SOLV Energy CFO redeems 88,422 MH Units for cash

SOLV Energy, Inc. Chief Financial Officer Chad Plotkin reported an automatic, non-discretionary disposition to the issuer of 88,422 SOLV Energy Management Holdings LP units.

Rhea-AI Filing Summary

SOLV Energy, Inc. Chief Financial Officer Chad Plotkin reported an automatic, non-discretionary disposition to the issuer of 88,422 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.

The redemption price per MH Unit was tied to the follow-on offering price of $36.00 per share of Class A common stock, net of underwriting discounts and commissions. Following this issuer disposition, Plotkin holds 965,672 MH Units, indicating he retains a substantial indirect economic interest in the structure.

Insights

Equity structure specialist

Routine, automatic MH Unit redemption tied to a follow-on offering.

The transaction reflects an automatic, required pro rata cash redemption of 88,422 MH Units held by CFO Chad Plotkin, linked to a public follow-on offering of Class A common stock at $36.00 per share.

Footnotes clarify this is a structural feature of the Up-C style arrangement involving MH Units, Opco LLC Interests, and Class B common stock. It is described as non-discretionary and required under the partnership and LLC agreements, suggesting limited informational value about Plotkin’s personal view of the stock.

After the redemption, Plotkin still holds 965,672 MH Units, so the disposed amount is only a portion of his position. The filing emphasizes mechanics around voting-only Class B shares and redeemable Opco LLC Interests, underscoring that this is mainly an organizational and capital-structure adjustment rather than a directional trading decision.

Insider Trade Summary

Disposition: 88,422 shares

Disposition 1 txn

Insider Plotkin Chad

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Disposition	SOLV Energy Management Holdings LP Units	88,422	$0.00	$0.00

Holdings After Transaction: SOLV Energy Management Holdings LP Units — 965,672 contracts (Direct)

Footnotes (4)

1. 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.
2. 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.
3. 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 88,422 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").
4. 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 disposed: 88,422 MH Units Price per MH Unit: $36.00 per MH Unit MH Units held after transaction: 965,672 MH Units +1 more

4 metrics

MH Units disposed 88,422 MH Units Automatic cash redemption tied to follow-on offering

Price per MH Unit $36.00 per MH Unit Equal to follow-on Class A offering price net of fees

MH Units held after transaction 965,672 MH Units Post-redemption holdings reported on Form 4

Transaction date June 1, 2026 Date of issuer disposition of MH Units

Key Terms

Limited Partnership Agreement, Opco LLC Interests, Class B common stock, Follow-On Offering

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

"shares of Class B common stock of the Issuer held by MH 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

"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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did SOLV Energy (MWH) CFO Chad Plotkin report on this Form 4?

Chad Plotkin reported a required disposition of 88,422 SOLV Energy Management Holdings LP units. The MH Units were redeemed for cash as part of the capital structure mechanics tied to a public follow-on offering of SOLV Energy Class A common stock.

Was the SOLV Energy (MWH) CFO’s MH Unit disposition discretionary or automatic?

The disposition was automatic and non-discretionary. Footnotes state it was a required pro rata cash redemption of 88,422 MH Units under the MH limited partnership agreement and Opco LLC agreement, triggered by the SOLV Energy Class A common stock follow-on offering.

What price was used for the redeemed MH Units in the SOLV Energy (MWH) Form 4?

The redeemed MH Units used a price equal to the follow-on offering price of $36.00 per share of Class A common stock, net of underwriting discounts and commissions. This ties the MH Unit cash redemption value directly to the public offering valuation level.

How many SOLV Energy Management Holdings LP units does the CFO hold after this transaction?

After the redemption of 88,422 MH Units, the Form 4 reports that Chad Plotkin holds 965,672 SOLV Energy Management Holdings LP units. This indicates he retains a substantial remaining economic interest linked to SOLV Energy’s Class A common stock through the Up-C structure.

How is the SOLV Energy (MWH) follow-on offering connected to the CFO’s MH Unit redemption?

The follow-on offering triggered the automatic MH Unit redemption. Under the partnership and LLC agreements, MH Units are redeemed for cash in connection with the public offering, using the follow-on offering price of Class A common stock to determine the per-unit cash amount.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/03/2026 - 05:30 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Plotkin Chad

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
SOLV Energy Management Holdings LP Units	(1)(2)	06/01/2026		D			88,422(3)	(1)(2)	(1)(2)	Class A Common Stock	88,422(3)	(4)	965,672	D

Explanation of Responses:

1. 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.

2. (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.

3. 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 88,422 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").

4. 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.

	/s/ Adam S. Forman, attorney-in-fact	06/03/2026
	** Signature of Reporting Person	Date
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)