WhiteHawk Income insider ownership detailed
WhiteHawk Income Corp director and CEO Daniel C. Herz filed an initial ownership report detailing his direct and indirect stakes.
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Form Type
3
Rhea-AI Filing Summary
WhiteHawk Income Corp director and CEO Daniel C. Herz filed an initial ownership report detailing his direct and indirect stakes. WhiteHawk Minerals LLC, an entity he controls, holds 3,750,000 shares of Class B common stock and 358,893 shares of Class A common stock indirectly attributed to him. Herz also directly owns 185,729 shares of Class A common stock and 2,000 shares of Series D Preferred Stock, which have no voting rights, are not convertible, and will be redeemed at the company’s initial public offering. WhiteHawk Minerals LLC further holds 3,750,000 Common Units that may be exchanged one-for-one into Class A common shares, with a corresponding number of Class B shares cancelled for no consideration.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Herz Daniel C, WhiteHawk Minerals LLC
Role
CEO, President & Chairman | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Units — 3,750,000 contracts (Indirect, By WhiteHawk Minerals LLC);
Class A Common Stock — 185,729 shares (Direct);
Series D Preferred Stock — 2,000 shares (Direct);
Class A Common Stock — 358,893 shares (Indirect, By WhiteHawk Minerals LLC);
Class B Common Stock — 3,750,000 shares (Indirect, By WhiteHawk Minerals LLC)
Footnotes (3)
- F1. The Series D Preferred Stock has no voting rights and is not convertible into Class A common stock. The Issuer will redeem all outstanding shares of Series D Preferred Stock at the consummation of its initial public offering.
- F2. Mr. Herz serves as the sole Managing Member of WhiteHawk Energy LLC, which in turn serves as the sole Managing Member of WhiteHawk Minerals LLC. In such capacity, Mr. Herz exercises sole voting and investment power over the shares of Class A common stock and Class B common stock held by WhiteHawk Minerals LLC and may therefore be deemed to beneficially own such shares. Mr. Herz disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F3. Each common unit of WhiteHawk Income Operating Partnership L.P. ("Common Unit") held by WhiteHawk Minerals LLC may be redeemed or exchanged for one share of Class A common stock, and a corresponding number of Class B common stock will be cancelled for no consideration. The Common Units have no expiration date.
Key Figures
Indirect Class B common: 3,750,000 shares
Indirect Class A common: 358,893 shares
Direct Class A common: 185,729 shares
+3 more
6 metrics
Indirect Class B common
3,750,000 shares
Held by WhiteHawk Minerals LLC, attributed to Herz
Indirect Class A common
358,893 shares
Held by WhiteHawk Minerals LLC, attributed to Herz
Direct Class A common
185,729 shares
Directly held by Daniel C. Herz
Series D Preferred Stock
2,000 shares
Directly held; non-voting, non-convertible, to be redeemed at IPO
Common Units underlying Class A
3,750,000 units
Each unit exchangeable into one Class A share; held indirectly
Common Units exercise price
$0.0000 per unit
Exercise price for Common Units into Class A common
Key Terms
Series D Preferred Stock, Common Units, Class B common stock, beneficially own, +1 more
5 terms
Series D Preferred Stock financial
"The Series D Preferred Stock has no voting rights and is not convertible into Class A common stock."
Series D preferred stock is a specific class of preferred shares typically issued in a later-stage financing round that gives holders special rights such as priority for payout before common shareholders, fixed or cumulative dividends, and often the option to convert into common shares. Investors care because these shares affect who gets paid first in a sale or liquidation, influence ownership and voting power, and change how future fundraising or an exit will impact an investor’s return—like a VIP ticket that can sometimes be exchanged for a regular ticket if that proves more valuable.
Common Units financial
"Each common unit of WhiteHawk Income Operating Partnership L.P. ("Common Unit") held by WhiteHawk Minerals LLC may be redeemed or exchanged for one share of Class A common stock."
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
Class B common stock financial
"shares of Class A common stock and Class B common stock held by WhiteHawk Minerals LLC"
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.
beneficially own financial
"may therefore be deemed to beneficially own such shares. Mr. Herz disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"Mr. Herz disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider holdings did Daniel C. Herz report at WhiteHawk Income Corp (WHK)?
Daniel C. Herz reported both direct and indirect holdings. Through WhiteHawk Minerals LLC, he is attributed 3,750,000 Class B and 358,893 Class A shares. He also directly owns 185,729 Class A shares and 2,000 shares of Series D Preferred Stock.
What are the key terms of the Series D Preferred Stock held by Daniel C. Herz at WHK?
Daniel C. Herz directly holds 2,000 shares of Series D Preferred Stock. This security has no voting rights, is not convertible into Class A common stock, and all outstanding Series D shares will be redeemed when WhiteHawk Income Corp completes its initial public offering.
What are the Common Units reported for WhiteHawk Income Corp and how can they be exchanged?
WhiteHawk Minerals LLC holds 3,750,000 Common Units of WhiteHawk Income Operating Partnership L.P. Each Common Unit may be redeemed or exchanged for one share of Class A common stock, while an equal number of Class B common shares will be cancelled for no consideration upon exchange.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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