SOLV Energy CLO sells 11,480 units at $27.77 each

SOLV Energy, Inc. (MWH) reports that officer Adam S. Forman, CLO & Secretary, had 11,480 SOLV Energy Management Holdings LP Units disposed of in a derivative transaction tied to Class A common stock.

Rhea-AI Filing Summary

SOLV Energy, Inc. (MWH) reports that officer Adam S. Forman, CLO & Secretary, had 11,480 SOLV Energy Management Holdings LP Units disposed of in a derivative transaction tied to Class A common stock. The transaction was a required, automatic and non-discretionary pro rata redemption in connection with a sale of Class A common stock by SOLV Energy Management Holdings LP. The implied price was $27.77 per MH Unit, matching the Class A sale price, and Forman now holds 183,994 MH Units after this redemption.

Insider Trade Summary

Net Seller: 11,480 shares

Net Sell 1 txn

Insider Forman Adam S

Role CLO & Secretary

Sold 11,480 shs

Type	Security	Shares	Price	Value
Sale	SOLV Energy Management Holdings LP Units F1, F2, F3, F4	11,480	--	--

Holdings After Transaction: SOLV Energy Management Holdings LP Units — 183,994 contracts (Direct)

Footnotes (4)

1. F1. Pursuant to the Limited Partnership Agreement ("MH LPA") of SOLV Energy Management Holdings LP ("MH") and limited liability company agreement ("Opco LLCA") of SOLV Energy Holdings LLC ("Opco"), the Reporting Person is indirectly entitled to redeem common units of Opco ("Opco LLC Interests") held by MH for, at the Issuer's election, shares of Class A common stock of the Issuer ("Class A common stock") on a one-for-one basis or, using proceeds from a substantially contemporaneous follow-on offering or secondary offering, a cash payment equal to the price per share of the Class A common stock net of any underwriting discounts or commissions paid in such offering, in each case in accordance with the terms of the MH LPA and the Opco LLCA.
2. F2. (Continued from footnote 1) Upon a redemption or direct exchange of Opco LLC Interests by MH, an equal number of shares of Class B common stock of the Issuer held by MH will be surrendered to and cancelled by the Issuer for no additional consideration, and an equal number of limited partnership units in MH ("MH Units") held by the Reporting Person will be cancelled by MH. In accordance with the MH LPA, each share of Class B common stock held by MH entitles the Reporting Person to one vote per share but carries no economic rights. Opco LLC Interests and MH Units do not have an expiration date.
3. F3. In accordance with the terms of the MH LPA and Opco LLCA, represents the required, automatic and non-discretionary pro rata redemption of 11,480 MH Units held by the Reporting Person (and the corresponding (i) direct exchange of an equal number of Opco LLC Interests held by MH and (ii) the cancellation of an equal number of shares of Class B common stock of the Issuer held by MH) in connection with the sale of Class A common stock by MH.
4. F4. Represents a price per MH Unit equal to the sale price of $27.77 per share of Class A common stock sold by MH.

Key Figures

MH Units disposed: 11,480 MH Units Price per MH Unit: $27.77 per MH Unit MH Units held after transaction: 183,994 MH Units +1 more

4 metrics

MH Units disposed 11,480 MH Units Required, automatic and non-discretionary pro rata redemption linked to sale of Class A common stock by SOLV Energy Management Holdings LP

Price per MH Unit $27.77 per MH Unit Equal to the $27.77 per share sale price of Class A common stock sold by SOLV Energy Management Holdings LP

MH Units held after transaction 183,994 MH Units Total SOLV Energy Management Holdings LP Units reported as held by Adam S. Forman following the transaction

Underlying Class A common stock 11,480 shares Underlying Class A common stock corresponding to the 11,480 MH Units redeemed

Key Terms

SOLV Energy Management Holdings LP Units, Limited Partnership Agreement, Opco LLC Interests, Class B common stock, +1 more

5 terms

SOLV Energy Management Holdings LP Units financial

"Represents the required, automatic and non-discretionary pro rata redemption of 11,480 MH Units"

Limited Partnership Agreement financial

"Pursuant to the Limited Partnership Agreement ("MH LPA") of SOLV Energy Management Holdings LP"

A limited partnership agreement is the legal rulebook that sets out how a limited partnership is run, naming who manages the business, how profits and losses are split, and what rights and responsibilities each partner has. For investors, it matters because it defines who makes decisions, how much liability they carry, how and when they can get their money back, and how returns are distributed—like a household budget and authority chart for a shared venture.

