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EagleRock Land (EROK) awards director Class B voting shares and OpCo units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Coats Richard Harlan reported acquisition or exercise transactions in this Form 4 filing.

EagleRock Land, LLC director Coats Richard Harlan reported equity awards tied to the company’s initial public offering and related reorganization. He was granted 8,770,275 Class B shares directly and 743,745 Class B shares indirectly through Cactus Energy, Inc., together with matching EagleRock Land Operating, LLC units exchangeable into Class A shares on a one-for-one basis. The Class B shares carry voting rights but no economic rights, while the OpCo units provide the underlying economic interest.

Positive

  • None.

Negative

  • None.
Insider Coats Richard Harlan
Role null
Type Security Shares Price Value
Grant/Award EagleRock Land Operating, LLC units 8,770,275 $0.00 --
Grant/Award EagleRock Land Operating, LLC units 743,745 $0.00 --
Grant/Award Class B shares 8,770,275 $0.00 --
Grant/Award Class B shares 743,745 $0.00 --
Holdings After Transaction: EagleRock Land Operating, LLC units — 8,770,275 shares (Direct, null); EagleRock Land Operating, LLC units — 743,745 shares (Indirect, See Footnote); Class B shares — 8,770,275 shares (Direct, null); Class B shares — 743,745 shares (Indirect, See Footnote)
Footnotes (1)
  1. Each Class B share representing limited liability company interests (the "Class B shares") of EagleRock Land, LLC (the "Issuer") has no economic rights but entitles its holder to one vote on all matters to be voted on by the shareholders of the Issuer generally. At the request of a holder, each membership interest ("OpCo Unit") in EagleRock Land Operating, LLC ("OpCo") may be redeemed (along with the cancellation of a corresponding Class B share) for, subject to certain restrictions in the amended and restated company agreement of OpCo (the "OpCo LLCA"), newly issued Class A shares representing limited liability company interests of the Issuer on a one-for-one basis or for a cash payment to be determined pursuant to the OpCo LLCA for each OpCo Unit redeemed. The OpCo Units do not expire. (continued from footnote 1) The Class B shares and OpCo Units issued to the Reporting Person were issued in connection with the Issuer's initial public offering and the corporate reorganization described in the Issuer's prospectus dated May 13, 2026. Includes 743,745 Class B shares which are held by Cactus Energy, Inc., of which the Reporting Person is the president and sole director. The Reporting Person disclaims beneficial ownership of Class B shares in excess of his pecuniary interest therein, if any. Includes 743,745 OpCo Units which are held by Cactus Energy, Inc., of which the Reporting Person is the president and sole director. The Reporting Person disclaims beneficial ownership of OpCo Units in excess of his pecuniary interest therein, if any.
Direct Class B shares granted 8,770,275 Class B shares Non-derivative award on May 15, 2026
Indirect Class B shares via Cactus Energy, Inc. 743,745 Class B shares Held indirectly as disclosed in footnote
Direct OpCo Units granted 8,770,275 OpCo Units Derivative award linked to Class A shares
Indirect OpCo Units via Cactus Energy, Inc. 743,745 OpCo Units Held indirectly with pecuniary interest disclaimer
Redemption ratio 1 OpCo Unit : 1 Class A share Redemption option under OpCo LLCA
Transaction price per unit/share $0.0000 per unit/share Grant or award acquisition on May 15, 2026
Class B shares financial
"Each Class B share representing limited liability company interests (the "Class B shares") of EagleRock Land, LLC"
Class B shares are one type of a company’s stock that carries a specific set of rights — often different voting power or dividend rules compared with other classes. For investors, that affects influence over company decisions and potential income: owning Class B might mean fewer or more votes per share or different claim on profits, like having a different seat at a decision table or a different slice of the payout pie.
OpCo Unit financial
"each membership interest ("OpCo Unit") in EagleRock Land Operating, LLC ("OpCo") may be redeemed"
Class A shares financial
"for newly issued Class A shares representing limited liability company interests of the Issuer on a one-for-one basis"
Class A shares are one of a company’s distinct types of stock that come with a specific set of rights—commonly different voting power, dividend treatment, or transfer rules—defined in the company’s charter. Investors care because those rights affect control, income and resale value; like holding a seat at a table that has different rules or stronger chips than other seats, owning Class A changes how much influence and return you can expect.
initial public offering financial
"were issued in connection with the Issuer's initial public offering and the corporate reorganization"
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.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of Class B shares in excess of his pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Coats Richard Harlan
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Class B shares05/15/2026A8,770,275(1)(2)A(1)(2)8,770,275D
Class B shares05/15/2026A743,745(1)(2)A(1)(2)743,745ISee 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
EagleRock Land Operating, LLC units(1)(2)05/15/2026A8,770,275 (1)(2) (1)(2)Class A shares8,770,275$08,770,275D
EagleRock Land Operating, LLC units(1)(2)05/15/2026A743,745 (1)(2) (1)(2)Class A shares743,745$0743,745ISee Footnote(4)
Explanation of Responses:
1. Each Class B share representing limited liability company interests (the "Class B shares") of EagleRock Land, LLC (the "Issuer") has no economic rights but entitles its holder to one vote on all matters to be voted on by the shareholders of the Issuer generally. At the request of a holder, each membership interest ("OpCo Unit") in EagleRock Land Operating, LLC ("OpCo") may be redeemed (along with the cancellation of a corresponding Class B share) for, subject to certain restrictions in the amended and restated company agreement of OpCo (the "OpCo LLCA"), newly issued Class A shares representing limited liability company interests of the Issuer on a one-for-one basis or for a cash payment to be determined pursuant to the OpCo LLCA for each OpCo Unit redeemed. The OpCo Units do not expire.
2. (continued from footnote 1) The Class B shares and OpCo Units issued to the Reporting Person were issued in connection with the Issuer's initial public offering and the corporate reorganization described in the Issuer's prospectus dated May 13, 2026.
3. Includes 743,745 Class B shares which are held by Cactus Energy, Inc., of which the Reporting Person is the president and sole director. The Reporting Person disclaims beneficial ownership of Class B shares in excess of his pecuniary interest therein, if any.
4. Includes 743,745 OpCo Units which are held by Cactus Energy, Inc., of which the Reporting Person is the president and sole director. The Reporting Person disclaims beneficial ownership of OpCo Units in excess of his pecuniary interest therein, if any.
/s/ Robert W. Hunt Jr., Attorney-In-Fact05/19/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did EagleRock Land (EROK) director Coats Richard Harlan receive in this Form 4?

