Flowco EVP converts units into 100,000 Class A shares
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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | LLC Interests | 100,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 100,000 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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).
- F2. 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.
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