Flowco (FLOC) EVP swaps LLC interests for 100,000 Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flowco Holdings EVP Talton Brooks Mims III acquired 100,000 shares of Class A common stock through a non-cash conversion of LLC interests and paired Class B shares on February 27, 2026.
He converted 100,000 Common Units of Flowco MergeCo LLC, each paired with one Class B share, into an equal number of Class A shares, as permitted under the Flowco MergeCo LLC Restated LLC Agreement. The corresponding 100,000 Class B voting shares were cancelled. After the transaction, he directly held 183,675 shares of Class A common stock and 1,017,512 LLC interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
100,000 shares exercised/converted
Mixed
2 txns
Insider
Talton Brooks Mims III
Role
EVP, Natural Gas Technologies
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | LLC Interests | 100,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 100,000 | $0.00 | -- |
Holdings After Transaction:
LLC Interests — 1,017,512 shares (Direct);
Class A Common Stock — 183,675 shares (Direct)
Footnotes (1)
- The 100,000 shares of Class A common stock of the Issuer (the "Class A Common Stock") were acquired upon redemption and exchange of an equal number of Common Units of Flowco MergeCo LLC (the "Common Units") and shares of Class B common stock of the Issuer (the "Class B Common Stock", and together with the paired Common Unit, the "Paired Interest") as described in footnote (2). Represents Common Units. Each Common Unit is paired with one share of Class B Common Stock. Pursuant to a Second Amended and Restated Limited Liability Company Agreement of Flowco MergeCo LLC (the "Restated LLC Agreement"), each Paired Interest will be exchangeable into one share of Class A Common Stock (or at the Issuer's election, cash based on the redemption rate set forth in the Restated LLC Agreement and the value of the Class A Common Stock at the time of the exchange), subject to the terms of the Restated LLC Agreement. Upon an exchange of the Paired Interests for Class A Common Stock, the corresponding number of shares of Class B Common Stock, which entitle its holder to one vote per share on all matters presented to the Issuer's stockholders, generally will be cancelled.
FAQ
What insider transaction did Flowco (FLOC) report for Talton Brooks Mims III?
Talton Brooks Mims III acquired 100,000 Class A shares of Flowco Holdings Inc. via a non-cash conversion. He exchanged 100,000 Common Units of Flowco MergeCo LLC and paired Class B shares into 100,000 Class A shares under the Restated LLC Agreement’s exchange terms.
Was the Flowco (FLOC) insider transaction a market purchase or sale?
The transaction was a conversion of a derivative security, not a market trade. Code C on the Form 4 indicates a derivative conversion, exchanging LLC interests and Class B shares into Class A stock without an open-market buy or sell component.