He reported receiving equity awards consisting of Class B shares and EagleRock Land Operating, LLC units. These positions provide voting rights and the ability to exchange operating units into Class A shares, aligning his interests with the company’s structure after its initial public offering.

How many Class B shares were granted to Coats Richard Harlan in the EagleRock Land (EROK) filing?

He was granted 8,770,275 Class B shares held directly and 743,745 Class B shares held indirectly through Cactus Energy, Inc. The filing notes that the Class B shares carry one vote each but have no economic rights, separating voting power from economic ownership.

What are EagleRock Land Operating, LLC units reported in the EROK Form 4?

The units are interests in EagleRock Land Operating, LLC that can be redeemed for Class A shares of EagleRock Land, LLC on a one-for-one basis or for cash. The filing states these OpCo Units do not expire, giving long-term flexibility for future redemptions or exchanges.

Do the Class B shares in EagleRock Land (EROK) provide economic rights?

The filing explains that each Class B share has no economic rights and only provides one vote on shareholder matters. Economic exposure comes from the associated EagleRock Land Operating, LLC units, which can be redeemed into Class A shares or cash under the operating company agreement.

How is Cactus Energy, Inc. involved in the EagleRock Land (EROK) Form 4?

Cactus Energy, Inc. holds 743,745 Class B shares and 743,745 OpCo units reported as indirect holdings. The filing notes Coats Richard Harlan is Cactus Energy’s president and sole director and disclaims beneficial ownership beyond his pecuniary interest, clarifying the nature of his indirect interest.

Were these EagleRock Land (EROK) awards linked to the company’s IPO?

Yes. A footnote states the Class B shares and OpCo Units issued to the reporting person were granted in connection with EagleRock Land, LLC’s initial public offering and the related corporate reorganization described in the prospectus dated May 13, 2026, framing them as part of the IPO structure.