Suncrete sponsor distributes 3.56M shares to members
The director's reported post-transaction positions include direct and indirect holdings; the Sponsor's distribution to its members was made without consideration.
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Rhea-AI Filing Summary
Suncrete, Inc. (RMIX) director Andrew R. Heyer reported securities distributed by Haymaker Sponsor IV LLC to its members on October 8, 2026. The Sponsor distributed all of its Suncrete securities, including 3,564,267 Class A Common Stock shares and 75,000 private placement warrants, with no consideration paid.
The reported indirect dispositions were 2,211,343 shares and 56,747 warrants; reported indirect holdings afterward were 229,254 shares and 18,253 warrants. Heyer held 1,171,670 shares directly afterward, including 1,123,670 received in the distribution and 48,000 restricted shares. Heyer is the Sponsor’s managing member and disclaims beneficial ownership of Sponsor securities except to the extent of his pecuniary interest; he also disclaims ownership of securities held by his spouse and a grantor retained annuity trust.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Private Placement Warrants F1, F5 | 56,747 | $0.00 | $0.00 |
| Other | Class A Common Stock F1, F2, F3 | 2,211,343 | $0.00 | $0.00 |
| holding | Class A Common Stock F4 | -- | -- | -- |
Footnotes (5)
- F1. On October 8, 2026, Haymaker Sponsor IV LLC (the "Sponsor") distributed an aggregate of 3,564,267 shares of Class A Common Stock ("Class A Common Stock") and 75,000 private placement warrants ("Private Placement Warrants") of Suncrete, Inc. (the "Issuer"), representing all of the securities of the Issuer owned by the Sponsor, to its members with no consideration being paid in connection therewith (the "Distribution"). Mr. Heyer is a managing member of the Sponsor and may be deemed to have beneficial ownership of the securities held directly by the Sponsor. Mr. Heyer disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- F2. Includes (i) 175,852 shares of Class A Common Stock held by Heyer Investment Management, LLC, (ii) 45,266 shares of Class A Common Stock held by the Mindy B. Heyer 2023 Grantor Retained Annuity Trust and (iii) 8,136 shares of Class A Common Stock held directly by Andrew R. Heyer's spouse, and, in each case, received in the Distribution. Andrew R. Heyer is the managing member of Heyer Investment Management, LLC and has voting and dispositive power over the securities held by such entity. Accordingly, Andrew R. Heyer may be deemed to have or share beneficial ownership of such securities.
- F3. In addition, Andrew R. Heyer's spouse is the sole trustee, grantor and recipient of annuity payments of the Mindy B. Heyer 2023 Grantor Retained Annuity Trust. Andrew R. Heyer disclaims beneficial ownership of the securities held by the Mindy B. Heyer 2023 Grantor Retained Annuity Trust and by his spouse, and the filing of this report should not be deemed an admission that Andrew R. Heyer is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F4. Includes (i) 1,123,670 shares of Class A Common Stock received in the Distribution and (ii) 48,000 restricted shares of Class A Common Stock, in each case, held directly by Andrew R. Heyer. The receipt of the shares by Andrew R. Heyer in the Distribution constituted a change in the form of ownership from indirect to direct.
- F5. Includes (i) 15,645 Private Placement Warrants held by Heyer Investment Management, LLC and (ii) 2,608 Private Placement Warrants held by the Mindy B. Heyer 2023 Grantor Retained Annuity Trust, and, in each case, received in the Distribution. Andrew R. Heyer is the managing member of Heyer Investment Management, LLC and has voting and dispositive power over the securities held by such entity. Accordingly, Andrew R. Heyer may be deemed to have or share beneficial ownership of such securities. In addition, Andrew R. Heyer's spouse is the sole trustee, grantor and recipient of annuity payments of the Mindy B. Heyer 2023 Grantor Retained Annuity Trust. Andrew R. Heyer disclaims beneficial ownership of the securities held by the Mindy B. Heyer 2023 Grantor Retained Annuity Trust, and the filing of this report should not be deemed an admission that Andrew R. Heyer is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Key Figures
Key Terms
Private Placement Warrants financial
Grantor Retained Annuity Trust financial
pecuniary interest financial
beneficial ownership regulatory
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