SOLV Energy CCO redeems 35,391 partnership units
SOLV Energy, Inc. Chief Commercial Officer David Harold Grubb Jr. reported an automatic, non-discretionary disposition to the issuer of 35,391 SOLV Energy Management Holdings LP units.
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Form Type
4
Rhea-AI Filing Summary
SOLV Energy, Inc. Chief Commercial Officer David Harold Grubb Jr. reported an automatic, non-discretionary disposition to the issuer of 35,391 SOLV Energy Management Holdings LP units. The redemption for cash was triggered pro rata by the full exercise of underwriters' option in a follow-on Class A common stock offering, leaving 2,541,408 units reported as remaining.
Insider Trade Summary
Disposition: 35,391 shares
Disposition
1 txn
Insider
Grubb David Harold Jr.
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | SOLV Energy Management Holdings LP Units | 35,391 | $0.00 | $0.00 |
Holdings After Transaction:
SOLV Energy Management Holdings LP Units — 2,541,408 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 35,391 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) 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").
- 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
Units disposed: 35,391 units
Price per unit reference: $36.00 per share
Units after transaction: 2,541,408 units
+2 more
5 metrics
Units disposed
35,391 units
Automatic issuer redemption of MH Units
Price per unit reference
$36.00 per share
Public offering price of Class A common stock
Units after transaction
2,541,408 units
Total SOLV Energy Management Holdings LP units reported following transaction
Transaction type
Disposition to issuer
Code D derivative transaction on Form 4
Derivative transactions
1 transaction
Single derivative disposition reported in this filing
Key Terms
Disposition to issuer, Opco LLC Interests, Class B common stock, Follow-On Offering, +1 more
5 terms
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
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.
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.
Limited Partnership Agreement financial
"Pursuant to the Limited Partnership Agreement ("MH LPA")"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SOLV Energy (MWH) disclose on this Form 4?
SOLV Energy reported its Chief Commercial Officer disposed of 35,391 SOLV Energy Management Holdings LP units. The transaction was an automatic, non-discretionary redemption to the issuer, tied to the underwriters’ full exercise of an option in a follow-on Class A common stock offering.
Was the SOLV Energy (MWH) insider transaction an open-market sale?
No, the transaction was not an open-market sale. It was a required, automatic and non-discretionary pro rata redemption of 35,391 partnership units to the issuer, executed in connection with the underwriters’ option exercise in a follow-on Class A common stock offering.
What price was used for the redeemed SOLV Energy management LP units?
The redeemed units used a price equal to the public offering price of $36.00 per share of Class A common stock. This amount was calculated net of underwriting discounts and commissions, matching the economics of the follow-on Class A share offering.
How many SOLV Energy management LP units does the insider report after this transaction?
After the automatic redemption of 35,391 SOLV Energy Management Holdings LP units, the reporting person shows 2,541,408 units remaining. This figure reflects the updated derivative position following the issuer disposition and associated capital markets activity described in the Form 4.
Why were SOLV Energy (MWH) partnership units redeemed in this Form 4 event?
The 35,391 units were redeemed due to a required, automatic pro rata mechanism in partnership and LLC agreements. This was triggered by the full exercise of underwriters’ option to purchase additional Class A common shares in a follow-on public offering by SOLV Energy and certain affiliates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
