Director Nelson Carl adds 100K EagleRock (EROK) Class A shares

Rhea-AI Filing Summary

EagleRock Land, LLC director Nelson James Carl, through affiliated entities, reported indirect open-market purchases totaling 100,000 Class A shares at $18.50 per share on May 15, 2026, in connection with the company’s initial public offering.

The filing notes 50,000 Class A shares are held by JMP Partners, Ltd. and 50,000 by Longspar Capital, Inc.. Through related trusts and ownership structures, Carl may exercise voting and investment control over these shares but disclaims beneficial ownership beyond his pecuniary interest. Following these transactions, reported indirect holdings total 100,000 Class A shares.

Insider Trade Summary

Net Buyer: 100,000 shares ($1,850,000)

Net Buy 2 txns

Insider Nelson James Carl

Role null

Bought 100,000 shs ($1.85M)

Type	Security	Shares	Price	Value
Purchase	Class A shares	50,000	$18.50	$925K
Purchase	Class A shares	50,000	$18.50	$925K

Holdings After Transaction: Class A shares — 50,000 shares (Indirect, See Footnote)

Footnotes (1)

1. Represents Class A shares representing limited liability company interests (the "Class A shares") of EagleRock Land, LLC (the "Issuer"), purchased by the Reporting Person in the Issuer's initial public offering, which closed on May 15, 2026. Includes 50,000 Class A shares which are held by JMP Partners, Ltd. ("JMP Partners"). The Nelson Management Trust is the limited and general partner of JMP Partners. The Reporting Person and his wife are each settlors of The Nelson Management Trust. As a result of the foregoing, the Reporting Person may exercise voting and investment control over the Class A shares held by JMP Partners, and may be deemed to be the beneficial owner thereof. The Reporting Person disclaims beneficial ownership of the Class A shares in excess of his pecuniary interest therein, if any. Includes 50,000 Class A shares which are held by Longspar Capital, Inc. ("Longspar Capital"). Longspar Capital is a wholly owned subsidiary of Warren Equipment Company. Longspar Partners, Ltd. owns 95% of the common stock of Warren Equipment Company. The Nelson 2008 Descendants Trust owns 98% of the limited partner interests in Longspar Partners, Ltd. The Reporting Person is the trustee and beneficiary of The Nelson 2008 Descendants Trust. As a result of the foregoing, the Reporting Person may exercise voting and investment control over the Class A shares held by Longspar Capital, and may be deemed to be the beneficial owner thereof. The Reporting Person disclaims beneficial ownership of the Class A shares in excess of his pecuniary interest therein, if any.

Key Figures

Total shares purchased: 100,000 Class A shares Purchase price: $18.50 per share Shares via JMP Partners: 50,000 Class A shares +3 more

6 metrics

Total shares purchased 100,000 Class A shares Two open-market purchases on May 15, 2026

Purchase price $18.50 per share Price for each Class A share purchased

Shares via JMP Partners 50,000 Class A shares Indirectly held by JMP Partners, Ltd.

Shares via Longspar Capital 50,000 Class A shares Indirectly held by Longspar Capital, Inc.

Buy transaction count 2 transactions Both coded as open-market purchases (P)

Net buy direction 100,000 net-buy shares No reported sales in this Form 4

Key Terms

open-market purchase, beneficial owner, pecuniary interest, indirect ownership, +1 more

5 terms

open-market purchase financial

"transaction_action is described as an open-market purchase of Class A shares"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

beneficial owner financial

"the Reporting Person may be deemed to be the beneficial owner thereof"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

pecuniary interest financial

"disclaims beneficial ownership of the Class A shares in excess of his pecuniary interest"

indirect ownership financial

"shares are reported with indirect ownership through JMP Partners and Longspar Capital"

initial public offering financial

"Class A shares purchased in the Issuer's initial public offering"

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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Nelson James Carl

(Last) (First) (Middle)

C/O EAGLEROCK LAND, LLC

9655 KATY FREEWAY, SUITE 375

(Street)

HOUSTON TEXAS 77024

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
EagleRock Land, LLC [ EROK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A shares	05/15/2026		P		50,000(1)	A	$18.5	50,000	I	See Footnote(2)
Class A shares	05/15/2026		P		50,000(1)	A	$18.5	50,000	I	See Footnote(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents Class A shares representing limited liability company interests (the "Class A shares") of EagleRock Land, LLC (the "Issuer"), purchased by the Reporting Person in the Issuer's initial public offering, which closed on May 15, 2026.

2. Includes 50,000 Class A shares which are held by JMP Partners, Ltd. ("JMP Partners"). The Nelson Management Trust is the limited and general partner of JMP Partners. The Reporting Person and his wife are each settlors of The Nelson Management Trust. As a result of the foregoing, the Reporting Person may exercise voting and investment control over the Class A shares held by JMP Partners, and may be deemed to be the beneficial owner thereof. The Reporting Person disclaims beneficial ownership of the Class A shares in excess of his pecuniary interest therein, if any.

3. Includes 50,000 Class A shares which are held by Longspar Capital, Inc. ("Longspar Capital"). Longspar Capital is a wholly owned subsidiary of Warren Equipment Company. Longspar Partners, Ltd. owns 95% of the common stock of Warren Equipment Company. The Nelson 2008 Descendants Trust owns 98% of the limited partner interests in Longspar Partners, Ltd. The Reporting Person is the trustee and beneficiary of The Nelson 2008 Descendants Trust. As a result of the foregoing, the Reporting Person may exercise voting and investment control over the Class A shares held by Longspar Capital, and may be deemed to be the beneficial owner thereof. The Reporting Person disclaims beneficial ownership of the Class A shares in excess of his pecuniary interest therein, if any.

	/s/ Robert W. Hunt Jr., Attorney-In-Fact	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did EagleRock Land (EROK) report on this Form 4?

The Form 4 reports that director Nelson James Carl indirectly bought 100,000 Class A shares at $18.50 per share. The purchases occurred on May 15, 2026, in connection with EagleRock Land, LLC’s initial public offering of Class A shares.

At what price did Nelson James Carl acquire EagleRock (EROK) Class A shares?

He acquired the Class A shares at $18.50 per share. Two separate open-market purchase transactions were reported, each for 50,000 shares, all dated May 15, 2026, resulting in a total of 100,000 Class A shares bought indirectly.

How many EagleRock (EROK) shares does Nelson James Carl hold after this transaction?

After the reported transactions, the filing shows indirect holdings totaling 100,000 Class A shares. These shares are held through related entities, with 50,000 shares at JMP Partners, Ltd. and 50,000 shares at Longspar Capital, Inc., over which Carl may exercise control.

Were Nelson James Carl’s EagleRock (EROK) purchases direct or indirect?

The purchases were reported as indirect ownership. The shares are held by JMP Partners, Ltd. and Longspar Capital, Inc., entities linked to trusts and partnerships, where Carl may exercise voting and investment control rather than holding the shares personally.

How are JMP Partners and Longspar Capital involved in the EagleRock (EROK) transactions?

JMP Partners, Ltd. holds 50,000 Class A shares and Longspar Capital, Inc. holds another 50,000. Trusts and partnerships connected to Nelson James Carl control these entities, giving him potential voting and investment power over the EagleRock Land, LLC shares.

Does Nelson James Carl claim full beneficial ownership of the EagleRock (EROK) shares?

The filing states he may be deemed a beneficial owner due to control rights but disclaims beneficial ownership beyond his pecuniary interest. This means he recognizes only the economic stake he actually holds in the indirectly owned Class A shares.