Flowco (FLOC) EVP swaps 350,000 LLC Paired Interests for Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flowco Holdings Inc. executive vice president Chad Roberts converted 350,000 LLC interests (paired Common Units and Class B shares) into 350,000 shares of Class A Common Stock on May 26, 2026 through a derivative conversion, with no stated cash price.
After the transaction, Roberts directly held 417,008 shares of Class A Common Stock. The converted interests came from Paired Interests in Flowco MergeCo LLC, where each Common Unit and corresponding Class B share could be exchanged into one Class A share under the Restated LLC Agreement, with the related Class B shares generally cancelled.
Positive
- None.
Negative
- None.
Insider Trade Summary
350,000 shares exercised/converted
Mixed
2 txns
Insider
Roberts Chad
Role
EVP, Production Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | LLC Interests | 350,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 350,000 | $0.00 | -- |
Holdings After Transaction:
LLC Interests — 218,016 shares (Direct, null);
Class A Common Stock — 417,008 shares (Direct, null)
Footnotes (1)
- The 350,000 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.
Key Figures
Class A shares acquired: 350,000 shares
Class A shares after transaction: 417,008 shares
LLC interests converted: 350,000 interests
+2 more
5 metrics
Class A shares acquired
350,000 shares
Acquired via derivative conversion on May 26, 2026
Class A shares after transaction
417,008 shares
Direct holdings following conversion
LLC interests converted
350,000 interests
Common Units paired with Class B Common Stock
LLC interests remaining
218,016 interests
LLC interests held after derivative transaction
Conversion price per share
$0.00 per share
Stated transaction price for Class A Common Stock
Key Terms
Class A Common Stock, Common Units, Class B Common Stock, Paired Interest, +1 more
5 terms
Class A Common Stock financial
"The 350,000 shares of Class A common stock of the Issuer (the "Class A Common Stock") were acquired upon redemption"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Common Units financial
"Represents Common Units. Each Common Unit is paired with one share of Class B Common Stock."
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
Class B Common Stock financial
"Each Common Unit is paired with one share of Class B Common Stock."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Paired Interest financial
"shares of Class B common stock of the Issuer (the "Class B Common Stock", and together with the paired Common Unit, the "Paired Interest")"
Restated LLC Agreement financial
"Pursuant to a Second Amended and Restated Limited Liability Company Agreement of Flowco MergeCo LLC (the "Restated LLC Agreement")"
FAQ
What did Flowco (FLOC) executive Chad Roberts report on this Form 4?
Chad Roberts reported a derivative conversion, exchanging 350,000 Paired Interests into 350,000 shares of Class A Common Stock. The transaction involved redeeming LLC Common Units and associated Class B shares into Class A stock under Flowco MergeCo LLC’s Restated LLC Agreement.
What are Paired Interests and Common Units in the Flowco (FLOC) structure?
Each Paired Interest consists of one Common Unit in Flowco MergeCo LLC and one share of Class B Common Stock. Under the Restated LLC Agreement, each Paired Interest is exchangeable into one share of Class A Common Stock or, at the issuer’s election, cash based on a defined redemption rate.
How many Flowco MergeCo LLC Common Units were converted in this Form 4?
The filing shows 350,000 Common Units, each paired with one Class B Common share, were exchanged. These Paired Interests were redeemed for 350,000 shares of Class A Common Stock, following the terms of Flowco MergeCo LLC’s Second Amended and Restated Limited Liability Company Agreement.
What happens to Flowco (FLOC) Class B Common Stock when Paired Interests are exchanged?
When Paired Interests are exchanged for Class A Common Stock, the corresponding Class B shares generally are cancelled. Those Class B shares previously entitled the holder to one vote per share on matters presented to stockholders, as described in the Form 4’s explanatory footnote.