Opco LLC Interests financial

"redeem common units of Opco ("Opco LLC Interests") held by MH"

Class B common stock financial

"cancellation of an equal number of shares of Class B common stock of the Issuer"

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.

non-discretionary pro rata redemption financial

"represents the required, automatic and non-discretionary pro rata redemption of 11,480 MH Units"

FAQ

What insider transaction did MWH’s CLO Adam S. Forman report in this Form 4?

Adam S. Forman reported the disposal of 11,480 SOLV Energy Management Holdings LP Units in a derivative transaction, described as a required, automatic and non-discretionary pro rata redemption connected to a sale of Class A common stock by SOLV Energy Management Holdings LP.

What security was involved in Adam S. Forman’s Form 4 transaction for MWH?

The transaction involved SOLV Energy Management Holdings LP Units, which are derivative interests with an underlying 11,480 shares of Class A common stock of SOLV Energy, Inc., subject to the redemption and exchange mechanics set out in the partnership and LLC agreements.

How many SOLV Energy Management Holdings LP Units does Adam S. Forman hold after this MWH transaction?

After the reported transaction, Adam S. Forman holds 183,994 SOLV Energy Management Holdings LP Units, as disclosed in the post-transaction holdings figure on the Form 4.

Was Adam S. Forman’s MWH Form 4 transaction discretionary or automatic?

The filing states the 11,480 MH Units represented a required, automatic and non-discretionary pro rata redemption under the SOLV Energy Management Holdings LP partnership and SOLV Energy Holdings LLC operating agreements, triggered by a sale of Class A common stock by SOLV Energy Management Holdings LP.

What price per unit is associated with Adam S. Forman’s MWH Form 4 transaction?

A footnote explains the transaction reflects a price of $27.77 per MH Unit, equal to the $27.77 per share sale price of Class A common stock sold by SOLV Energy Management Holdings LP in the related transaction.

Is Adam S. Forman’s MWH Form 4 transaction reported under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox is shown as not checked, and no footnote indicates that the transaction was executed pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/21/2026 - 08:15 PM Accepted by SEC EDGAR 08/21/2026 - 08:15 PM Learn about SEC filing dates

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^*

Forman Adam S

(Last) (First) (Middle)

C/O SOLV ENERGY, INC.

16680 WEST BERNARDO DRIVE

(Street)

SAN DIEGO CALIFORNIA 92127

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SOLV Energy, Inc. [ MWH ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2026

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

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
SOLV Energy Management Holdings LP Units	(1)(2)	08/19/2026		S			11,480(3)	(1)(2)	(1)(2)	Class A Common Stock	11,480(3)	(4)	183,994	D

Explanation of Responses:

1. Pursuant to the Limited Partnership Agreement ("MH LPA") of SOLV Energy Management Holdings LP ("MH") and limited liability company agreement ("Opco LLCA") of SOLV Energy Holdings LLC ("Opco"), the Reporting Person is indirectly entitled to redeem common units of Opco ("Opco LLC Interests") held by MH for, at the Issuer's election, shares of Class A common stock of the Issuer ("Class A common stock") on a one-for-one basis or, using proceeds from a substantially contemporaneous follow-on offering or secondary offering, a cash payment equal to the price per share of the Class A common stock net of any underwriting discounts or commissions paid in such offering, in each case in accordance with the terms of the MH LPA and the Opco LLCA.

2. (Continued from footnote 1) Upon a redemption or direct exchange of Opco LLC Interests by MH, an equal number of shares of Class B common stock of the Issuer held by MH will be surrendered to and cancelled by the Issuer for no additional consideration, and an equal number of limited partnership units in MH ("MH Units") held by the Reporting Person will be cancelled by MH. In accordance with the MH LPA, each share of Class B common stock held by MH entitles the Reporting Person to one vote per share but carries no economic rights. Opco LLC Interests and MH Units do not have an expiration date.

3. In accordance with the terms of the MH LPA and Opco LLCA, represents the required, automatic and non-discretionary pro rata redemption of 11,480 MH Units held by the Reporting Person (and the corresponding (i) direct exchange of an equal number of Opco LLC Interests held by MH and (ii) the cancellation of an equal number of shares of Class B common stock of the Issuer held by MH) in connection with the sale of Class A common stock by MH.

4. Represents a price per MH Unit equal to the sale price of $27.77 per share of Class A common stock sold by MH.

	/s/ Adam S. Forman	08/21/2026
	** 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)