SOLV Energy CCO redeems 235,947 MH units
Chief Commercial Officer David Harold Grubb Jr. reported an automatic, non-discretionary disposition to the issuer of 235,947 SOLV Energy Management Holdings LP Units on June 1, 2026.
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Rhea-AI Filing Summary
Chief Commercial Officer David Harold Grubb Jr. reported an automatic, non-discretionary disposition to the issuer of 235,947 SOLV Energy Management Holdings LP Units on June 1, 2026. These MH Units are paired with underlying Class A common stock on a one-for-one basis through Opco LLC Interests.
The redemption was a required pro rata cash redemption connected to a public follow-on offering of Class A common stock at $36.00 per share, net of underwriting discounts and commissions. After this transaction, Grubb continues to hold 2,576,799 MH Units, indicating this was a partial, structured adjustment rather than a full exit.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | SOLV Energy Management Holdings LP Units | 235,947 | $0.00 | $0.00 |
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 235,947 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
Key Terms
SOLV Energy Management Holdings LP Units financial
Opco LLC Interests financial
Follow-On Offering financial
Limited Partnership Agreement financial
Class B common stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SOLV Energy (MWH) report for David Harold Grubb Jr.?
Was the MWH Form 4 transaction an open-market sale of Class A common stock?
What price was used for the redeemed MH Units in SOLV Energy’s Form 4?
How many SOLV Energy MH Units does David Harold Grubb Jr. hold after the transaction?
How are MH Units and Opco LLC Interests linked to SOLV Energy’s Class A and Class B stock?
What corporate event triggered the MH Unit redemption in SOLV Energy’s Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.