Ridgepost insider converts 4.4M Class B shares
A ten percent owner of Ridgepost Capital, Inc. shifted over 4.3 million Class B shares into Class A through entity-level conversions.
Rhea-AI Filing Summary
Ridgepost Capital, Inc. (RPC) reported that Mel Williams, a ten percent owner, had entities associated with him convert an aggregate of 4,399,554 shares of Class B Common Stock into the same number of Class A Common shares on September 3, 2026. The Mel Williams Irrevocable Trust converted 4,294,856 shares and MAW Management Co. converted 104,698 shares, eliminating their reported Class B holdings. After these conversions, the Williams Trust held 8,313,851 Class A shares indirectly, MAW Management Co. held 104,698 Class A shares indirectly, and the reporting person held 154,137 Class A shares directly. The reporting person disclaims beneficial ownership of the trust- and company-held securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,399,554 shares exercised/converted
Exercise
5 txns
Insider
Williams Mel
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F1, F2, F3, F4 | 4,294,856 | -- | -- |
| Conversion | Class B Common Stock F1, F2, F5, F6 | 104,698 | -- | -- |
| Conversion | Class A Common Stock F1, F2, F3, F4 | 4,294,856 | -- | -- |
| Conversion | Class A Common Stock F1, F2, F5, F6 | 104,698 | -- | -- |
| holding | Class A Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 0 contracts (Indirect, By The Mel Williams Irrevocable Trust u/a/d August 12, 2015);
Class B Common Stock — 0 contracts (Indirect, By MAW Management Co.);
Class A Common Stock — 8,313,851 shares (Indirect, By The Mel Williams Irrevocable Trust u/a/d August 12, 2015);
Class A Common Stock — 104,698 shares (Indirect, By MAW Management Co.);
Class A Common Stock — 154,137 shares (Direct)
Footnotes (7)
- F1. Holders of Class B Common Stock may elect to convert such shares on a one-for-one basis into Class A Common Stock at any time. After a Sunset (as defined below) becomes effective, each share of Class B Common Stock will automatically convert into Class A Common Stock.
- F2. Continued from footnote 1: A "Sunset" is triggered by any of the earlier of the following: (i) the Sunset Holders (as defined in the amended and restated certificate of incorporation of the Issuer (the "Charter")) cease to maintain direct or indirect beneficial ownership of 10% of the outstanding shares of Class A Common Stock (determined assuming all outstanding shares of Class B Common Stock have been converted into Class A Common Stock), (ii) the Sunset Holders collectively cease to maintain direct or indirect beneficial ownership of at least 25% of the aggregate voting power of the outstanding shares of Common Stock, and (iii) upon the tenth anniversary of the effective date of the Charter.
- F3. On September 3, 2026, The Mel Williams Irrevocable Trust u/a/d August 12, 2015 (the "Williams Trust") converted 4,294,856 shares of Class B Common Stock into an equivalent number of shares of Class A Common Stock.
- F4. Represents securities of the Issuer owned directly by the Williams Trust. Alliance Trust Company, as trustee of the Williams Trust, may be deemed to beneficially own the securities of the Issuer owned directly by the Williams Trust. The Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein, except to the extent of his pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that the Reporting Person is a beneficial owner of the securities of the Issuer reported herein.
- F5. On September 3, 2026, MAW Management Co. (the "Williams Company") converted 104,698 shares of Class B Common Stock into an equivalent number of shares of Class A Common Stock.
- F6. Represents securities of the Issuer owned directly by the Williams Company.
- F7. Represents securities of the Issuer owned directly by the Reporting Person.
Key Figures
Total shares converted: 4,399,554 shares
Williams Trust conversion: 4,294,856 shares
MAW Management Co. conversion: 104,698 shares
+4 more
7 metrics
Total shares converted
4,399,554 shares
Aggregate Class B to Class A conversions on September 3, 2026
Williams Trust conversion
4,294,856 shares
Class B Common Stock converted to Class A on September 3, 2026
MAW Management Co. conversion
104,698 shares
Class B Common Stock converted to Class A on September 3, 2026
Williams Trust Class A holdings
8,313,851 shares
Class A Common Stock held indirectly after the reported transactions
MAW Management Co. Class A holdings
104,698 shares
Class A Common Stock held indirectly after the reported transactions
Direct Class A holdings
154,137 shares
Class A Common Stock owned directly by the reporting person
Exercise/Conversion shares
4,399,554 shares
Total derivative shares converted according to transaction summary
Key Terms
Class B Common Stock, Class A Common Stock, Sunset, beneficial ownership, +2 more
6 terms
Class B Common Stock financial
"Holders of Class B Common Stock may elect to convert such shares"
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.
Class A Common Stock financial
"converted 4,294,856 shares of Class B Common Stock into an equivalent number of shares of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Sunset financial
"A "Sunset" is triggered by any of the earlier of the following"
beneficial ownership financial
"cease to maintain direct or indirect beneficial ownership of 10% of the outstanding"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
aggregate voting power financial
"maintain direct or indirect beneficial ownership of at least 25% of the aggregate voting power"
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of his pecuniary interest therein"
FAQ
What did the Form 4 report for Ridgepost Capital, Inc. (RPC)?
It reported that entities associated with Mel Williams converted an aggregate 4,399,554 shares of Class B Common Stock into an equivalent number of Class A Common Stock shares on September 3, 2026, eliminating their reported Class B positions.
What transaction did MAW Management Co. report in RPC stock?
MAW Management Co. converted 104,698 shares of Class B Common Stock into 104,698 shares of Class A Common Stock on September 3, 2026, and after the conversion it held 104,698 Class A shares indirectly.
Were the Ridgepost Capital (RPC) transactions under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that these conversions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
What special rights apply to Ridgepost Capital (RPC) Class B Common Stock and when does a Sunset occur?
Holders of Class B Common Stock may elect to convert shares into Class A on a one-for-one basis at any time. A “Sunset” occurs upon specified thresholds of beneficial ownership or voting power being lost, or on the tenth anniversary of the charter’s effective date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
