SOLV Energy CRO reports automatic MH unit redemption
SOLV Energy, Inc. Chief Revenue Officer Helena Elisabeth Kimball reported an automatic, non-discretionary redemption of 17,930 SOLV Energy Management Holdings LP units.
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Form Type
4
Rhea-AI Filing Summary
SOLV Energy, Inc. Chief Revenue Officer Helena Elisabeth Kimball reported an automatic, non-discretionary redemption of 17,930 SOLV Energy Management Holdings LP units. These MH Units were redeemed for cash in connection with a public follow-on offering of Class A common stock priced at $36.00 per share. The redemption also triggered the surrender of an equal number of Opco LLC Interests and cancellation of the same number of Class B common shares held by the partnership. After this issuer disposition, Kimball continues to hold 195,815 MH Units, so the transaction represents a partial adjustment rather than a full exit.
Insider Trade Summary
Disposition: 17,930 shares
Disposition
1 txn
Insider
Kimball Helena Elisabeth
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | SOLV Energy Management Holdings LP Units | 17,930 | $0.00 | $0.00 |
Holdings After Transaction:
SOLV Energy Management Holdings LP Units — 195,815 contracts (Direct)
Footnotes (4)
- 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.
- F2. (Continued from footnote 1) Upon a redemption 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.
- F3. In accordance with the terms of the MH LPA and Opco LLCA, represents the required, automatic and non-discretionary pro rata direct redemption for cash of 17,930 MH Units held by the Reporting Person (and the corresponding (i) surrender of an equal number of Opco LLC Interests held by MH and (ii) cancellation of an equal number of shares of Class B common stock of the Issuer held by MH) in connection with the public offering of Class A common stock by affiliates of American Securities LLC and the Issuer pursuant to the prospectus dated May 28, 2026, and accompanying registration statement on Form S-1 (File No. 333-296238), of the Issuer (the "Follow-On Offering").
- F4. Represents a price per MH Unit equal to the public offering price in the Follow-On Offering of $36.00 per share of Class A common stock, net of underwriting discounts and commissions.
Key Figures
MH Units redeemed: 17,930 units
Price per MH Unit: $36.00 per unit
MH Units held after transaction: 195,815 units
+1 more
4 metrics
MH Units redeemed
17,930 units
Automatic cash redemption tied to follow-on offering
Price per MH Unit
$36.00 per unit
Equal to Class A public offering price, net of underwriting discounts and commissions
MH Units held after transaction
195,815 units
Post-disposition holdings of Helena Elisabeth Kimball
Underlying Class A shares
17,930 shares
One-for-one underlying Class A common stock for redeemed MH Units
Key Terms
Limited Partnership Agreement, Opco LLC Interests, Class B common stock, Follow-On Offering, +1 more
5 terms
Limited Partnership Agreement financial
"Pursuant to the Limited Partnership Agreement ("MH LPA") of SOLV Energy Management Holdings LP ("MH")"
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 for, at the Issuer's election"
Class B common stock financial
"cancellation of an equal number of shares of Class B common stock of the Issuer held by MH"
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.
Follow-On Offering financial
"in connection with the public offering of Class A common stock ... (the "Follow-On Offering")"
A follow-on offering is when a company sells additional shares to the public after its initial stock listing to raise more cash. For investors it matters because the new shares increase the total number of shares outstanding, which can reduce each existing shareholder’s ownership share and earnings per share—similar to baking more loaves of bread after the first batch, which means each slice represents a slightly smaller piece of the whole; the funds raised can also support growth or pay debt.
underwriting discounts and commissions financial
"price per MH Unit equal to the public offering price ... net of underwriting discounts and commissions"
Underwriting discounts and commissions are fees paid to financial institutions that help sell new securities to investors. They act like a commission for their role in connecting companies with buyers, often reducing the amount of money the issuing company raises. For investors, understanding these costs helps gauge how much of their investment is going toward the actual securities versus fees paid to middlemen.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SOLV Energy (MWH) report for Helena Elisabeth Kimball?
Helena Elisabeth Kimball reported an automatic redemption of 17,930 SOLV Energy Management Holdings LP (MH) units. The transaction was a required, non-discretionary issuer disposition tied to a public follow-on offering of SOLV Energy Class A common stock.
Was the SOLV Energy (MWH) insider transaction a voluntary sale in the open market?
No. The transaction was a required, automatic and non-discretionary pro rata cash redemption of MH Units by the issuer. It was executed under partnership and LLC agreements in connection with a follow-on offering, not an open-market decision by the insider.
How many SOLV Energy MH Units does Helena Elisabeth Kimball hold after this Form 4 transaction?
After the transaction, Helena Elisabeth Kimball holds 195,815 SOLV Energy Management Holdings LP units. The 17,930 units redeemed represent only a portion of her total partnership interest, indicating she retains a substantial indirect economic stake.
What price was used for the redeemed SOLV Energy MH Units in this transaction?
Each redeemed MH Unit was valued at a price equal to the $36.00 public offering price of SOLV Energy Class A common stock, net of underwriting discounts and commissions. This links the cash redemption value directly to the concurrent follow-on equity offering.
How are SOLV Energy MH Units and Opco LLC Interests linked to the company’s common stock?
Under the partnership and LLC agreements, Opco LLC Interests held by MH can be redeemed for Class A common stock on a one-for-one basis or for cash using follow-on offering proceeds. Corresponding Class B common shares and MH Units are cancelled in these redemptions.
What happens to SOLV Energy Class B common stock when MH Units are redeemed?
When MH Units are redeemed, an equal number of Class B common shares held by the partnership are surrendered and cancelled for no additional consideration. These Class B shares provide voting rights but no economic rights, aligning voting power with changing partnership interests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
