SOLV Energy (NASDAQ: MWH) investor sells 1.33M shares at $27.77
Rhea-AI Filing Summary
SOLV Energy, Inc. (MWH) reports that SOLV Energy Management Holdings LP converted 1,329,803 Opco LLC Interests of SOLV Energy Holdings LLC into 1,329,803 shares of Class A common stock on a one-for-one basis, with a corresponding cancellation of an equal number of Class B common shares.
The same day, the reporting person sold 1,329,803 Class A shares at a price of $27.77 per share. After these transactions, the reporting person holds 21,312,638 Opco LLC Interests. The reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
SOLV Energy Management Holdings LP
Role
10% Owner
Sold
1,329,803 shs
Approx. gross sale proceeds
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | SOLV Energy Holdings LLC Interests F1, F2, F3, F5, F6, F7 | 1,329,803 | -- | -- |
| Conversion | Class A Common Stock F3, F6, F7 | 1,329,803 | -- | -- |
| Sale | Class A Common Stock F4, F6, F7 | 1,329,803 | -- | -- |
Holdings After Transaction:
SOLV Energy Holdings LLC Interests — 21,312,638 shares (Direct);
Class A Common Stock — 0 shares (Direct)
Footnotes (7)
- F1. Pursuant to the limited liability company agreement ("Opco LLCA") of SOLV Energy Holdings LLC ("OpCo"), the Reporting Person is entitled to redeem, on behalf of its limited partners, common units of OpCo ("Opco LLC Interests") 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 Opco LLCA. Upon a redemption or direct exchange of Opco LLC Interests, an equal number of shares of Class B common stock of the Issuer also held by the Reporting Person will be surrendered to and cancelled by the Issuer for no additional consideration.
- F2. (Continued from footnote 1) Each share of Class B common stock entitles the Reporting Person to one vote per share but carries no economic rights. The Opco LLC Interests do not have an expiration date.
- F3. Represents the direct exchange of Opco LLC Interests held by the Reporting Person for Class A common stock on a one-for-one basis (and the cancellation of an equal number of shares of Class B common stock of the Issuer held by the Reporting Person).
- F4. Represents the sale price of $27.77 per share of Class A common stock.
- F5. Amount reflects Opco LLC Interests that were previously forfeited and cancelled for no consideration, which forfeiture and cancellation is exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b-6(d) and Rule 16a-4(d) thereunder.
- F6. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of the Reporting Person's pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F7. ASP Manager Corp., the general partner of the Reporting Person, has no pecuniary interest in the securities held by the Reporting Person.
Key Figures
Opco LLC Interests converted: 1,329,803 Opco LLC Interests
Class A shares acquired via conversion: 1,329,803 shares of Class A common stock
Class A shares sold: 1,329,803 shares of Class A common stock
+3 more
6 metrics
Opco LLC Interests converted
1,329,803 Opco LLC Interests
Direct exchange for Class A common stock on August 19, 2026
Class A shares acquired via conversion
1,329,803 shares of Class A common stock
Received one-for-one in exchange for Opco LLC Interests
Class A shares sold
1,329,803 shares of Class A common stock
Sale reported on August 19, 2026
Sale price per share
$27.77 per share
Sale of Class A common stock referenced in footnote F4
Opco LLC Interests held after transaction
21,312,638 Opco LLC Interests
Post-transaction holdings of derivative security
Net shares sold
1,329,803 shares
Net sell direction across reported transactions
Key Terms
Opco LLC Interests, Class B common stock, pecuniary interest, Section 16 of the Securities Exchange Act of 1934, +1 more
5 terms
Opco LLC Interests financial
"Pursuant to the limited liability company agreement ("Opco LLCA") of SOLV Energy Holdings LLC ("OpCo"), the Reporting Person is entitled to redeem, on behalf of its limited partners, common units of OpCo ("Opco LLC Interests")"
Class B common stock financial
"Upon a redemption or direct exchange of Opco LLC Interests, an equal number of shares of Class B common stock of the Issuer also held by the Reporting Person will be surrendered"
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.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of the Reporting Person's pecuniary interest therein"
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
Rule 16b-6(d) regulatory
"forfeiture and cancellation is exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b-6(d) and Rule 16a-4(d) thereunder"
FAQ
What insider transactions did SOLV Energy Management Holdings LP report for MWH?
SOLV Energy Management Holdings LP reported converting 1,329,803 Opco LLC Interests into 1,329,803 Class A shares of SOLV Energy, Inc., and then selling 1,329,803 Class A shares in a transaction dated August 19, 2026.
How many SOLV Energy Holdings LLC Interests does the reporting person hold after the transactions?
Following the August 19, 2026 conversion, the reporting person holds 21,312,638 Opco LLC Interests, according to the post-transaction holdings disclosed for the derivative security.
What type of derivative conversion occurred for SOLV Energy, Inc. (MWH)?
The reporting person directly exchanged Opco LLC Interests of SOLV Energy Holdings LLC for Class A common stock of SOLV Energy, Inc. on a one-for-one basis, with an equal number of Class B common shares surrendered and cancelled.
Does the reporting person claim full beneficial ownership of the MWH securities?
No. The reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest, and states that ASP Manager Corp., its general partner, has no pecuniary interest in the securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
