SOLV Energy (MWH) CCO's automatic 149K-unit sale at $27.77 each
Rhea-AI Filing Summary
SOLV Energy, Inc. (MWH) reports that Chief Commercial Officer David Harold Grubb Jr. had an automatic, non-discretionary pro rata redemption and sale of 149,258 SOLV Energy Management Holdings LP Units on 2026-08-19. These MH Units correspond to an equal number of Opco LLC Interests and Class A common stock sold by SOLV Energy Management Holdings LP at $27.77 per share. Following this derivative transaction, Grubb holds 2,392,150 MH Units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Grubb David Harold Jr.
Role
Chief Commercial Officer
Sold
149,258 shs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | SOLV Energy Management Holdings LP Units F1, F2, F3, F4 | 149,258 | -- | -- |
Holdings After Transaction:
SOLV Energy Management Holdings LP Units — 2,392,150 shares (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 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.
- F3. In accordance with the terms of the MH LPA and Opco LLCA, represents the required, automatic and non-discretionary pro rata redemption of 149,258 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.
- 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 sold: 149,258 units
Price per Class A common share: $27.77 per share
MH Units held after transaction: 2,392,150 units
3 metrics
MH Units sold
149,258 units
Required, automatic and non-discretionary pro rata redemption of MH Units on 2026-08-19
Price per Class A common share
$27.77 per share
Sale price of Class A common stock sold by SOLV Energy Management Holdings LP; used as MH Unit price
MH Units held after transaction
2,392,150 units
Direct MH Units held by David Harold Grubb Jr. following the reported transaction
Key Terms
Limited Partnership Agreement, Opco LLC Interests, Class B common stock, non-discretionary pro rata redemption
4 terms
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 149,258 MH Units"
FAQ
What did MWH insider David Harold Grubb Jr. report in this Form 4?
He reported an automatic, non-discretionary pro rata redemption and sale of 149,258 SOLV Energy Management Holdings LP Units, tied to a sale of the same number of SOLV Energy, Inc. Class A shares by SOLV Energy Management Holdings LP at $27.77 per share.
How many derivative units does the MWH officer hold after this transaction?
After the reported transaction, Chief Commercial Officer David Harold Grubb Jr. holds 2,392,150 SOLV Energy Management Holdings LP Units directly, as stated in the filing’s post-transaction holdings figure.
What price was used for the MH Units tied to the MWH Class A stock sale?
The filing states a price per MH Unit equal to the sale price of the Class A common stock sold by SOLV Energy Management Holdings LP, which was $27.77 per share of Class A common stock.
Was the MWH insider transaction under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is unchecked, and the footnotes describe the redemption as required, automatic and non-discretionary under governing agreements, rather than executed under an affirmed Rule 10b5-1 trading plan.
What do the redeemed MH Units represent in relation to MWH equity?
The 149,258 redeemed MH Units represent a required pro rata redemption linked to (i) a direct exchange of an equal number of Opco LLC Interests, (ii) cancellation of an equal number of Class B common shares held by SOLV Energy Management Holdings LP, and (iii) a corresponding sale of Class A common stock.
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