuer's Class B common stock, par value $0.01 per share (such shares, "Class B Shares"), have no economic value and entitle the holder to one vote per Class B Share held. One Class B Share was issued for each Class B membership interest (each, a "Class B Unit") of ER Holdings held.
- F3. The Issuer used approximately $7.4 million of the IPO proceeds to purchase 372,093 Class B Units of ER Holdings from Mr. McAndrew. Upon such purchase, 372,093 of the Issuer's Class B Shares held by Mr. McAndrew were cancelled.
- F4. The Issuer used approximately $1.8 million of the IPO proceeds to purchase 93,023 Class B Units of ER Holdings from McAndrew Holdings, Ltd. ("Holdings"). Upon such purchase, 93,023 of the Issuer's Class B Shares held by Holdings were cancelled.
- F5. These securities are owned directly by Holdings. Mr. McAndrew may be deemed to share voting and investment power over the securities held by Holdings in his capacity as a manager of McAndrew Holdings, LLC, the general partner of Holdings. Mr. McAndrew disclaims beneficial ownership of the securities held by Holdings except to the extent of his pecuniary interest therein.
- F6. The Class B Units of ER Holdings are exchangeable, at the holder's option, on a one-for-one basis into Class A Shares of the Issuer. Upon the exchange of Class B Units into Class A Shares, an equivalent number of Class B Shares will be automatically cancelled.
Key Figures
Class B Units sold by McAndrew: 372,093 units
Class B Units sold by McAndrew Holdings, Ltd.: 93,023 units
IPO proceeds used to purchase McAndrew units: $7.4 million
+5 more
8 metrics
Class B Units sold by McAndrew
372,093 units
Class B Units of Enchanted Rock Holdings, LLC sold on June 11, 2026; issuer used IPO proceeds to purchase them
Class B Units sold by McAndrew Holdings, Ltd.
93,023 units
Class B Units of Enchanted Rock Holdings, LLC sold on June 11, 2026; issuer used IPO proceeds to purchase them
IPO proceeds used to purchase McAndrew units
$7.4 million
Used by the issuer to purchase 372,093 Class B Units from McAndrew
IPO proceeds used to purchase Holdings units
$1.8 million
Used by the issuer to purchase 93,023 Class B Units from McAndrew Holdings, Ltd.
Class A shares received by McAndrew
50,550 shares
Class A common shares issued to McAndrew in the Blocker Mergers
Direct Class B common shares after transaction
5,996,469 shares
Class B common stock directly held by McAndrew after June 11, 2026 restructurings
Indirect Class B common shares after transaction
16,540,099 shares
Class B common stock held indirectly through McAndrew Holdings, Ltd. after restructuring
Net Class B Units sold
465,116 units
Total Class B Units sold across derivative transactions in this filing
Key Terms
Blocker Mergers, initial public offering, Class B Units, Class B Shares, +1 more
5 terms
Blocker Mergers financial
"the Issuer consummated certain mergers pursuant to which certain entities holding Class A membership interests ("Class A Units") of Enchanted Rock Holdings, LLC ("ER Holdings") merged with and into the Issuer (the "Blocker Mergers")"
initial public offering financial
"In connection with the initial public offering (the "IPO") of shares of Class A common stock"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
Class B Units financial
"The Class B Units of ER Holdings are exchangeable, at the holder's option, on a one-for-one basis"
exchangeable financial
"The Class B Units of ER Holdings are exchangeable, at the holder's option, on a one-for-one basis into Class A Shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ERock, Inc. (EROC) report for June 11, 2026?
On June 11, 2026, ten percent owner Walter Thomas McAndrew Jr. reported receiving 50,550 Class A shares and selling 372,093 Class B Units directly and 93,023 Class B Units indirectly through McAndrew Holdings, Ltd., tied to ERock’s IPO-related restructurings.
How many ERock (EROC) Class B Units were sold by entities associated with McAndrew?
Entities associated with McAndrew sold 372,093 Class B Units held by him personally and 93,023 Class B Units held by McAndrew Holdings, Ltd. The issuer used IPO proceeds to purchase these units and cancelled an equal number of Class B common shares.
Were ERock (EROC) insider transactions under a Rule 10b5-1 trading plan?
The filing indicates no Rule 10b5‑1 trading plan; the plan checkbox is not affirmed, and the footnotes describe IPO‑related mergers and redemptions rather than trading under a pre‑arranged plan.
What holdings does McAndrew have indirectly in ERock (EROC)?
After the reported transactions, an entity, McAndrew Holdings, Ltd., held 16,540,099 Class B common shares indirectly attributed to McAndrew. He may be deemed to share voting and investment power but disclaims beneficial ownership beyond his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
