STOCK TITAN

SOLV Energy (MWH) director redeems 4,958 Opco LLC Interests for cash

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SOLV Energy, Inc. director Abram J. Adam reported dispositions of SOLV Energy Holdings LLC Interests to the issuer. On the reported date, a trust associated with him disposed of 3,639 Opco LLC Interests held indirectly, and he disposed of 1,319 Opco LLC Interests held directly.

According to the footnotes, these interests were exchanged for cash at a price per Opco LLC Interest equal to the public offering price of $36.00 per share of Class A common stock, net of underwriting discounts and commissions, in connection with a follow-on public offering. Following the transactions, he continued to hold 261,304 Opco LLC Interests indirectly through a trust and 94,698 Opco LLC Interests directly.

Positive

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Insider Abram J Adam
Role null
Type Security Shares Price Value
Disposition SOLV Energy Holdings LLC Interests 1,319 $0.00 --
Disposition SOLV Energy Holdings LLC Interests 3,639 $0.00 --
Holdings After Transaction: SOLV Energy Holdings LLC Interests — 94,698 shares (Direct, null); SOLV Energy Holdings LLC Interests — 261,304 shares (Indirect, By Trust)
Footnotes (1)
  1. Pursuant to the limited liability company agreement ("Opco LLCA") of SOLV Energy Holdings LLC ("Opco"), the Reporting Person is entitled to redeem 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 of Opco LLC Interests, an equal number of shares of Class B common stock of the Issuer held by the Reporting Person will be surrendered to and cancelled by the Issuer for no additional consideration. (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. Opco LLC Interests do not have an expiration date. Represents the direct exchange for cash of 1,319 Opco LLC Interests directly held and 3,639 Opco LLC Interests indirectly held by the Reporting Person (and the cancellation of an equal number of shares of Class B common stock of the Issuer held by the Reporting Person) as a result of the full exercise of the underwriters' option to purchase additional shares of Class A common stock 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"). Represents a price per Opco LLC Interest 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.
Indirect Opco LLC Interests disposed 3,639 interests Indirect, by trust, disposition to issuer on 2026-06-04
Direct Opco LLC Interests disposed 1,319 interests Direct disposition to issuer on 2026-06-04
Price per Opco LLC Interest $36.00 per interest Equal to follow-on Class A offering price net of discounts
Indirect holdings after transaction 261,304 interests Opco LLC Interests held indirectly by trust after disposition
Direct holdings after transaction 94,698 interests Opco LLC Interests held directly after disposition
Total Opco LLC Interests exchanged 4,958 interests Sum of direct and indirect interests exchanged for cash
SOLV Energy Holdings LLC Interests financial
"Pursuant to the limited liability company agreement ("Opco LLCA") of SOLV Energy Holdings LLC ("Opco")"
Opco LLC Interests financial
"the Reporting Person is entitled to redeem common units of Opco ("Opco LLC Interests") for, at the Issuer's election"
Class A common stock financial
"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"
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.
Class B common stock financial
"an equal number of shares of Class B common stock of the Issuer 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.
Follow-On Offering financial
"as a result of the full exercise of the underwriters' option to purchase additional shares 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.
registration statement on Form S-1 regulatory
"pursuant to the prospectus dated May 28, 2026, and accompanying registration statement on Form S-1 (File No. 333-296238)"
A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.
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SEC Form 4
FORM 4UNITED 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*
Abram J Adam

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
SOLV Energy Holdings LLC Interests(1)(2)06/04/2026D1,319(3) (1)(2) (1)(2)Class A Common Stock1,319(3)(4)94,698D
SOLV Energy Holdings LLC Interests(1)(2)06/04/2026D3,639(3) (1)(2) (1)(2)Class A Common Stock3,639(3)(4)261,304IBy Trust
Explanation of Responses:
1. Pursuant to the limited liability company agreement ("Opco LLCA") of SOLV Energy Holdings LLC ("Opco"), the Reporting Person is entitled to redeem 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 of Opco LLC Interests, an equal number of shares of Class B common stock of the Issuer held by the Reporting Person will be surrendered to and cancelled by the Issuer for no additional consideration.
2. (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. Opco LLC Interests do not have an expiration date.
3. Represents the direct exchange for cash of 1,319 Opco LLC Interests directly held and 3,639 Opco LLC Interests indirectly held by the Reporting Person (and the cancellation of an equal number of shares of Class B common stock of the Issuer held by the Reporting Person) as a result of the full exercise of the underwriters' option to purchase additional shares of Class A common stock 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").
4. Represents a price per Opco LLC Interest 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.
/s/ Adam S. Forman, attorney-in-fact06/05/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transaction did Abram J. Adam report for SOLV Energy (MWH)?

Abram J. Adam reported dispositions of SOLV Energy Holdings LLC Interests to the issuer. He disposed of 3,639 Opco LLC Interests indirectly via a trust and 1,319 Opco LLC Interests directly, as part of a cash exchange tied to a follow-on public offering.

How many SOLV Energy Holdings LLC Interests did Abram J. Adam dispose of?

He disposed of a total of 4,958 Opco LLC Interests. This included 3,639 interests held indirectly through a trust and 1,319 interests held directly, all characterized as issuer dispositions rather than open-market sales.

What price was used for Abram J. Adam’s Opco LLC Interest cash exchange at SOLV Energy (MWH)?

The cash exchange used a price per Opco LLC Interest equal to $36.00 per share of Class A common stock. This amount reflected the follow-on public offering price net of underwriting discounts and commissions, as described in the filing footnotes.

How many SOLV Energy Holdings LLC Interests does Abram J. Adam hold after the transaction?

After the transaction, he held 261,304 Opco LLC Interests indirectly through a trust and 94,698 Opco LLC Interests directly. These remaining positions show he retained a substantial indirect and direct interest in SOLV Energy Holdings LLC following the reported dispositions.

What is the nature of Abram J. Adam’s indirect ownership in SOLV Energy (MWH)?

His indirect holdings are owned "By Trust," meaning a trust associated with him holds 261,304 Opco LLC Interests after the transaction. The filing attributes these interests as indirect ownership, separate from his 94,698 directly held Opco LLC Interests.

How are the Opco LLC Interest dispositions linked to SOLV Energy’s follow-on offering?

The filing states the cash exchange of 1,319 direct and 3,639 indirect Opco LLC Interests occurred as a result of underwriters fully exercising their option to purchase additional Class A shares in a follow-on public offering, using the $36.00 offering price as the reference.